Form 4: Zillow CTO Sells Over 22,000 Shares in Pre-Planned Sale

Zillow Group's Chief Technology Officer, David A. Beitel, sold 22,510 shares of Class C Capital Stock for approximately $90.97 per share as part of a pre-planned transaction.

Summary

• David A. Beitel, Chief Technology Officer of Zillow Group, Inc. (Z and ZG), executed a sale of company stock.
• The transaction involved 22,510 shares of Zillow Group Class C Capital Stock.
• The sale occurred on September 8, 2025, at a weighted average price of $90.9708 per share.
• Following this transaction, Mr. Beitel directly beneficially owns 144,549 shares of Class C Capital Stock.
• The sale was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale by the Chief Technology Officer, executed under a pre-planned Rule 10b5-1(c) plan, which is generally considered a neutral event for the company's stock.

Positives

• The sale was executed under a Rule 10b5-1(c) plan, indicating it was a pre-scheduled transaction and not necessarily based on new, undisclosed negative information.

Negatives

• The transaction resulted in a reduction of direct beneficial ownership by a key executive, David A. Beitel, by 22,510 shares.

Stakeholder Impact

• Shareholders: The transaction reduces the direct beneficial ownership of Class C Capital Stock by a key executive, which could be viewed as a slight negative, though mitigated by the pre-planned nature of the sale.

Key Dates

Recommendation

The filing details a routine, pre-planned insider sale by a Zillow executive. Such transactions, particularly when executed under a Rule 10b5-1 plan, are generally not indicative of a fundamental shift in the company's prospects and do not typically warrant a change in investment recommendation based solely on this information.

Keywords

Zillow, ZG, Z, Insider Trading, Form 4, Stock Sale, David Beitel, Chief Technology Officer, CTO, Rule 10b5-1