4/A: Zillow Group Director Amy Bohutinsky Amends Filing to Disclose 10b5-1 Trading Plan

Amy Bohutinsky, a director at Zillow Group, amended a previous SEC Form 4 filing to reflect that stock sales were executed under a pre-arranged 10b5-1 trading plan.

Summary

• Amy Bohutinsky, a director at Zillow Group, filed an amended Form 4 with the SEC.
• The amendment clarifies that certain stock sales were conducted under a Rule 10b5-1 trading plan adopted on December 4, 2023.
• The original transactions included the acquisition and disposition of Class A Common Stock and Class C Capital Stock.
• On March 1, 2024, 5,652 shares of Class C Capital Stock were acquired.
• On March 4, 2024, transactions included the exercise of options to acquire 31,250 shares of Class A Common Stock at $30.7534 and 62,500 shares of Class C Capital Stock at $35.4807.
• Sales of Class A Common Stock on March 4, 2024, totaled 16,014 shares at a weighted average price of $55.2986 and 15,236 shares at $55.9546.
• Sales of Class C Capital Stock on March 4, 2024, included 53,487 shares at a weighted average price of $57.1384 and 9,013 shares at $57.7839.
• Following these transactions, Bohutinsky directly owns 15,236 shares of Class A Common Stock and 5,652 shares of Class C Capital Stock.
• She also holds options to purchase shares of Class A Common Stock and Class C Capital Stock, though the number of shares obtainable through these options is now zero due to the exercise of the options.
• The filing also details the vesting schedule for stock options granted in 2016, with portions vesting over several years.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. The use of a 10b5-1 trading plan is a common practice for corporate insiders to sell shares while avoiding accusations of trading on non-public information.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies, including those in the real estate and technology sectors.
• Companies like Redfin and Opendoor also see similar filings from their executives detailing stock transactions under pre-arranged trading plans.
• The vesting schedules and option exercise prices are typical for executive compensation packages in comparable companies.

Key Dates