Zillow (ZG) Form 144: Restricted Stock Lapse and Recent Insider Sales

Rhea-AI Filing Summary

Zillow Group, Inc. (ZG) reports a Form 144 notice for a proposed sale of 3,593 shares of its Common Class C stock, with an aggregate market value of $292,788.00. The sale is to be handled by Charles Schwab & Co., Inc. on NASDAQ. The shares were acquired on 08/13/2025 as a restricted stock lapse from Zillow Group and are identified as equity compensation.

The filing also lists recent sales by the same person: 3,739 shares on 05/14/2025 (gross proceeds $256,703.00), 5,534 shares on 05/16/2025 (gross proceeds $381,725.00), and 100,000 shares on 08/07/2025 (gross proceeds $8,591,391.00). The filer represents they do not know of any undisclosed material adverse information about the issuer.

Positive

• None.

Negative

• Substantial insider selling in the past three months, including a 100,000-share sale with reported gross proceeds of $8,591,391.00.
• Planned sale of 3,593 shares is listed, signaling continued insider liquidity events that investors may note.

Insights

Securities Analyst

TL;DR: Form 144 discloses a small planned sale plus substantial recent insider sales, all reported under Rule 144.

The filing shows a proposed disposal of 3,593 Class C shares via Charles Schwab with a stated market value of $292,788. Acquisition is listed as a restricted stock lapse, indicating issuance as equity compensation. The table of recent sales documents three transactions in May and August 2025, including a notable 100,000-share sale with gross proceeds of $8,591,391. The filer also affirms no knowledge of undisclosed material adverse information. The disclosure is procedural and provides transparency on insider liquidity events.

Corporate Governance Expert

TL;DR: Routine compliance filing that documents insider sales and an equity-compensation lapse without asserting undisclosed adverse facts.

The Form 144 documents both a proposed sale and several recent dispositions by the same person, and it specifies the broker and exchange. The acquisition entry identifies the shares as resulting from a restricted stock lapse from Zillow Group, with payment characterized as equity compensation. The filer’s signed representation that no material non-public information exists is included as required. From a governance perspective, the form fulfills Rule 144 disclosure obligations but does not provide context on holdings or insider ownership percentages.

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	3593	292788.00	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.			3593	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
DANIEL SPAULDING 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP INC.	05/14/2025	3739	256703.00
DANIEL SPAULDING 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP INC.	05/16/2025	5534	381725.00
DANIEL SPAULDING 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP INC.	08/07/2025	100000	8591391.00

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 the ZG Form 144 disclose about the proposed sale?

The Form 144 discloses a proposed sale of 3,593 Common Class C shares with an aggregate market value of $292,788.00, to be executed through Charles Schwab & Co., Inc. on NASDAQ.

Who acquired the shares being offered in the ZG Form 144 and how?

The shares were acquired from Zillow Group, Inc. on 08/13/2025 as a restricted stock lapse, and the payment/nature is listed as equity compensation.

What recent insider sales are reported in the ZG filing?

The filing lists three recent sales by the same person: 3,739 shares on 05/14/2025 (gross proceeds $256,703.00), 5,534 shares on 05/16/2025 (gross proceeds $381,725.00), and 100,000 shares on 08/07/2025 (gross proceeds $8,591,391.00).

Does the ZG filing state whether the filer knows of any undisclosed material information?

Yes. 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.

Which broker and exchange are identified in the ZG Form 144?

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