Zillow Group (NASDAQ: Z) CPO Dan Spaulding receives new stock options and RSUs

Rhea-AI Filing Summary

Zillow Group, Inc. reported that Chief People Officer Dan Spaulding acquired new equity awards in the form of stock options and restricted stock units. He received stock options for 123,750 shares at an exercise price of $0.00 per share, and 13,750 shares of Class C capital stock as restricted stock units.

The restricted stock units and options each vest as to 1/16 of the granted amount on the first quarterly vesting date indicated in the award and then 1/16 on each of the issuer’s subsequent quarterly vesting dates until fully vested.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Spaulding Dan

(Last) (First) (Middle)

C/O ZILLOW GROUP, INC.

1301 SECOND AVENUE, FLOOR 36

(Street)

SEATTLE WA 98101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ZILLOW GROUP, INC. [ Z AND ZG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class C Capital Stock	03/02/2026		A		13,750(1)	A	$0	54,830	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$43.54	03/02/2026		A		123,750		05/14/2026(2)	03/02/2036	Class C Capital Stock	123,750	$0	123,750	D

Explanation of Responses:

1. Represents a grant of restricted stock units that will vest as to 1/16th of the total amount of shares subject to the grant on each of the issuer's quarterly vesting dates until the restricted stock units are fully vested.

2. Date at which first vesting occurs is indicated. 1/16th of the total number of shares subject to the option become exercisable at the first vesting date and an additional 1/16th become exercisable on each issuer quarterly vesting date occurring thereafter until the option is fully vested.

Remarks:

	/s/ Shannon Cartales Attorney-in-Fact	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Dan Spaulding report for Zillow Group (Z)?

Dan Spaulding reported acquiring new equity awards from Zillow Group. He received 123,750 stock options and 13,750 restricted stock units of Class C capital stock, both granted at an exercise or purchase price of $0.00 per share as part of his compensation.

How do Dan Spaulding’s new restricted stock units at Zillow Group (Z) vest?

The restricted stock units vest in 16 equal parts over time. Specifically, 1/16 of the total 13,750 shares vests on the first quarterly vesting date, and another 1/16 vests on each subsequent quarterly vesting date until fully vested.

What are the vesting terms of Dan Spaulding’s new Zillow (Z) stock options?

The stock options for 123,750 shares vest in 16 installments. According to the filing, 1/16 becomes exercisable on the first vesting date, with an additional 1/16 becoming exercisable on each subsequent quarterly vesting date until all options are fully vested.

What type of securities did Dan Spaulding acquire from Zillow Group (Z)?

Dan Spaulding acquired two types of securities: stock options described as a right to buy shares, and Class C capital stock in the form of restricted stock units. Both awards are subject to quarterly vesting over a series of 16 vesting dates.

Does the Zillow (Z) Form 4 show any insider stock sales by Dan Spaulding?

The Form 4 shows only grant or award acquisitions for Dan Spaulding. Both transactions are coded as “A” for grant, award, or other acquisition, and the transaction summary indicates acquire activity only, with no reported sales or dispositions in this filing.

What ownership type is reported for Dan Spaulding’s new Zillow (Z) equity awards?

The filing reports Dan Spaulding’s ownership of these awards as direct. Both the stock options and restricted stock units are marked with a direct ownership code, with no footnotes indicating indirect ownership through another entity or any disclaimer of beneficial ownership.