Form 4: Zillow Group General Counsel Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

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

Summary

• Bradley D. Owens, the General Counsel of Zillow Group, Inc., reported the sale of Class C Capital Stock.
• On February 13, 2025, 822 shares were sold at a weighted average price of $77.7423 per share to cover tax withholding upon vesting of restricted stock units.
• On February 18, 2025, 2,236 shares were sold at $79.97 per share under a Rule 10b5-1 trading plan adopted on August 21, 2023.
• Following these transactions, Owens directly owns 26,835 shares of Class C Capital Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales by an insider, which are not inherently positive or negative. The sales are partially to cover tax obligations and partially under a pre-arranged trading plan, suggesting routine transactions.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning or diversification strategies. The use of a 10b5-1 trading plan indicates that the sales were pre-planned and not based on any inside information.

Stakeholder Impact

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

Key Dates