Ziff Davis (ZD) CEO converts 43,664 RSUs, with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ziff Davis, Inc. Chief Executive Officer Vivek Shah reported equity award activity involving restricted stock units and common shares. On March 5, 2026, he exercised 43,664 restricted stock units, which converted into 43,664 shares of common stock.
A portion of these shares, 22,139 common shares at $43.65 per share, was disposed of to satisfy tax withholding obligations related to the vesting of the restricted stock units under the company’s 2024 Equity Incentive Plan. Following these transactions, Mr. Shah held 87,329 restricted stock units, 164,491 common shares directly, and additional common shares indirectly through family trusts, including the Vivek R Shah Revocable Trust and the Vivek R Shah Irrevocable Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
43,664 shares exercised/converted
Mixed
5 txns
Insider
Shah Vivek
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 43,664 | $0.00 | -- |
| Exercise | Common Stock $0.01 Par Value | 43,664 | $0.00 | -- |
| Tax Withholding | Common Stock $0.01 Par Value | 22,139 | $43.65 | $966K |
| holding | Common Stock $0.01 Par Value | -- | -- | -- |
| holding | Common Stock $0.01 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 87,329 shares (Direct);
Common Stock $0.01 Par Value — 370,832 shares (Indirect, See footnote.);
Common Stock $0.01 Par Value — 164,491 shares (Direct)
Footnotes (1)
- The number of shares indirectly owned by the Reporting Person has been adjusted to reflect a reconciliation to the Reporting Person's account records. Reflects shares held by the Vivek R Shah Revocable Trust, of which the Reporting Person is the beneficiary and trustee. Payment for a tax liability by withholding securities incident to vesting of a Restricted Stock Units ("RSUs") under the Issuer's 2024 Equity Incentive Plan. Reflects shares held by the Vivek R Shah Irrevocable Family Trust, of which the Reporting Person's spouse is the trustee and the Reporting Person's spouse and children are the beneficiaries. The number of shares directly owned by the Reporting Person has been adjusted to reflect a reconciliation to the Reporting Person's account records. RSUs convert into common stock on a one-for-one basis. There is no expiration date on RSUs.
FAQ
What did Ziff Davis (ZD) CEO Vivek Shah report in this Form 4?
Vivek Shah reported exercising 43,664 restricted stock units that converted into 43,664 Ziff Davis common shares. He also reported related tax withholding dispositions and updated direct and indirect share holdings, including positions held through family trusts.
How many restricted stock units did Vivek Shah convert into Ziff Davis common stock?
Vivek Shah converted 43,664 restricted stock units into 43,664 Ziff Davis common shares on March 5, 2026. The filing notes RSUs convert into common stock on a one-for-one basis, with no expiration date disclosed for these restricted stock units.
How are Vivek Shah’s indirect Ziff Davis holdings structured according to the Form 4?
The Form 4 states some shares are held by the Vivek R Shah Revocable Trust, where he is beneficiary and trustee. Other shares are held by the Vivek R Shah Irrevocable Family Trust, where his spouse is trustee and his spouse and children are beneficiaries, reflecting indirect ownership.