Form 4: Zillow Group Director Stephenson Sells Shares Worth Over $700,000

Director Gordon Sheridan Stephenson sold 10,000 shares of Zillow Group's Class C Capital Stock at an average price of $70.6883 on May 13, 2025, while also exercising options to acquire 10,000 shares at $21.46.

Summary

• On May 13, 2025, Gordon Sheridan Stephenson, a director of Zillow Group, Inc., engaged in transactions involving the company's Class C Capital Stock.
• Stephenson exercised stock options to acquire 10,000 shares at a price of $21.46 per share.
• Simultaneously, Stephenson sold 10,000 shares at a weighted average price of $70.6883, with individual sales ranging from $70.5750 to $70.80.
• Following these transactions, Stephenson directly owns 28,290 shares of Class C Capital Stock and indirectly owns 40,000 shares through the Stephenson Family LLC.
• Stephenson also holds options for 6,835 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects routine transactions by a company director. The exercise of options and subsequent sale is a common practice.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Comparing Stephenson's transactions to other real estate and technology company directors' dealings would require analyzing similar Form 4 filings.
• Generally, insider sales are not necessarily negative, but significant or frequent sales can sometimes raise concerns.
• The exercise of options and subsequent sale is a common practice for executives to realize compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as insider sales can sometimes be interpreted negatively, although this appears to be a routine transaction.
• The impact on employees, customers, suppliers, and creditors is likely negligible.

Key Dates

Keywords

Zillow Group, Director, Stock Sale, Form 4, Stephenson, Class C Capital Stock, Stock Option, Beneficial Ownership