Richard Barton reports 350,000 Zillow Class C share disposals in mid-$80s
Rhea-AI Filing Summary
Richard N. Barton reported multiple sales of Zillow Group Class C common stock on 08/14/2025 and 08/15/2025. The Form 4 shows six sale transactions totaling 350,000 Class C shares executed at weighted-average prices ranging from about $83.44 to $86.13. Individual sale lines show amounts sold of 40,220; 146,111; 13,669; 77,431; 22,569; and 50,000 shares. Post-transaction beneficial ownership figures are listed per line (for example, 1,003,028 and 2,573,794 shares shown on affected lines) and several indirect holdings are disclosed, including trusts and entities such as The Richard & Sarah Barton Irrevocable Trust and Barton Ventures II LLC. Explanations state the reported prices are weighted averages across multiple executions.
Positive
- Detailed disclosure of each sale with weighted-average price ranges increases transparency for investors
- Indirect ownerships identified (trusts and LLCs) clarify the structure of holdings and potential voting influence
Negative
- Substantial insider selling totaling 350,000 Class C shares across 08/14/2025–08/15/2025, which may be material to some investors
- No stated 10b5-1 plan or reason for sales is included in the filing text, so purpose of disposals is not disclosed
Insights
TL;DR: Insider reported multiple, sizable Class C share disposals disclosed with entity-level indirect ownerships; form provides weighted-average pricing details.
The filing documents clear, itemized dispositions by a director/officer across two consecutive dates with weighted-average sale prices and post-transaction beneficial ownership figures. It discloses multiple indirect ownership vehicles (irrevocable trusts, LLCs, grantor trust), which is important for understanding control and voting structure. The filing is procedurally complete in describing price ranges for multiple executions and identifying the nature of indirect holdings. The record does not state the purpose of the sales or any 10b5-1 plan; therefore no inference can be made about motivation.
TL;DR: Material aggregate insider sales of 350,000 Class C shares were executed at weighted-average prices near mid-$80s per share.
The transactions total 350,000 Class C shares sold across six reported trades with weighted-average prices spanning roughly $83.44 to $86.13. The form lists resulting beneficial ownership amounts on each line, showing both direct and indirect holdings remain substantial across trusts and entities. The filing supplies transaction-level price ranges in explanatory footnotes, which aids transparency for market participants tracking insider activity. No derivative transactions are reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class C Capital Stock | 77,431 | $85.5305 | $6.62M |
| Sale | Class C Capital Stock | 22,569 | $85.9347 | $1.94M |
| Sale | Class C Capital Stock | 50,000 | $85.7886 | $4.29M |
| Sale | Class C Capital Stock | 40,220 | $84.0593 | $3.38M |
| Sale | Class C Capital Stock | 146,111 | $85.1047 | $12.43M |
| Sale | Class C Capital Stock | 13,669 | $85.4924 | $1.17M |
| holding | Class C Capital Stock | -- | -- | -- |
| holding | Class C Capital Stock | -- | -- | -- |
| holding | Class C Capital Stock | -- | -- | -- |
Footnotes (1)
- The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $83.435 to $84.42. 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 $84.44 to $85.43. 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 $85.44 to $85.58. 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 $84.84 to $85.83. 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 $85.84 to $86.13. 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 $85.49 to $86.13. 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.
