Form 4: Zillow CFO Jeremy Hofmann Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

Zillow Group's CFO, Jeremy Hofmann, sold shares of Class C Capital Stock on May 14 and 16, 2025, primarily to cover tax withholding obligations and under a pre-arranged trading plan.

Summary

• Jeremy Hofmann, the Chief Financial Officer of Zillow Group, Inc., reported the sale of Class C Capital Stock on May 14 and 16, 2025.
• The sales were executed to cover tax withholding obligations related to the vesting of restricted stock units and under a Rule 10b5-1 trading plan.
• On May 14, 2025, Hofmann sold 4,977 shares at a weighted average price of $68.599 and 400 shares at a weighted average price of $69.3625.
• On May 16, 2025, he sold 7,859 shares at a weighted average price of $68.9728 and 100 shares at a weighted average price of $69.4749.
• Following these transactions, Hofmann directly owns 97,481 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider stock sales. The sales are partly to cover tax obligations and partly under a pre-arranged trading plan, suggesting no particular negative sentiment about the company's prospects.

Industry Context

Insider sales are a common occurrence, especially to cover tax obligations related to stock vesting or as part of pre-planned trading strategies. The filing provides transparency into the transactions of company insiders.

Stakeholder Impact

• The stock sales by a high-ranking executive could be perceived negatively by some shareholders, although the explanation provided mitigates this concern.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely minimal.

Key Dates

Keywords

Zillow Group, Jeremy Hofmann, Class C Capital Stock, SEC Form 4, Insider Trading, Stock Sale, Tax Withholding, Rule 10b5-1