Zillow (Z) CEO Jeremy Wacksman Sells 15,125 Shares

What Happened
Jeremy Wacksman, CEO of Zillow Group, sold a total of 15,125 shares in two open‑market transactions: 5,786 shares on 2026-08-13 at $34.24 each for $198,127, and 9,339 shares on 2026-08-17 at $34.18 each for $319,176. Total proceeds were approximately $517,303. Both transactions are reported as sales (S).

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-08-13: 5,786 shares @ $34.24 — $198,127 (sale).
  • 2026-08-17: 9,339 shares @ $34.18 — $319,176 (sale).
• Footnotes of note:
  • Some shares were sold to cover tax withholding on vested restricted stock units (tax withholding / F1).
  • The 8/17 sale was effected under a Rule 10b5-1 trading plan adopted Feb 20, 2026 (F3).
  • Reported prices are weighted averages across multiple transactions; price ranges were disclosed and the reporting person can provide per‑trade details on request (F2, F4).
• Shares owned after the transactions: not specified in the provided filing.
• Filing timeline: Form 4 was filed on 2026-08-17. Insiders generally must file within two business days of a transaction — the 8/13 sale was reported four days later, while the 8/17 sale was filed the same day.

Context

• Sales to cover tax withholding on vested RSUs and sales under a prearranged 10b5‑1 plan are common and often routine; they do not necessarily signal a change in insider sentiment.
• A 10b5‑1 plan allows scheduled trades that can provide an affirmative defense against accusations of trading on material nonpublic information when properly established.