Chief Accounting Officer rocks selling Class C Capital Stock units.

TLDR:

• Chief Accounting Officer Rock Jennifer sold $169,503 worth of Class C Capital Stock (3,208 units at $52.84), decreasing direct ownership by 4% to 76,486 units (SEC Form 4).
• This transaction was part of a tax withholding process upon the vesting of restricted stock units.

Article Summary:

Chief Accounting Officer Rock Jennifer recently sold $169,503 worth of Class C Capital Stock, consisting of 3,208 units at a price of $52.84 per unit. This transaction led to a 4% decrease in direct ownership, leaving Rock Jennifer with 76,486 units. The sale was made to cover tax withholding due upon the vesting of restricted stock units, as clarified in the SEC Form 4 filing.

In addition to Rock Jennifer’s transaction, other key stakeholders within Zillow Group, Inc. made stock transactions. CEO Jeremy Wacksman sold $596,263 worth of Class C Capital Stock, reducing direct ownership by 6% to 167,663 units. Similarly, General Counsel Bradley D. Owens sold $162,408 worth of Class C Capital Stock, decreasing direct ownership by 8% to 32,951 units.

The recent market insights indicate a trend of lower home sales and a broader selloff in tech stocks. However, there are positive signs in the housing market, with more property managers offering concessions as rental market cools and rental vacancy rates remaining steady.