Beitel David A. 4
Research Summary
AI-generated summary
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.