Form 4: Zillow Group's Co-Executive Chairman Lloyd Frink Executes Stock Option and Sells Shares

Lloyd Frink, Co-Executive Chairman & President and Co-Founder of Zillow Group, exercised stock options and sold Class A and Class C shares on August 9, 2024.

Summary

• On August 9, 2024, Lloyd D Frink, Co-Executive Chairman & President and Co-Founder of Zillow Group, exercised stock options to acquire 50,000 shares of Class A Common Stock and 100,000 shares of Class C Capital Stock.
• Frink also sold 49,300 shares of Class A Common Stock at a weighted average price of $49.5416, 700 shares of Class A Common Stock at a weighted average price of $49.7596, and 100,000 shares of Class C Capital Stock at a weighted average price of $51.4754.
• Following these transactions, Frink directly owns 50,582 shares of Class A Common Stock and 2,383,189 shares of Class C Capital Stock.
• Frink also indirectly owns 797,765 shares of Class C Capital Stock and 658,134 shares of Class A Common Stock through the Frink Descendants' Trust, and 21,875 shares of Class A Common Stock each through the Elliott Frink 2020 Trust and the Ethan Frink 2020 Trust.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and provides transparency into the trading activities of Zillow Group's executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• The vesting schedule described for the stock options is a common practice in equity compensation plans.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates