Form 4: Zillow Group's Chief Technology Officer Sells Shares to Cover Tax Obligations

David A. Beitel, Chief Technology Officer of Zillow Group, sold shares of Class C Capital Stock to cover tax withholding obligations upon the vesting of restricted stock units.

Summary

• David A. Beitel, the Chief Technology Officer of Zillow Group, Inc., reported the sale of Class C Capital Stock on February 13, 2025.
• A total of 2,025 shares were sold in two transactions to cover tax withholding requirements related to the vesting of restricted stock units.
• The first transaction involved the sale of 1,935 shares at a weighted average price of $77.7271, with individual prices ranging from $77.15 to $78.13.
• The second transaction involved the sale of 90 shares at a price of $78.335.
• Following these transactions, Beitel directly owns 151,046 shares of Class C Capital Stock.
• The sales were executed to satisfy tax obligations arising from the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

This filing is a routine disclosure of insider stock sales, which are common for executives who receive stock-based compensation. The sales are often timed to cover tax liabilities associated with the vesting of stock awards.

Stakeholder Impact

• The stock sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares and is related to tax obligations.

Key Dates