Form 4: Zillow Group Executive David Beitel Sells Shares to Cover Tax Obligations

David A. Beitel, Chief Technology Officer of Zillow Group, Inc., sold shares of Class C Capital Stock on May 14, 2025, to cover tax withholding obligations.

Summary

• On May 14, 2025, David A. Beitel, the Chief Technology Officer of Zillow Group, Inc., sold 3,442 shares of Class C Capital Stock at a weighted average price of $68.6157.
• He also sold 200 shares of Class C Capital Stock at a weighted average price of $69.295.
• These sales were executed to cover tax withholding requirements related to the vesting of restricted stock units.
• Following these transactions, Beitel directly owns 170,737 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into insider activity but doesn't necessarily indicate a broader trend or issue within the real estate or technology industry.

Stakeholder Impact

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

Key Dates

Keywords

Zillow Group, David Beitel, Class C Capital Stock, SEC Form 4, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock Units