Form 4: Zillow Group COO Jeremy Wacksman Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

Zillow Group's Chief Operating Officer, Jeremy Wacksman, sold shares of Class C Capital Stock to cover tax withholding and under a pre-arranged 10b5-1 trading plan.

Summary

• Jeremy Wacksman, the Chief Operating Officer of Zillow Group, Inc., reported the sale of Class C Capital Stock on May 15 and May 17, 2024.
• On May 15, 2024, Wacksman sold 6,443 shares at a weighted average price of $44.2664 and 55 shares at $44.93.
• On May 17, 2024, he sold 9,849 shares at a weighted average price of $44.5542.
• These sales were conducted to cover tax withholding upon the vesting of restricted stock units and pursuant to a Rule 10b5-1 trading plan adopted on February 16, 2024.
• Following these transactions, Wacksman directly owns 116,926 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: The document reports routine stock sales by an executive, primarily for tax obligations and under a pre-arranged trading plan. This is a neutral event.

Industry Context

Sales by executives are a normal part of corporate governance. Sales under 10b5-1 plans are common and allow insiders to sell shares without being accused of acting on inside information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates