[Form 4] ZILLOW GROUP INC CLASS A Insider Trading Activity
Gordon Stephenson, a Zillow Group director, reported an option exercise and contemporaneous sale of Class C shares. The filing shows an exercise of stock options with an exercise price of $21.46 to acquire 6,835 Class C shares and a subsequent sale of 6,835 Class C shares in multiple transactions at a weighted average sale price of $82.0787 (range $82.04–$82.20). The option referenced a grant dated 03/01/2016 with a 03/01/2026 expiration and was identified as fully vested. After these transactions the reporting person beneficially owned 28,290 Class C shares directly and 40,000 indirectly through Stephenson Family LLC.
Gordon Stephenson, direttore di Zillow Group, ha comunicato l'esercizio di un'opzione e la contestuale vendita di azioni di Classe C. La comunicazione indica l'esercizio di opzioni con prezzo d'esercizio di $21.46 per acquisire 6,835 azioni di Classe C e la successiva vendita di 6,835 azioni di Classe C in più transazioni a un prezzo medio ponderato di vendita di $82.0787 (intervallo $82.04–$82.20). L'opzione faceva riferimento a una concessione datata 03/01/2016 con scadenza 03/01/2026 ed è stata indicata come completamente maturata. Dopo queste operazioni la persona che ha presentato la comunicazione possedeva beneficiariamente 28,290 azioni di Classe C direttamente e 40,000 indirettamente tramite Stephenson Family LLC.
Gordon Stephenson, director de Zillow Group, informó el ejercicio de una opción y la venta simultánea de acciones Clase C. El informe muestra el ejercicio de opciones con precio de ejercicio de $21.46 para adquirir 6,835 acciones Clase C y la posterior venta de 6,835 acciones Clase C en múltiples transacciones a un precio de venta medio ponderado de $82.0787 (rango $82.04–$82.20). La opción hacía referencia a una concesión fechada el 03/01/2016 con vencimiento el 03/01/2026 y fue identificada como totalmente adquirida (fully vested). Tras estas operaciones, la persona informante poseía beneficiariamente 28,290 acciones Clase C directamente y 40,000 de forma indirecta a través de Stephenson Family LLC.
Zillow Group 이사 Gordon Stephenson은 옵션 행사와 동시에 클래스 C 주식의 매각을 보고했습니다. 제출 서류에 따르면 행사가 $21.46의 주식 옵션을 행사하여 클래스 C 주식 6,835주를 취득하고, 이어서 클래스 C 주식 6,835주를 여러 건의 거래로 매도했으며 가중평균 매도가격은 $82.0787(범위 $82.04–$82.20)이었습니다. 해당 옵션은 03/01/2016에 부여되어 만료일은 03/01/2026이며, 완전 취득(fully vested)된 것으로 표시되었습니다. 이 거래들 이후 보고인은 직접적으로 28,290주의 클래스 C 주식을 보유하고, Stephenson Family LLC를 통해 간접적으로 40,000주를 보유하고 있었습니다.
Gordon Stephenson, administrateur de Zillow Group, a signalé l'exercice d'une option et la vente concomitante d'actions de catégorie C. Le dossier indique l'exercice d'options d'achat au prix d'exercice de 21,46 $ pour acquérir 6,835 actions de catégorie C, puis la vente de 6,835 actions de catégorie C dans plusieurs transactions à un prix de vente moyen pondéré de 82,0787 $ (intervalle 82,04 $–82,20 $). L'option faisait référence à une attribution datée du 03/01/2016, expirant le 03/01/2026, et a été mentionnée comme entièrement acquise (fully vested). Après ces opérations, la personne déclarante détenait bénéficiairement 28,290 actions de catégorie C directement et 40,000 indirectement via Stephenson Family LLC.
Gordon Stephenson, Direktor der Zillow Group, meldete die Ausübung einer Option und den gleichzeitigen Verkauf von Class-C-Aktien. Die Meldung weist die Ausübung von Aktienoptionen mit einem Ausübungspreis von $21.46 zur Erlangung von 6,835 Class-C-Aktien aus und den anschließenden Verkauf von 6,835 Class-C-Aktien in mehreren Transaktionen zu einem gewichteten durchschnittlichen Verkaufspreis von $82.0787 (Spanne $82.04–$82.20). Die Option bezog sich auf eine Zuteilung vom 03/01/2016 mit Ablaufdatum 03/01/2026 und wurde als vollständig vested (vollständig erworben) ausgewiesen. Nach diesen Transaktionen hielt die meldende Person unmittelbar 28,290 Class-C-Aktien und 40,000 indirekt über Stephenson Family LLC.
- Option was fully vested, and exercise details are disclosed (exercise price $21.46, grant date 03/01/2016, expiration 03/01/2026).
- Sale reported with specific pricing: a weighted average sale price of $82.0787 and a disclosed range of $82.04–$82.20.
- Director sold 6,835 Class C shares, reducing direct beneficial ownership to 28,290 shares.
- Disposition reported may be interpreted by some investors as a liquidity event rather than additional long-term accumulation.
Insights
TL;DR: Exercise and sale of 6,835 shares; sale price well above exercise price, leaving direct holdings of 28,290 and 40,000 indirect.
