Form 4: Zillow Exec Sells Shares for Tax Withholding

Zillow's Chief Accounting Officer, Jennifer Rock, sold Class C Capital Stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Jennifer Rock, Chief Accounting Officer of Zillow Group, Inc., reported sales of Class C Capital Stock.
• The sales occurred on August 13, 2025.
• A total of 1,440 shares were sold at a weighted average price of $80.8255 per share, with prices ranging from $80.54 to $81.42.
• An additional 1,670 shares were sold at a weighted average price of $82.0379 per share, with prices ranging from $81.625 to $82.48.
• These transactions were conducted to cover tax withholding obligations upon the vesting of restricted stock units.
• Following these sales, Jennifer Rock beneficially owns 47,191 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax purposes related to equity compensation vesting, which is neutral in terms of company performance or executive confidence.

Positives

• Vesting of restricted stock units indicates the executive is receiving equity compensation, a standard practice for retaining key personnel.

Negatives

• No inherent negatives as the sales were non-discretionary and for tax purposes.

Risks

• NA

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Management Comments

• The sales represent shares sold to cover tax withholding due upon vesting of restricted stock units.

Industry Context

This routine insider transaction for tax purposes does not provide specific insights into broader industry trends or competitive dynamics within the real estate technology sector.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary sale for tax purposes, not indicative of a change in executive confidence or company fundamentals.

Next Steps

• No specific future actions or milestones are mentioned in this filing.

Key Dates

Keywords

Zillow, ZG, Z, SEC Form 4, Insider Trading, Stock Sale, Executive Compensation, Tax Withholding, Jennifer Rock, Chief Accounting Officer