ZILLOW GROUP, INC.·4

May 15, 5:07 PM ET

Beitel David A. 4

Research Summary

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Zillow (Z, ZG) CTO David Beitel Sells Shares

What Happened

  • David A. Beitel, Chief Technology Officer of Zillow Group, sold a total of 1,879 shares in open-market transactions on May 14, 2026 to cover tax withholding resulting from RSU vesting.
  • The sales consisted of 1,729 shares at a weighted-average price of $37.86 for $65,468 and 150 shares at a weighted-average price of $38.74 for $5,811, totaling roughly $71,279. These were disposals (sales), a routine liquidity action tied to taxes rather than a purchase-based bullish signal.

Key Details

  • Transaction date: May 14, 2026 (filed May 15, 2026) — appears timely under standard Form 4 rules.
  • Prices reported as weighted averages; detailed price ranges: 1,729-share block sold between $37.55–$38.45 (footnote F2), 150-share block sold between $38.72–$38.7650 (footnote F3).
  • Reason: Footnote F1 indicates the shares were sold to cover tax withholding on vested restricted stock units (RSUs). (Transaction code: S; tax-withholding context: F.)
  • Shares owned after the transaction: not disclosed in the provided filing excerpt.

Context

  • Sales to cover tax withholding on RSU vesting are common and typically routine; they do not necessarily indicate the insider’s view on the company’s prospects.
  • These were open-market sales (not a 10b5-1 purchase plan or gift), and the filing indicates the reporter can provide per-price breakdowns on request.