Zillow (ZG) files Form 144 to sell 2,969 Common Class C shares

Rhea-AI Filing Summary

Zillow Group (ZG) filed a Form 144 reporting a proposed sale of 2,969 shares of Common Class C through Charles Schwab with an aggregate market value of $241,867, to be sold on the NASDAQ. The filing shows the shares were acquired as an equity compensation event described as a Restricted Stock Lapse on 08/13/2025.

The notice also discloses prior insider sales by the same person: 3,088 shares sold on 05/14/2025 for $211,979 and 45,710 shares sold on 08/07/2025 for $3,894,972, totaling 48,798 shares and $4,106,951 in gross proceeds over the past three months. Outstanding shares are listed as 185,964,745, making the three-month sales about 0.026% of outstanding shares. The filer certifies no undisclosed material adverse information.

Positive

• Rule 144 disclosure filed, indicating compliance with required insider-sale reporting
• Insider sales are small relative to outstanding shares (48,798 shares over three months ≈ 0.026% of outstanding shares)

Negative

• None.

Insights

Securities Analyst

TL;DR: Small, compliant insider sale; volume is negligible relative to outstanding shares.

The Form 144 reports a planned sale of 2,969 Common Class C shares valued at $241,867 and documents recent insider disposals totaling 48,798 shares for $4,106,951 in gross proceeds. Relative to the 185,964,745 shares outstanding, the three-month selling equals approximately 0.026% of outstanding stock, which is immaterial from a liquidity or dilution perspective. The shares were acquired via equity compensation and a restricted stock lapse, and the filing follows Rule 144 disclosure requirements. No financial results or operational changes are disclosed in this notice, limiting direct valuation implications.

Corporate Governance Expert

TL;DR: Disclosure appears proper; insider activity is transparent and not indicative of governance red flags.

The document is a routine Rule 144 notice showing planned disposition of equity received through compensation. The filing names the broker and provides acquisition details as a restricted stock lapse, which supports transparency on timing and payment method. The filer expressly represents there is no material non-public information. The magnitude of recent insider sales is small versus total shares outstanding, and there is no evidence here of coordinated large-scale divestiture or a governance concern that would materially affect investors based solely on this filing.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Class C	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	2969	241867.00	185964745	08/13/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Class C	08/13/2025	Restricted Stock Lapse - See Remarks	ZILLOW GROUP, INC.			2969	08/13/2025	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Jun Choo 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	05/14/2025	3088	211979.00
Jun Choo 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	08/07/2025	45710	3894972.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Zillow's (ZG) Form 144 report?

The Form 144 reports a proposed sale of 2,969 shares of Common Class C with an aggregate market value of $241,867, to be sold through Charles Schwab on NASDAQ.

How many shares has the insider sold recently according to the filing?

The filing discloses 3,088 shares sold on 05/14/2025 for $211,979 and 45,710 shares sold on 08/07/2025 for $3,894,972, totaling 48,798 shares and $4,106,951 in gross proceeds in the past three months.

How were the shares being sold acquired?

The securities to be sold were acquired via equity compensation described as a Restricted Stock Lapse, with an acquisition date shown as 08/13/2025.

What proportion of Zillow's outstanding shares does this represent?

The filing lists 185,964,745 shares outstanding; the three-month insider sales of 48,798 shares represent about 0.026% of outstanding shares.

Does the filer assert any undisclosed material information?

The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.