Form 4: Zillow COO Sells Shares for Tax Obligations

Zillow Group's Chief Operating Officer, Jun Choo, sold 3,141 shares of Class C Capital Stock on November 12, 2025, to cover tax withholdings related to restricted stock unit vesting.

Summary

• Jun Choo, Chief Operating Officer of Zillow Group, Inc. (Z and ZG), reported the sale of Class C Capital Stock.
• The transactions occurred on November 12, 2025.
• A total of 3,141 shares were sold across four separate transactions.
• The sales were executed to cover tax withholding obligations upon the vesting of restricted stock units.
• The shares were sold at weighted average prices ranging from $70.8105 to $73.5865.
• Following these transactions, Jun Choo beneficially owns 110,988 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary sale of shares by an executive to cover tax obligations associated with restricted stock unit vesting. This type of transaction is neutral in sentiment as it does not reflect a change in the executive's investment thesis or the company's operational performance.

Industry Context

This filing represents a routine insider transaction common among executives who receive equity compensation in the form of restricted stock units. The sale of shares to cover tax withholding upon vesting is a standard practice and generally not indicative of a change in management's outlook on the company's prospects.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related sale and not a discretionary divestment that would signal a change in management confidence.
• Employees: No direct impact.

Key Dates

Recommendation

The reported transaction is a routine sale of shares by Zillow's COO to satisfy tax withholding requirements upon the vesting of restricted stock units. This is a common occurrence for executives receiving equity compensation and does not typically reflect a change in the company's fundamentals or management's long-term outlook. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Zillow Group, Zillow, Z, ZG, Insider Transaction, Form 4, Stock Sale, COO, Tax Withholding, Equity Compensation, Restricted Stock Units