[Form 4] ZIFF DAVIS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Sarah Ann Fay, a director of Ziff Davis, Inc. (ZD), reported acquiring 1,354 shares of common stock on 09/15/2025 at a price of $36.89 per share. After the transaction she beneficially owned 23,619 shares. The Form 4 was signed by an attorney-in-fact on the reporting date. No derivative transactions or other changes were reported.

Insights

Securities Analyst

TL;DR: Director purchased shares; small, routine insider buy with limited market impact.

The reported purchase of 1,354 shares at $36.89 increases the director's stake to 23,619 shares, reflecting a direct acquisition rather than an option exercise or derivative transaction. The size of the purchase appears modest relative to typical outstanding share counts for public companies and lacks additional context such as a 10b5-1 plan. This filing is informative about insider activity but is not by itself materially impactful to valuation.

Corporate Governance Expert

TL;DR: Routine disclosure of a director's share purchase; governance implications are neutral.

The Form 4 shows compliance with Section 16 reporting by disclosing a direct purchase and updated beneficial ownership. There are no indications of related-party transactions, derivatives, or amendments. From a governance perspective, the filing demonstrates transparency but does not reveal strategic changes or executive-level shifts.

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

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

1. Name and Address of Reporting Person^*

FAY SARAH ANN

(Last) (First) (Middle)

C/O ZIFF DAVIS, INC.

360 PARK AVE S., 17TH FLOOR

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ZIFF DAVIS, INC. [ ZD ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock $0.01 Par Value	09/15/2025		P		1,354	A	$36.89	23,619	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Jeremy Rossen, as Attorney-In-Fact	09/15/2025
	** 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.

FAQ

What transaction did Sarah Ann Fay report on Form 4 for ZD?

She reported a purchase of 1,354 shares of Ziff Davis common stock on 09/15/2025 at $36.89 per share.

How many ZD shares does the reporting person own after the transaction?

The Form 4 reports 23,619 shares beneficially owned following the reported transaction.

Were any derivative securities or option transactions reported in this Form 4 for ZD?

No. Table II (derivative securities) contains no reported transactions; only a non-derivative purchase is disclosed.

Who signed the Form 4 for the reporting person?

The filing is signed by /s/ Jeremy Rossen, as Attorney-In-Fact on 09/15/2025.

What is the reporting person's relationship to Ziff Davis?

The form indicates the reporting person, Sarah Ann Fay, is a Director of Ziff Davis, Inc.