Markets & Economy

Zillow leaders cash in on firm’s latest stock offering

Analyst says insider selling may mean stock has reached its highest price for the year

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

A few weeks after Zillow reported a record-high $32.9 million in revenue in the second quarter and its market cap shot upward of $3.2 billion, the real estate search and marketing company registered more than 5 million shares of its Class A common stock for sale yesterday, more than half from prominent Zillow shareholders. How big will the Zillow leaders' payday be and how many shares will they have left after selling those they've registered? Zillow exec, title Amount of shares registered for sale Remaining shares after sale $ to be made from sale ($82/share) Richard Barton, executive chairman and co-founder 375,000* 4.5 million $30.8 million Lloyd Frink, vice chairman, president and co-founder 375,000* 4.0 million $30.8 million Spencer Rascoff, CEO 146,771 324,130** $12 million Greg Schwartz, chief revenue officer 19,215 119,675** $1.6 million David Beitel, chief technology officer 90,000 107,562** $7.4 million Technology Cro...