Form 4: Zillow Group President Sells Shares to Cover Tax Obligations

Susan Daimler, President of Zillow Group, sold shares of Class C Capital Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 15, 2024, Susan Daimler, President of Zillow Group, sold 5,786 shares of Class C Capital Stock at a weighted average price of $44.2189 per share.
• An additional 2,832 shares were sold on the same day at a weighted average price of $44.2355 per share.
• On May 17, 2024, 4,931 shares held indirectly by her spouse were sold at a weighted average price of $44.2935.
• These sales were executed to cover tax withholding due upon the vesting of restricted stock units.
• Following these transactions, Susan Daimler directly owns 35,572 shares and her spouse indirectly owns 19,556 shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing, indicating stock sales for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The impact on the stock price is usually minimal unless the sale is substantial or indicative of a change in the executive's confidence in the company.

Stakeholder Impact

• The stock sales may have a minor dilutive effect on existing shareholders, but the impact is likely to be insignificant given the relatively small number of shares involved.

Key Dates