Form 4: Zillow Group Co-Founder Lloyd Frink Executes Stock Option and Sells Shares
SEC Form 4 Filing
Zillow Group's Co-Executive Chairman and President, Lloyd Frink, exercised stock options and sold a portion of his Class C Capital Stock between December 2nd and December 4th, 2024.
Summary
- Lloyd Frink, Co-Executive Chairman and President of Zillow Group, engaged in multiple transactions involving Class C Capital Stock.
- On December 2nd, 2024, he exercised options to acquire 33,333 shares at $22.41 per share and sold 33,333 shares at a weighted average price of $83.5773.
- On December 3rd, 2024, he exercised options to acquire 33,333 shares at $22.41 per share and sold 33,333 shares in multiple transactions at a weighted average price of $83.4205 and 1,501 shares at a weighted average price of $83.9386.
- On December 4th, 2024, he exercised options to acquire 33,334 shares at $22.41 per share and sold 33,334 shares at a weighted average price of $83.6346.
- Following these transactions, Mr. Frink directly owns 2,383,189 shares of Class C Capital Stock and indirectly owns 797,765 shares through the Frink Descendants' Trust.
- He also holds options to purchase 200,000 shares of Class C Capital Stock at $22.41 per share.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity, with no indication of positive or negative sentiment.
Industry Context
This is a routine SEC Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the transactions of key personnel.
Comparison to Industry Standards
- SEC Form 4 filings are standard practice for publicly traded companies in the United States.
- The transactions are typical for executives who hold stock options and periodically exercise and sell shares for personal financial management.
- The reported prices are within the normal trading range for Zillow Group stock.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the volume of shares sold, but this is a routine activity.
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 12/30/2004 | Date of indirect ownership of 797,765 shares by Frink Descendants' Trust |
| 05/18/2016 | Date of first vesting of stock options |
| 03/28/2026 | Expiration date of stock options |
| 12/02/2024 | Date of first set of stock option exercises and share sales |
| 12/03/2024 | Date of second set of stock option exercises and share sales |
| 12/04/2024 | Date of third set of stock option exercises and share sales |
Keywords
Zillow Group, Lloyd Frink, Stock Options, Class C Capital Stock, SEC Form 4, Insider Trading, Share Sales, Beneficial Ownership
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