Co-Executive Chairman Richard N. Barton sells 350,000 Zillow shares for $29.8M across 6 transactions; reduces stake 12.3%.
Richard N. Barton executed 6 separate sales totaling 350,000 shares (350.0K shares) for $29,835,795.88 ($29.8M) on August 14–15, 2025, at a blended average price of $85.25. This reduces his post-transaction holdings to 2,501,225 shares (2.50M shares), a 12.3% reduction from prior holdings of 2,851,225 shares (2.85M shares). The timing is notable: Zillow's stock is currently at $84.50, only 3.9% below its 52-week high of $87.97, and has rallied +9.1% over 30 days and +25.8% over 90 days. Barton's cross-ticker trade history shows a 100.00% well-timed rate on his 4 prior sells (avg 90d return -87.9%), but that pattern is from other tickers and does not necessarily predict accuracy at Zillow. The company, despite posting $655.0M in quarterly revenue and +15.0% annual revenue growth, reported negative net income in its most recent full fiscal year, warranting attention to whether large-block insider liquidation at elevated prices reflects confidence or caution.