Form 4: Zillow Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Errol G. Samuelson, Chief Industry Development Officer at Zillow Group, sold 8,972 shares of Class C Capital Stock on May 15, 2024, to cover tax withholding upon vesting of restricted stock units.
Summary
- On May 15, 2024, Errol G. Samuelson, Chief Industry Development Officer of Zillow Group, Inc., sold 8,972 shares of Class C Capital Stock.
- The sale was executed at a weighted average price of $44.1679 per share.
- The prices for individual transactions ranged from $43.85 to $44.64.
- The sale was to cover tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Samuelson directly owns 159,891 shares of Zillow Group's Class C Capital Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction appears to be a routine sale to cover tax obligations.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. The sale itself doesn't necessarily indicate a negative outlook on the company's future.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the stock sale transaction. |
| 05/17/2024 | Date of signature for the SEC filing. |
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