Ziff Davis (NASDAQ: ZD) CFO sells 18,000 shares at ~$46.88 average price

Rhea-AI Filing Summary

Ziff Davis, Inc. Chief Financial Officer Bret Richter sold 18,000 shares of common stock in an open-market transaction. The sale occurred on June 10, 2026 at an average price of $46.88 per share, with individual trades ranging from $46.85 to $47.01. Following this transaction, Richter directly holds 29,244 shares of Ziff Davis common stock.

Insights

Equity compensation and insider-trading analyst

CFO executes a mid-sized open-market share sale while retaining a meaningful position.

The Ziff Davis Chief Financial Officer, Bret Richter, conducted an open-market sale of 18,000 common shares at an average price of $46.88 on June 10, 2026. The filing describes this as an open-market or private transaction sale, with trade prices between $46.85 and $47.01.

After the sale, Richter’s direct holdings stand at 29,244 shares, indicating he maintains ongoing equity exposure. The absence of derivative transactions or option exercises in this filing suggests a straightforward sale rather than an exercise-and-sell pattern. The filing does not reference a Rule 10b5-1 trading plan, so the timing appears discretionary based on the available information.

From an investment perspective, this is a single insider sale rather than a change in company fundamentals. The transaction size is limited to 18,000 shares, and no broader strategic or financial updates accompany this event in the provided content, so its impact on the overall investment thesis is modest.

Insider Trade Summary

Net Seller: 18,000 shares ($843,840)

Net Sell 1 txn

Insider RICHTER BRET

Role Chief Financial Officer

Sold 18,000 shs ($844K)

Type	Security	Shares	Price	Value
Sale	Common Stock $0.01 Par Value	18,000	$46.88	$844K

Holdings After Transaction: Common Stock $0.01 Par Value — 29,244 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 18,000 shares Average sale price: $46.88 per share Post-transaction holdings: 29,244 shares +2 more

5 metrics

Shares sold 18,000 shares Open-market sale on June 10, 2026

Average sale price $46.88 per share Common stock sale by CFO

Post-transaction holdings 29,244 shares CFO direct ownership after sale

Price range of trades $46.85–$47.01 per share Detailed in Form 4 footnote

Transaction code S Sale in open market or private transaction

Key Terms

open-market sale, Common Stock $0.01 Par Value, weighted average sale price, transaction code "S"

4 terms

open-market sale financial

"transaction_action: "open-market sale""

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.

Common Stock $0.01 Par Value financial

"security_title: "Common Stock $0.01 Par Value""

weighted average sale price financial

"The price reported is the average sale price of sales"

transaction code "S" regulatory

"transaction_code_description: "Sale in open market or private transaction""

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Form 4 Insider Transactions: What Each Field Means →

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^*

RICHTER BRET

(Last) (First) (Middle)

C/O ZIFF DAVIS, INC.

360 PARK AVE S., 17TH FL

(Street)

NEW YORK NEW YORK 10010

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock $0.01 Par Value	06/10/2026		S		18,000(1)	D	$46.88	29,244	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:

1. The price reported is the average sale price of sales ranging from $46.85 to $47.01 per share. The Reporting Person hereby undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

Remarks:

	/s/ Jeremy Rossen, as Attorney-in-fact	06/11/2026
	** 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)

FAQ

What did Ziff Davis (ZD) CFO Bret Richter report in this Form 4?

Ziff Davis CFO Bret Richter reported selling 18,000 shares of common stock in an open-market transaction. The sale was executed on June 10, 2026, and is disclosed as a routine Section 16 insider transaction without accompanying corporate news in the provided content.

How many Ziff Davis (ZD) shares did the CFO sell and at what price?

Bret Richter sold 18,000 shares of Ziff Davis common stock at an average price of $46.88 per share. A footnote explains that individual trades occurred between $46.85 and $47.01, and the reported price represents the weighted average sale price.

How many Ziff Davis (ZD) shares does the CFO hold after this sale?

After the reported sale, Bret Richter directly holds 29,244 shares of Ziff Davis common stock. This post-transaction balance shows he retains a meaningful equity stake in the company even after selling 18,000 shares in the June 10, 2026 transaction.

Was the Ziff Davis CFO sale done as an open-market transaction?

Yes. The Form 4 identifies the transaction as an open-market sale, with transaction code “S” and description “Sale in open market or private transaction.” The shares were sold around $46.88 per share, within a narrow trading range disclosed in the footnote.

Does the Ziff Davis Form 4 mention any options or derivative exercises?

No derivative transactions are listed in this Form 4. The filing only reports a single non-derivative transaction: an open-market sale of 18,000 common shares by the CFO, with no associated option exercises or conversions shown in the derivative summary data.

Does the Ziff Davis CFO Form 4 reference a Rule 10b5-1 trading plan?

The provided Form 4 data and footnote do not reference a Rule 10b5-1 trading plan. The only footnote explains that the reported price is a weighted average of sales between $46.85 and $47.01 per share, offering price detail but no trading-plan disclosure.