Form 4: Zillow CTO Sells Shares for Tax Withholding

Zillow Group's Chief Technology Officer, David A. Beitel, sold 3,678 shares of Class C Capital Stock to cover tax obligations related to restricted stock unit vesting.

Summary

• David A. Beitel, Zillow Group's Chief Technology Officer, sold shares of Class C Capital Stock.
• The sales occurred on August 13, 2025.
• A total of 1,766 shares were sold at a weighted average price of $80.8556 per share.
• An additional 1,912 shares were sold at a weighted average price of $82.0509 per share.
• These sales were specifically conducted to cover tax withholding obligations upon the vesting of restricted stock units.
• Following these transactions, Beitel beneficially owns 167,059 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary sale of shares by an insider to cover tax obligations upon RSU vesting. This type of transaction is neutral and does not indicate a change in sentiment towards the company's prospects.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, non-discretionary sale for tax purposes by an executive, not indicative of a change in investment thesis.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by a Chief Technology Officer to cover tax obligations arising from restricted stock unit vesting. Such transactions are common and do not typically reflect a change in the insider's view of the company's fundamentals or future prospects. Therefore, it provides no new information to warrant a change in investment recommendation; a 'hold' stance is maintained based on existing broader company analysis.

Keywords

Zillow Group, Zillow, ZG, Insider Trading, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, David A. Beitel, Chief Technology Officer