Insider Sales: ZG 80,671 Shares Sold, 5,995 More Planned

Rhea-AI Filing Summary

Zillow Group insider sale notice shows that Lloyd D. Frink sold 80,671 shares of Zillow common stock across three trades: 52,866 shares for $4,242,365, 27,134 shares for $2,194,480, and 671 shares for $54,186. The filing also reports a proposed sale of 5,995 shares via Charles Schwab with an aggregate market value of $481,791; those 5,995 shares were acquired the same day through an employee stock option exercise and will be sold in a cashless exercise arrangement. The form lists total shares outstanding of 185,964,745 and includes the seller's representation that no material nonpublic information is known.

Insights

Financial Analyst

TL;DR Routine insider selling and option exercise; transaction sizes are very small relative to total shares outstanding.

The filing documents 80,671 shares sold in three trades producing $6,491,031 in gross proceeds and a proposed broker-assisted sale of 5,995 shares valued at $481,791. Relative to the reported 185,964,745 shares outstanding, the recent sales represent a very small fraction of the float, suggesting limited direct impact on capitalization. The combination of an employee stock option exercise and a cashless broker payment is a common liquidity pathway for insiders to monetize option-derived shares.

Corporate Governance Expert

TL;DR Disclosure is standard and includes the required insider representation about material nonpublic information.

The Form 144 lists the seller, broker, quantities, gross proceeds, acquisition method (employee stock option exercise) and that the planned sale will be executed via Charles Schwab. The filing also contains the seller's attestation that no material nonpublic information is known. This satisfies routine transparency and regulatory notice expectations for director/officer or otherinsider sales under Rule 144.

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

Relationship to Issuer

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	5995	481791.00	185964745	08/12/2025	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	08/12/2025	Employee Stock Option Exercise	ZILLOW GROUP, INC.			5995	08/12/2025	Broker Payment for Cashless Exercise

* 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
Lloyd D Frink 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	07/22/2025	52866	4242365.00
Lloyd D Frink 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	07/23/2025	27134	2194480.00
Lloyd D Frink 1301 SECOND AVENUE, FLOOR 36 SEATTLE CA 98101	ZILLOW GROUP, INC.	08/11/2025	671	54186.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 did the ZG Form 144 report?

The filing reports insider sales totaling 80,671 shares in three trades with gross proceeds of $6,491,031, plus a proposed sale of 5,995 shares valued at $481,791.

Who is the seller in the ZG Form 144?

The seller named in the filing is Lloyd D. Frink.

When were the recent sales executed and what were the proceeds?

Sales occurred on 07/22/2025 (52,866 shares, $4,242,365), 07/23/2025 (27,134 shares, $2,194,480), and 08/11/2025 (671 shares, $54,186).

What shares are proposed for sale and how were they acquired?

A proposed sale of 5,995 shares is listed for 08/12/2025; these shares were acquired on 08/12/2025 via an employee stock option exercise and will be sold through a cashless broker payment.

Through which broker will the proposed sale be executed?

The proposed sale is to be executed via Charles Schwab & Co., Inc..

How many shares outstanding does the filing report?

The filing reports 185,964,745 shares outstanding.