Form 4: Zillow Group General Counsel Bradley D. Owens Sells Shares to Cover Tax Obligations

Bradley D. Owens, General Counsel of Zillow Group, Inc., sold shares of Class C Capital Stock to cover tax withholding obligations and pursuant to a pre-arranged trading plan.

Summary

• On August 14, 2024, Bradley D. Owens, General Counsel of Zillow Group, Inc., sold 281 shares of Class C Capital Stock at a weighted average price of $52.5757.
• On the same day, Owens sold an additional 471 shares of Class C Capital Stock at a weighted average price of $53.4653.
• On August 16, 2024, Owens sold 2,308 shares of Class C Capital Stock at a weighted average price of $53.0554.
• These sales were executed to cover tax withholding obligations upon the vesting of restricted stock units and pursuant to a Rule 10b5-1 trading plan adopted on August 21, 2023.
• Following these transactions, Owens directly owns 32,951 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by an insider. It doesn't inherently convey positive or negative sentiment, as the transactions are related to tax obligations and a pre-arranged trading plan.

Industry Context

This filing is a routine disclosure of stock sales by a company insider, which is a common occurrence in publicly traded companies. It provides transparency into the trading activities of key personnel.

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 number of shares sold.

Key Dates