Form 4: Zillow Officer Sells Shares for Tax Withholding

Zillow Group's Chief Accounting Officer, Jennifer Rock, sold 2,164 shares of Class C Capital Stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Jennifer Rock, Chief Accounting Officer of Zillow Group, Inc. (Z and ZG), reported a transaction involving the sale of company stock.
• On February 12, 2026, Rock disposed of 2,164 shares of Class C Capital Stock.
• The shares were sold at a weighted average price of $44.2233 per share, with individual transactions ranging from $43.87 to $44.60.
• The purpose of the sale was to cover tax withholding obligations upon the vesting of restricted stock units.
• Following this transaction, Jennifer Rock beneficially owns 39,026 shares of Class C Capital Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a standard procedure for tax withholding on vested restricted stock units and does not reflect a discretionary decision by management regarding the company's valuation or future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The sale represents shares sold to cover tax withholding due upon vesting of restricted stock units.

Industry Context

StockSavvy.ai notes that insider sales for tax withholding purposes are a common and routine event for executives receiving equity compensation. These transactions are typically non-discretionary and are generally not interpreted as a signal of management's sentiment regarding the company's future prospects or stock performance, unlike open market discretionary sales.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in management's confidence or a significant shift in ownership structure.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by a Zillow Group officer to cover tax obligations associated with restricted stock unit vesting. Such transactions are common and do not typically signal a change in the company's fundamentals or management's outlook. Therefore, it provides no new information that would warrant a change in an existing investment thesis, leading to a 'hold' recommendation.

Keywords

Zillow Group, Zillow, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Jennifer Rock, Chief Accounting Officer, Restricted Stock Units