Form 4: Zillow CTO Sells Shares for Tax Obligations

Zillow Group's Chief Technology Officer, David A. Beitel, sold 3,966 shares of Class C Capital Stock to cover tax withholding upon restricted stock unit vesting.

Summary

• David A. Beitel, Chief Technology Officer of Zillow Group, Inc., reported a transaction on February 12, 2026.
• He sold 3,966 shares of Zillow Group Class C Capital Stock.
• The shares were sold at a weighted average price of $44.2205, with individual transactions ranging from $43.87 to $44.60.
• The purpose of the sale was to cover tax withholding obligations arising from the vesting of restricted stock units.
• Following this transaction, Mr. Beitel beneficially owns 136,690 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a routine administrative action to satisfy tax obligations related to equity compensation, not an indication of a change in sentiment or company fundamentals.

Industry Context

StockSavvy.ai notes that insider sales to cover tax obligations upon the vesting of restricted stock units are a common and routine occurrence across all industries, particularly in technology companies where equity compensation is prevalent. This transaction does not typically signal a change in management's outlook on the company's prospects.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, tax-related sale of a small percentage of the insider's holdings.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Recommendation

This Form 4 filing details a routine insider sale of shares to cover tax obligations from vested restricted stock units. Such transactions are common and do not typically reflect a change in the insider's long-term view of the company or its fundamentals. Therefore, it provides no new information that would warrant a change in investment recommendation based solely on this filing.

Keywords

Zillow Group, Zillow, ZG, Z, Form 4, Insider Trading, Stock Sale, CTO, David A. Beitel, Restricted Stock Units, Tax Withholding