Zillow Group (NASDAQ: Z) files Form 144: 8,800 Class C shares for broker cashless exercise
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Zillow Group, Inc. filed a Form 144 notice to sell 8,800 Common Class C shares on 03/24/2026 as a broker payment for a cashless exercise.
The filing also lists prior sales by Bradley Owens of 89,161 shares on 02/12/2026 and 115,581 shares on 02/13/2026.
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FAQ
What does Zillow's (Z) Form 144 report show?
It reports a planned sale of 8,800 Class C shares on 03/24/2026. The filing describes the transaction as a broker payment for a cashless exercise, which indicates shares are being used to satisfy option exercise consideration rather than a typical open-market sale.
Who is the named seller in the past transactions on the Form 144?
The filing lists Bradley Owens as the reporting seller for earlier transactions. It shows sales of 89,161 shares on 02/12/2026 and 115,581 shares on 02/13/2026, recorded in the securities‑sold section of the notice.
What is a "broker payment for cashless exercise" noted in the filing?
It means a broker will receive shares to cover the option exercise cost rather than the holder paying cash. The Form 144 specifically labels the 03/24/2026 sale of 8,800 shares as such a broker payment.
Does the Form 144 indicate who receives proceeds from the sale?
The filing states the method as a broker payment for cashless exercise; it does not state a separate third‑party recipient. The described transaction implies shares are applied to exercise settlement rather than a conventional cash‑proceeds transfer.
Are the reported prior sales part of the current offering amount?
No. The filing lists prior sales by an individual and a separate item for the 03/24/2026 sale of 8,800 shares. The earlier figures are recorded under "Securities Sold During The Past 3 Months" and are distinct entries.