The Form 4 discloses a routine option exercise and immediate disposition of the resulting shares. The exercise price was $21.46 and the shares were sold at a weighted average price of $82.0787, an outcome that realizes the intrinsic value in the grant. The disclosure also documents the option grant date (03/01/2016) and an expiration date (03/01/2026), and notes the option was fully vested. For investors, this is a clear, itemized insider liquidity event rather than a governance or compliance exception.
TL;DR: Disclosure is complete and standard: vested option exercised, sale disclosed with price range, indirect holdings declared.
The filing provides the key governance elements investors expect: relationship to issuer (Director), nature of transactions (option exercise and sale), vesting status, and indirect ownership through Stephenson Family LLC. The signature is executed by an Attorney-in-Fact, consistent with authorized reporting procedures. The report does not disclose any unusual restrictions or undisclosed transfers; it reads as a routine insider liquidity event with full disclosure of amounts and prices.
Gordon Stephenson, direttore di Zillow Group, ha comunicato l'esercizio di un'opzione e la contestuale vendita di azioni di Classe C. La comunicazione indica l'esercizio di opzioni con prezzo d'esercizio di $21.46 per acquisire 6,835 azioni di Classe C e la successiva vendita di 6,835 azioni di Classe C in più transazioni a un prezzo medio ponderato di vendita di $82.0787 (intervallo $82.04–$82.20). L'opzione faceva riferimento a una concessione datata 03/01/2016 con scadenza 03/01/2026 ed è stata indicata come completamente maturata. Dopo queste operazioni la persona che ha presentato la comunicazione possedeva beneficiariamente 28,290 azioni di Classe C direttamente e 40,000 indirettamente tramite Stephenson Family LLC.
Gordon Stephenson, director de Zillow Group, informó el ejercicio de una opción y la venta simultánea de acciones Clase C. El informe muestra el ejercicio de opciones con precio de ejercicio de $21.46 para adquirir 6,835 acciones Clase C y la posterior venta de 6,835 acciones Clase C en múltiples transacciones a un precio de venta medio ponderado de $82.0787 (rango $82.04–$82.20). La opción hacía referencia a una concesión fechada el 03/01/2016 con vencimiento el 03/01/2026 y fue identificada como totalmente adquirida (fully vested). Tras estas operaciones, la persona informante poseía beneficiariamente 28,290 acciones Clase C directamente y 40,000 de forma indirecta a través de Stephenson Family LLC.
Zillow Group 이사 Gordon Stephenson은 옵션 행사와 동시에 클래스 C 주식의 매각을 보고했습니다. 제출 서류에 따르면 행사가 $21.46의 주식 옵션을 행사하여 클래스 C 주식 6,835주를 취득하고, 이어서 클래스 C 주식 6,835주를 여러 건의 거래로 매도했으며 가중평균 매도가격은 $82.0787(범위 $82.04–$82.20)이었습니다. 해당 옵션은 03/01/2016에 부여되어 만료일은 03/01/2026이며, 완전 취득(fully vested)된 것으로 표시되었습니다. 이 거래들 이후 보고인은 직접적으로 28,290주의 클래스 C 주식을 보유하고, Stephenson Family LLC를 통해 간접적으로 40,000주를 보유하고 있었습니다.
Gordon Stephenson, administrateur de Zillow Group, a signalé l'exercice d'une option et la vente concomitante d'actions de catégorie C. Le dossier indique l'exercice d'options d'achat au prix d'exercice de 21,46 $ pour acquérir 6,835 actions de catégorie C, puis la vente de 6,835 actions de catégorie C dans plusieurs transactions à un prix de vente moyen pondéré de 82,0787 $ (intervalle 82,04 $–82,20 $). L'option faisait référence à une attribution datée du 03/01/2016, expirant le 03/01/2026, et a été mentionnée comme entièrement acquise (fully vested). Après ces opérations, la personne déclarante détenait bénéficiairement 28,290 actions de catégorie C directement et 40,000 indirectement via Stephenson Family LLC.
Gordon Stephenson, Direktor der Zillow Group, meldete die Ausübung einer Option und den gleichzeitigen Verkauf von Class-C-Aktien. Die Meldung weist die Ausübung von Aktienoptionen mit einem Ausübungspreis von $21.46 zur Erlangung von 6,835 Class-C-Aktien aus und den anschließenden Verkauf von 6,835 Class-C-Aktien in mehreren Transaktionen zu einem gewichteten durchschnittlichen Verkaufspreis von $82.0787 (Spanne $82.04–$82.20). Die Option bezog sich auf eine Zuteilung vom 03/01/2016 mit Ablaufdatum 03/01/2026 und wurde als vollständig vested (vollständig erworben) ausgewiesen. Nach diesen Transaktionen hielt die meldende Person unmittelbar 28,290 Class-C-Aktien und 40,000 indirekt über Stephenson Family LLC.
FAQ
What transactions did Gordon Stephenson report on the Form 4 for ZG?
How many Zillow (ZG) shares does Stephenson beneficially own after the reported transactions?
What were the option terms disclosed on the Form 4 (exercise price, grant and expiration)?
At what prices were the shares sold according to the filing?
What is the reporting person’s relationship to Zillow (ZG)?
Who signed the Form 4 on behalf of the reporting person?
