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ZILLOW GROUP, INC.·4

Mar 3, 5:03 PM ET

BLACHFORD ERIK C 4

Research Summary

AI-generated summary

Updated

Zillow Director Erik Blachford Sells 966 Shares

What Happened

  • Erik C. Blachford, a director of Zillow Group (Z / ZG), sold 966 shares in an open-market transaction on 2026-03-03 at $42.85 per share for proceeds of $41,393. The sale was executed pursuant to a pre-established Rule 10b5-1 trading plan.
  • The Form 4 also reports acquisitions: a grant of 3,166 restricted stock units (RSUs) on 2026-03-01 and a derivative grant of 9,498 shares (an option-like award) on 2026-03-01 — both shown at $0.00 since they are equity awards. Separately, 8,417 shares were transferred (disposed) on 2026-03-02 to the reporting person’s former spouse in connection with a divorce settlement.

Key Details

  • Transaction dates and prices:
    • 2026-03-03: Open-market sale (S) — 966 shares @ $42.85 = $41,393 (pursuant to Rule 10b5-1 plan).
    • 2026-03-01: Award/grant (A) — 3,166 RSUs @ $0.00 (vesting schedule in footnote).
    • 2026-03-01: Derivative grant (A) — 9,498 shares @ $0.00 (option-style award per footnote).
    • 2026-03-02: Other disposition (J) — 8,417 shares @ $0.00 (transfer to former spouse).
  • Shares owned after the transactions: Not disclosed in the filing excerpt.
  • Notable footnotes:
    • F1: RSUs (3,166) vest 1/4 every three months and fully vest after one year.
    • F4: The derivative award vests 1/4 every three months and is fully exercisable after one year.
    • F2: The 8,417-share disposition was a transfer to the reporting individual’s former spouse (divorce settlement).
    • F3: The open-market sale was effected under a Rule 10b5-1 trading plan adopted March 7, 2025.
  • Timeliness: Filing dated 2026-03-03 covering transactions through 2026-03-01–03; no late filing indication in the report.

Context

  • The open-market sale was executed under a pre-arranged 10b5-1 plan, which typically automates sales and is not an immediate signal of changed sentiment.
  • The RSU and derivative grants have time-based vesting over ~1 year (quarterly vesting), which is standard for retention/incentive awards.
  • The transfer of shares due to a divorce settlement is a personal/legal matter and should not be read as a trading decision about Zillow stock.