Spaulding Dan 4
4 · ZILLOW GROUP, INC. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Zillow (Z) CPO Dan Spaulding Sells Shares
What Happened
Dan Spaulding, Chief People Officer of Zillow Group, sold a total of 9,262 shares in two open-market transactions: 3,901 shares on 2026-02-12 at $44.19 ($172,393) and 5,361 shares on 2026-02-17 at a weighted average $43.95 ($235,616). Proceeds from the two sales total roughly $408,009. These sales were reported as dispositions (S) and were made to satisfy tax withholding obligations on vested restricted stock units (RSUs).
Key Details
- Transaction dates and prices:
- 2026-02-12 — 3,901 shares @ $44.19; proceeds $172,393.
- 2026-02-17 — 5,361 shares @ weighted avg $43.95 (sales ranged $43.86–$44.66); proceeds $235,616. (F2)
- Total sold: 9,262 shares for approx. $408,009.
- Shares owned after transaction: Not disclosed in this filing.
- Notable footnotes:
- F1: Shares sold to cover tax withholding on vested RSUs.
- F2: Reported price is a weighted average; individual trade prices ranged $43.86–$44.66.
- F3: The 2/17 sale was effected pursuant to a Rule 10b5-1 trading plan adopted 2024-08-30.
- Filing date: Form 4 filed 2026-02-17 (timing appears consistent with the reported transactions).
Context
Sales to cover tax withholding on vested RSUs are routine and do not necessarily indicate a change in an insider’s view of the company. The use of a 10b5-1 plan signals that at least some trades were pre‑planned rather than opportunistic. For retail investors, purchases generally carry more informational weight than routine withholding sales.
Insider Transaction Report
- Sale
Class C Capital Stock
[F1][F2]2026-02-12$44.19/sh−3,901$172,393→ 46,441 total - Sale
Class C Capital Stock
[F3]2026-02-17$43.95/sh−5,361$235,616→ 41,080 total
Footnotes (3)
- [F1]Represents shares sold to cover tax withholding due upon vesting of restricted stock units.
- [F2]The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $43.86 to $44.66. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F3]The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2024.