Form 4: Zillow Group Co-Executive Chairman Richard Barton Reports Significant Share Transfers
SEC Form 4 Filing
Richard Barton, Co-Executive Chairman of Zillow Group, reported the transfer of a substantial number of Class C Capital Stock shares from a grantor retained annuity trust (GRAT) back to himself and an irrevocable trust.
Summary
- Richard Barton, Co-Executive Chairman and Co-Founder of Zillow Group, filed a Form 4 detailing changes in his beneficial ownership of the company's Class C Capital Stock.
- The filing primarily reflects the transfer of 1,622,033 shares from the RNB Z GRAT of November 2022 back to Mr. Barton directly.
- Additionally, 732,930 shares were transferred to an irrevocable trust where Mr. Barton is a co-trustee.
- Another 889,103 shares were acquired by The Richard & Sarah Barton Irrevocable Trust.
- These transactions occurred on November 15, 2024, and are reported at a price of $0, indicating a transfer rather than a purchase or sale.
- Mr. Barton also has indirect ownership through other trusts and entities, including the Barton Descendants' Trust, Barton Ventures II LLC, and the RNB Z GRAT of May 2024.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing share transfers, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider and is common in the real estate technology industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, and the transactions reported are typical for executives managing their personal holdings.
- Similar filings are regularly made by executives at other real estate technology companies such as Redfin and Opendoor.
Stakeholder Impact
- The share transfers do not have a direct impact on shareholders, employees, customers, suppliers, or creditors as they are internal to the reporting person's holdings.
Key Dates
| Date | Description |
|---|---|
| 12/30/2004 | Date of Barton Descendants' Trust |
| 03/27/2010 | Date of The Richard & Sarah Barton Irrevocable Trust |
| 11/15/2024 | Date of share transfers reported in the Form 4 |
| 11/19/2024 | Date of signature on the Form 4 |
Keywords
Zillow Group, Richard Barton, Class C Capital Stock, Beneficial Ownership, Form 4, Share Transfer, GRAT, Irrevocable Trust
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