Zillow CEO sells 18,401 Class C shares; 134,712 still held

Zillow Group (Z, ZG) CEO and Director reported open-market sales of 18,401 shares of Class C capital stock across 11/12/2025 and 11/14/2025.

Rhea-AI Filing Summary

Zillow Group (Z, ZG) CEO and Director reported open-market sales of 18,401 shares of Class C capital stock across 11/12/2025 and 11/14/2025. Several tranches on 11/12 were sold to cover tax withholding upon RSU vesting, and the 11/14 sale of 10,855 shares was made under a Rule 10b5-1 trading plan adopted on February 13, 2025.

Reported weighted-average sale prices spanned $69.49–$73.70 across the disclosed ranges. Following these transactions, the reporting person directly beneficially owns 134,712 shares.

Insider Trade Summary

Net Seller: 18,401 shares

Net Sell 5 txns

Insider Wacksman Jeremy

Role Chief Executive Officer

Sold 18,401 shs ($1.30M)

Type	Security	Shares	Price	Value
Sale	Class C Capital Stock	10,855	$69.9893	$760K
Sale	Class C Capital Stock	5,750	$70.812	$407K
Sale	Class C Capital Stock	1,245	$71.7506	$89K
Sale	Class C Capital Stock	386	$72.7788	$28K
Sale	Class C Capital Stock	165	$73.6256	$12K

Holdings After Transaction: Class C Capital Stock — 134,712 shares (Direct)

Footnotes (7)

1. F1. Represents shares sold to cover tax withholding due upon vesting of restricted stock units.
2. F2. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $70.41 to $71.41. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.
3. F3. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $71.42 to $72.41. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.
4. F4. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $72.45 to $73.44. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.
5. F5. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $73.56 to $73.70. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.
6. F6. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 13, 2025.
7. F7. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $69.49 to $70.28. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Zillow Group (Z, ZG) disclose in this Form 4?

The CEO and Director reported selling 18,401 shares of Class C capital stock on 11/12/2025 and 11/14/2025.

How many Zillow (Z) shares were sold on each date?

On 11/12/2025: 7,546 shares in several tranches; on 11/14/2025: 10,855 shares.

Were any sales under a Rule 10b5-1 plan for Zillow (ZG)?

Yes. The 11/14/2025 sale of 10,855 shares was under a Rule 10b5-1 plan adopted on Feb 13, 2025.

Did the filing note tax-withholding sales for Zillow Group?

Yes. Some 11/12/2025 sales were to cover tax withholding due upon RSU vesting.

What prices were reported for the Zillow insider sales?

Weighted-average sale prices with ranges from $69.49 to $73.70 across tranches.

How many Zillow shares does the insider own after these sales?

The reporting person directly beneficially owns 134,712 shares after the transactions.

What class of Zillow stock was involved?

All transactions involved Class C capital stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/14/2025 - 05:40 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

X

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^*

Wacksman Jeremy

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

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	11/12/2025		S		5,750(1)	D	$70.812(2)	147,363	D
Class C Capital Stock	11/12/2025		S		1,245(1)	D	$71.7506(3)	146,118	D
Class C Capital Stock	11/12/2025		S		386(1)	D	$72.7788(4)	145,732	D
Class C Capital Stock	11/12/2025		S		165(1)	D	$73.6256(5)	145,567	D
Class C Capital Stock	11/14/2025		S		10,855(6)	D	$69.9893(7)	134,712	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

Explanation of Responses:

1. Represents shares sold to cover tax withholding due upon vesting of restricted stock units.

2. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $70.41 to $71.41. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

3. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $71.42 to $72.41. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

4. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $72.45 to $73.44. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

5. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $73.56 to $73.70. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

6. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 13, 2025.

7. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $69.49 to $70.28. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

Remarks:

	/s/ Shannon Cartales Attorney-in-Fact	11/14/2025
	** 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.