ZG Form 144: 671 Class C Shares via Cashless Exercise; July Sales Disclosed

Rhea-AI Filing Summary

Zillow Group filed a Form 144 reporting a proposed sale of 671 Class C shares through Charles Schwab with an aggregate market value of $54,186, scheduled for 08/11/2025 on NASDAQ. The filing shows 185,964,745 shares outstanding and states the 671 shares were acquired the same day via an employee stock option exercise and paid through a broker cashless exercise.

The notice also discloses recent sales by Lloyd D. Frink: 52,866 shares for $4,242,365 on 07/22/2025 and 27,134 shares for $2,194,480 on 07/23/2025. Several filer contact fields (including CIK and submitter name) are not populated in the provided record.

Insights

Securities Analyst

TL;DR: Proposed sale is small; prior July sales were larger but still a negligible fraction of outstanding shares.

The filing documents a sale of 671 Class C shares valued at $54,186 via a broker-assisted cashless exercise, plus two earlier dispositions totaling 80,000 shares in July 2025 (52,866 and 27,134 shares). Combined, those July sales and the current notice represent roughly 80,671 shares, which is about 0.04% of the reported 185,964,745 shares outstanding. From a market-impact perspective, these reported transactions are unlikely to be material to Zillow's market capitalization or trading liquidity based on the numbers shown.

Corporate Governance Expert

TL;DR: Insider used an employee stock option exercise and cashless broker payment; filing lacks some identifying contact data.

The notice indicates the 671 shares were acquired and proposed for sale on the same date via an employee stock option exercise with broker payment for a cashless exercise. The record lists the broker (Charles Schwab & Co., Inc.) and exchange (NASDAQ) but omits explicit filer identification fields in the provided extract. The disclosures follow Rule 144 format, documenting prior sales by Lloyd D. Frink in July 2025 with gross proceeds specified.

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	671	54186.00	185964745	08/11/2025	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	08/11/2025	Employee Stock Option Exercise	ZILLOW GROUP, INC.			671	08/11/2025	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

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 Zillow (ZG) report on Form 144?

The filing reports a proposed sale of 671 Class C shares valued at $54,186, to be sold on 08/11/2025 on NASDAQ.

How were the 671 shares acquired according to the filing?

The 671 shares were acquired on 08/11/2025 via an employee stock option exercise and paid through a broker cashless exercise.

Who executed the broker transaction and where will the sale occur?

The broker listed is Charles Schwab & Co., Inc. and the sale is listed for NASDAQ.

Does the filing show recent insider sales for Zillow (ZG)?

Yes. The filing discloses Lloyd D. Frink sold 52,866 shares on 07/22/2025 for $4,242,365 and 27,134 shares on 07/23/2025 for $2,194,480.

How many shares outstanding does the filing report?

The filing reports 185,964,745 shares outstanding.

Are filer identification fields fully populated in this record?

No. The provided extract does not include populated filer CIK or full submission contact details.