Beitel David A. 4
Research Summary
AI-generated summary
Zillow CTO David Beitel Sells 3,966 Shares
What Happened
David A. Beitel, Chief Technology Officer of Zillow Group, sold 3,966 shares on 2026-02-12 in an open-market transaction. The reported weighted-average price was $44.22, generating gross proceeds of approximately $175,379. The filing notes this sale was to cover tax withholding due upon vesting of restricted stock units, so it was a routine disposition rather than a new investment.
Key Details
- Transaction date: 2026-02-12; Form 4 filed 2026-02-13 (timely filing).
- Transaction type/code: Open-market sale (S); sale to cover tax withholding (footnote F1).
- Shares sold: 3,966; reported weighted-average price: $44.22; total ≈ $175,379.
- Price range: shares sold in multiple transactions at prices between $43.87 and $44.60 (footnote F2).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: filed the day after the trade (appears timely).
Context
This was a tax-withholding sale tied to RSU vesting (a common, routine insider sale) rather than a discretionary market-timing sale. Such transactions typically reflect tax obligations and do not necessarily signal insider sentiment about the company.