Form 4: Zillow Group Chief Accounting Officer Sells Shares Following Vesting

Zillow Group's Chief Accounting Officer, Jennifer Rock, sold a portion of her Class C Capital Stock to cover tax obligations following the vesting of restricted stock units.

Summary

• Jennifer Rock, Chief Accounting Officer of Zillow Group, sold shares of Class C Capital Stock on November 13th and 15th, 2024.
• The sales on November 13th were in two tranches, one of 2,723 shares at a weighted average price of $73.8378 and another of 464 shares at a weighted average price of $74.9653.
• On November 15th, 8,225 shares were sold at a price of $73.05.
• These sales were made to cover tax withholding obligations due upon the vesting of restricted stock units.
• Following these transactions, Ms. Rock beneficially owns 61,424 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale prices are within the typical range for Zillow's stock price during the period.
• Similar transactions are regularly reported by executives at comparable tech companies.

Stakeholder Impact

• The stock sales have a minimal impact on shareholders as they are routine transactions.
• The sales do not indicate any change in the company's performance or outlook.

Key Dates

Keywords

Zillow Group, Jennifer Rock, Chief Accounting Officer, Class C Capital Stock, SEC Form 4, Stock Sale, Restricted Stock Units, Tax Withholding