At what prices did the Zillow (Z) insider tax-related sales occur?

The 1,879 Zillow Class C shares were sold in two weighted-average price groups around $37.86 and $38.74. Footnotes state each group comprised multiple trades within ranges from $37.55 to $38.45 and from $38.72 to $38.7650 per share.

Were David Beitel’s Zillow (Z) share sales discretionary or tax-related?

The filing states the 1,879 Zillow Class C shares were sold to cover tax withholding due when restricted stock units vested. That language indicates the disposition was driven by tax obligations associated with equity compensation, rather than a discretionary open-market sale decision.

Zillow (Z) CTO Beitel sells 1,879 Class C shares to cover RSU tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Zillow Group, Inc. Chief Technology Officer David A. Beitel reported selling 1,879 shares of Class C Capital Stock on May 14, 2026. The filing explains these shares were sold to cover tax withholding due upon vesting of restricted stock units, making this a routine, tax-related transaction rather than a discretionary sale.

The shares were sold in two weighted-average price tranches at approximately $37.86 and $38.74 per share, across multiple trades within disclosed ranges. After these transactions, Beitel directly holds 134,811 shares of Zillow Class C stock, indicating the sale represents only a small portion of his overall position.

Insider Trade Summary

Net Seller: 1,879 shares ($71,279)

Net Sell 2 txns

Insider Beitel David A.

Role Chief Technology Officer

Sold 1,879 shs ($71K)

Type	Security	Shares	Price	Value
Sale	Class C Capital Stock	1,729	$37.8644	$65K
Sale	Class C Capital Stock	150	$38.741	$6K

Holdings After Transaction: Class C Capital Stock — 134,961 shares (Direct, null)

Footnotes (1)

Represents shares sold to cover tax withholding due upon vesting of restricted stock units. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $37.55 to $38.45. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $38.72 to $38.7650. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

Key Figures

Shares sold for tax withholding: 1,879 shares First tranche sold: 1,729 shares Second tranche sold: 150 shares +3 more

6 metrics

Shares sold for tax withholding 1,879 shares Class C Capital Stock sold on May 14, 2026

First tranche sold 1,729 shares Weighted average price $37.8644 per share, multiple trades

Second tranche sold 150 shares Weighted average price $38.7410 per share, multiple trades

Post-transaction holdings 134,811 shares Directly held Zillow Class C Capital Stock after sales

Lower price range $37.55–$38.45 Price range for one weighted-average sale group

Higher price range $38.72–$38.7650 Price range for second weighted-average sale group

Key Terms

restricted stock units, weighted average sale price, Class C Capital Stock, open-market sale

4 terms

restricted stock units financial

"Represents shares sold to cover tax withholding due upon vesting of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

weighted average sale price financial

"The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $37.55 to $38.45."

Class C Capital Stock financial

"security_title: Class C Capital Stock for both reported transactions."

open-market sale financial

"transaction_action: open-market sale, with code S indicating a sale transaction."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 05:07 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Beitel David A.

(Last)

(First)

(Middle)

C/O ZILLOW GROUP, INC.

1301 SECOND AVENUE, FLOOR 36

(Street)

SEATTLE

WASHINGTON

98101

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ZILLOW GROUP, INC. [ Z AND ZG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class C Capital Stock	05/14/2026		S		1,729⁽¹⁾	D	$37.8644⁽²⁾	134,961	D
Class C Capital Stock	05/14/2026		S		150⁽¹⁾	D	$38.741⁽³⁾	134,811	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares sold to cover tax withholding due upon vesting of restricted stock units.

2. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $37.55 to $38.45. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

3. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $38.72 to $38.7650. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

Remarks:

	/s/ Shannon Cartales Attorney-in-Fact	05/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Zillow (Z) CTO David Beitel report?

David A. Beitel reported selling 1,879 shares of Zillow Class C Capital Stock. The sale occurred on May 14, 2026 and was made to cover tax withholding obligations triggered by the vesting of restricted stock units, according to the filing’s footnotes.

How many Zillow (Z) shares does CTO David Beitel hold after this Form 4?

Following the tax-related sales, David A. Beitel directly holds 134,811 shares of Zillow Class C Capital Stock. This indicates the 1,879 shares sold to cover tax withholding represent a relatively small fraction of his remaining equity position in the company.

What does Zillow (Z) mean by weighted average sale price in this Form 4?

The weighted average sale prices reflect that the reported shares were sold through multiple trades at different prices. Footnotes explain the averages and give price ranges, and state the reporting person will provide full trade-by-trade detail to interested parties upon request.