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

Bradley Owens, General Counsel of Zillow Group, sold shares of Class C Capital Stock on May 14 and 16, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Bradley Owens, the General Counsel of Zillow Group, Inc., reported the sale of Class C Capital Stock on May 14 and 16, 2025.
• The sales were executed to cover tax withholding obligations arising from the vesting of restricted stock units.
• On May 14, 2025, Owens sold 974 shares at a weighted average price of $68.6027 and 180 shares at a weighted average price of $69.4867.
• On May 16, 2025, he sold 3,325 shares at a weighted average price of $68.9423 and 141 shares at a weighted average price of $69.4749.
• The sales on May 16, 2025, were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 21, 2023.
• Following these transactions, Owens directly owns 47,215 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales for tax purposes, and does not contain information that would significantly impact investor sentiment.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The use of a pre-arranged Rule 10b5-1 trading plan suggests the sales were planned and not based on inside information.

Stakeholder Impact

• The stock sales may have a minor dilutive effect on existing shareholders.

Key Dates

Keywords

Zillow Group, Bradley Owens, Class C Capital Stock, SEC Form 4, Insider Trading, Stock Sale, Tax Withholding, Rule 10b5-1