Insider Cluster (6 insiders) ·Filed Aug 17, 2026

ZG

ZILLOW GROUP, INC.
BEARISH
Impact 5/10
Horizonweeks Processed1mo ago
Insider cluster: 6 insiders, $0.8M total
Actionable Insight ▼ Bearish

Six Zillow insiders, including the CEO, COO/CFO, CTO, and other C-suite executives, sold a total of ~$828K in open-market sales over a one-week window. This is a significant cluster of selling by top management, with the CEO alone selling $319K. While the dollar amount is modest relative to the $8.2B market cap (~0.01%), the breadth of C-suite participation and the concentration of sales by the CEO and CFO on the same day is notable and warrants attention, especially given the prior historical report on ZG showed a negative T+20 outcome on a bullish call, suggesting caution on the stock.

DirectionBearish
Confidencemedium
Horizonweeks
Latest settled — T+20d ⚠ clustered
ZG ▼ -9.30% at T+20d
SHORT call ✓ call won +9.30% · α vs SPY +7.99% · entry $35.28 → $32.00
Next anchor: T+60d in 6w
Latest observation: T+32 +15.98% FF3 residual α
Entry anchored
Aug 17, 04:00 PM ET
via 1-min bar
T+1d
+6.12%
call -6.12% · α -5.91%
$37.44
settled 6w ago
T+5d
+5.13%
call -5.13% · α -5.33%
$37.09
settled 6w ago
T+20d
-9.30%
call +9.30% · α +7.99%
$32.00
settled 17d ago
T+60d
—
call — · α —
—
in 6w

Price Chart

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Executive Summary

Six Zillow insiders, including the CEO, COO/CFO, CTO, and other C-suite executives, sold a total of ~$828K in open-market sales over a one-week window. This is a significant cluster of selling by top management, with the CEO alone selling $319K. While the dollar amount is modest relative to the $8.2B market cap (~0.01%), the breadth of C-suite participation and the concentration of sales by the CEO and CFO on the same day is notable and warrants attention, especially given the prior historical report on ZG showed a negative T+20 outcome on a bullish call, suggesting caution on the stock.

Key Financial Metrics

Direction
selling
Total Value
$828.0K
Insiders
6

Key Facts

  • Six insiders sold shares in an 8-day window (Aug 13-20, 2026).
  • CEO Jeremy Wacksman sold 9,339 shares for ~$319K on Aug 17.
  • COO & CFO Jeremy Hofmann sold 5,661 shares for ~$193K on Aug 17.
  • Total open-market sales: ~$828K.
  • Two large non-cash grants to Chief Legal Officer Cassandra Knight on Aug 20 (283,405 shares, $0 value) are not economically meaningful.
  • Sales represent ~0.01% of Zillow's $8.2B market cap.

Financial Impact

Six insiders sold ~$828K in open-market sales, representing ~0.01% of market cap. CEO and CFO sold on the same day for a combined ~$512K.

insider ownershipmarket sentiment

Risk Factors

  • Insider selling may be for personal liquidity or tax planning, not necessarily a signal of company weakness.
  • The dollar amount is small relative to market cap, limiting the signal's strength.
  • The stock has a history of negative returns following bullish calls, suggesting potential for further downside.

Market Snapshot

Exchange
Nasdaq
Sector
Services-Business Services, NEC
Analyst Consensus
57% bullish (30 analysts)

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-ZG-1787379080517
5 reports for ZG
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for ZG — sortable, filterable
TypeNow
Sep 3, 2026
29d ago
144
NEUTRAL ★ 2/10
$35.32 $33.83▼ −4.22%▼ −3.01%$28.09 (−20.46%)
Aug 24, 2026
5w ago
8-K
BULLISH ★ 6/10
$37.95 $35.79▼ −5.69%▼ −6.16%$28.09 (−25.97%)
Aug 17, 2026
6w ago
Insider Cluster
BEARISH ★ 5/10
$35.28 $37.09▼ −5.13%▼ −5.33%$28.09 (+20.37%)
Aug 17, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$35.28 $37.09▲ +5.13%▲ +5.33%$28.09 (−20.37%)
Mar 5, 2026
30w ago
8-K
BULLISH ★ 6/10
$47.01 $40.81▼ −13.19%▼ −10.95%$28.09 (−40.24%)
Showing 5 of 5

US Market Status

Market Closed — Opens Mon (64h 18m)

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Report published Aug 22, 2026