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ZILLOW GROUP, INC.·4

Feb 17, 5:43 PM ET

Wacksman Jeremy 4

Research Summary

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Updated

Zillow CEO Jeremy Wacksman Sells 18,390 Shares

What Happened Jeremy Wacksman, CEO of Zillow Group (Z / ZG), disposed of a total of 18,390 shares in two open-market sales on Feb 12 and Feb 17, 2026. The Feb 12 sale was 4,729 shares at a reported weighted average price of $44.20 for proceeds of $209,036; the Feb 17 sale was 13,661 shares at a reported weighted average price of $44.25 for proceeds of $604,553. Total proceeds across both transactions were about $813,589. These were sales (not purchases); one sale was to cover tax withholding on vested RSUs and the larger sale was executed under a pre-existing 10b5‑1 trading plan.

Key Details

  • Transaction dates and amounts:
    • 2026-02-12: Sold 4,729 shares @ $44.20 (weighted avg) — $209,036. (Footnotes indicate this sale was to cover tax withholding on vested RSUs.)
    • 2026-02-17: Sold 13,661 shares @ $44.25 (weighted avg) — $604,553. (Footnote: effected pursuant to a Rule 10b5‑1 trading plan adopted Feb 13, 2025.)
  • Reported price ranges (weighted averages):
    • Feb 12 sale price range reported as $43.85–$44.61 (full breakdown available on request).
    • Feb 17 sale price range reported as $43.92–$44.80 (full breakdown available on request).
  • Filing/timeliness: Form 4 was filed on 2026-02-17. The Feb 12 sale appears to have been reported one business day late (due date would generally be 2 business days after the transaction).
  • Shares owned after the transactions: not specified in the supplied filing details.

Context

  • Tax-withholding sales (like the Feb 12 sale) are routine: shares are commonly sold to cover employee tax obligations when RSUs vest and do not necessarily signal a change in insider sentiment.
  • Sales under a Rule 10b5‑1 plan (like the Feb 17 sale) are pre-planned, automated dispositions that help insiders avoid timing accusations; they are also generally considered routine.
  • For retail investors: purchases are typically more informative about insider conviction than routine sales. All details above are factual disclosures from the Form 4; motivations beyond the filing notes are not stated.