Zillow Group (NASDAQ: Z) CFO receives 180,000 options and 20,000 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zillow Group’s Chief Financial Officer Jeremy Hofmann received new equity awards. He was granted stock options for 180,000 shares at an exercise price of $0.00 per share and 20,000 shares of Class C capital stock as restricted stock units, both vesting in 16 equal quarterly installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hofmann Jeremy
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 180,000 | $0.00 | -- |
| Grant/Award | Class C Capital Stock | 20,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 180,000 shares (Direct);
Class C Capital Stock — 77,487 shares (Direct)
Footnotes (1)
- Represents a grant of restricted stock units that will vest as to 1/16th of the total amount of shares subject to the grant on each of the issuer's quarterly vesting dates until the restricted stock units are fully vested. Date at which first vesting occurs is indicated. 1/16th of the total number of shares subject to the option become exercisable at the first vesting date and an additional 1/16th become exercisable on each issuer quarterly vesting date occurring thereafter until the option is fully vested.
FAQ
What insider transactions did Zillow Group (Z) report for Jeremy Hofmann?
Zillow Group reported that Chief Financial Officer Jeremy Hofmann acquired 180,000 stock options and 20,000 restricted stock units of Class C capital stock. Both awards were granted at an exercise or purchase price of $0.00 per share as part of his equity compensation.
How do Jeremy Hofmann’s new Zillow (Z) stock options vest?
Hofmann’s 180,000 stock options vest over time, with 1/16th of the total options becoming exercisable on the first vesting date. An additional 1/16th vests on each subsequent quarterly vesting date until all options are fully vested according to the award terms.
How do Jeremy Hofmann’s Zillow (Z) restricted stock units vest?
The 20,000 restricted stock units of Class C capital stock vest gradually. 1/16th of the total RSUs vests on each of Zillow’s quarterly vesting dates. This continues until all 20,000 RSUs are fully vested, aligning vesting with the company’s regular quarterly schedule.
What is the exercise price of Jeremy Hofmann’s new Zillow (Z) stock options?
The newly granted stock options to Jeremy Hofmann carry an exercise price of $0.00 per share. This indicates the options were awarded as part of compensation, allowing him to acquire shares without paying a cash exercise price when the options vest and are exercised.
Are Jeremy Hofmann’s Zillow (Z) equity awards a market purchase or a grant?
The Form 4 shows these are equity grants, not market purchases. Both the 180,000 stock options and 20,000 restricted stock units were coded as awards, with an acquisition code and a $0.00 per share price, indicating compensation-based issuance rather than open-market buying.