Zillow Group (Z) COO Jun Choo granted 240,000 stock options

Rhea-AI Filing Summary

Zillow Group, Inc. reported that Chief Operating Officer Jun Choo received a grant of stock options covering 240,000 shares. The options carry an exercise price of $0.00 per share and start vesting so that 1/16 of the total becomes exercisable on the first vesting date, with an additional 1/16 vesting on each quarterly vesting date until fully vested. This filing records an equity-based compensation award rather than an open-market stock purchase or sale.

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

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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^*

Choo Jun

(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 Operating 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

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		240,000		05/14/2026(1)	03/02/2036	Class C Capital Stock	240,000	$0	240,000	D

Explanation of Responses:

1. 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 transaction did Zillow Group (Z) disclose for Jun Choo?

Zillow Group disclosed that Chief Operating Officer Jun Choo received a grant of stock options on 240,000 shares at an exercise price of $0.00 per share. This represents an equity compensation award rather than a market purchase or sale of existing shares.

How many Zillow Group shares are covered by Jun Choo’s new stock options?

The new option grant to Jun Choo covers 240,000 Zillow Group shares. These options were awarded at an exercise price of $0.00 per share and vest in stages over time based on the company’s quarterly vesting schedule.

What is the exercise price of Jun Choo’s Zillow stock option grant?

The stock option grant to Jun Choo has an exercise price of $0.00 per share. This means he can acquire Zillow Group shares without paying a cash exercise price once the options are vested and exercisable, subject to the vesting schedule.

How do Jun Choo’s Zillow stock options vest over time?

The options vest gradually: 1/16 of the total 240,000 shares becomes exercisable on the first vesting date, with another 1/16 vesting on each issuer quarterly vesting date thereafter, continuing until the entire option grant is fully vested and exercisable.

Does the Form 4 for Zillow’s Jun Choo indicate a stock sale or purchase?

The Form 4 reports an acquisition of derivative securities through a stock option grant, not a market sale or purchase of common stock. It records an equity compensation award with 240,000 options that vest over time and have a $0.00 exercise price.