Zillow (ZG) Form 144: Restricted Stock Sale and Recent Dispositions

Rhea-AI Filing Summary

Zillow Group, Inc. (ZG) Form 144 notice discloses a proposed sale of 8,168 shares of Class C common stock through Charles Schwab & Co., with an aggregate market value of $697,139 and an approximate sale date of 08/15/2025 on NASDAQ. The filer acquired these shares on 08/13/2025 upon lapse of restricted stock granted by ZILLOW GROUP, INC., and the payment type is listed as equity compensation. The filing also reports two recent sales by the same seller: 7,959 shares on 05/16/2025 for $549,005 and 5,167 shares on 08/13/2025 for $421,043. The notice includes the usual signature representation that the seller has no undisclosed material nonpublic information.

Positive

• Clear Rule 144 disclosure of proposed sale including broker, share count, market value, and exchange
• Acquisition and payment details provided (restricted stock lapse; equity compensation), aiding transparency
• Prior sales disclosed showing transaction history for the selling person

Negative

• Insider selling equity compensation totaling 8,168 shares proposed and prior sales of 13,126 shares in 2025, which could be perceived negatively by some investors

Insights

Securities Analyst

TL;DR: Insider sale of restricted stock disclosed; amounts modest relative to large-cap peers, routine compliance filing.

The Form 144 documents a planned sale of 8,168 Class C shares valued at $697,139 and shows prior dispositions earlier in 2025 totaling 13,126 shares and roughly $970,048 in gross proceeds. The shares arose from a restricted stock lapse dated 08/13/2025 and are being sold through a broker on NASDAQ. From a trading-compliance perspective, the filing is standard and provides transparent notice of an insider disposing of equity compensation.

Corporate Governance Expert

TL;DR: Filing meets Rule 144 disclosure expectations; no new governance issues disclosed.

The submission identifies the nature of acquisition (restricted stock lapse) and lists historical sales by the same person, satisfying disclosure norms under Rule 144. The signer affirms absence of undisclosed material information. There are no references to trading plans, withholding of dates, or material caveats in the text provided, so governance compliance appears routine based on disclosed facts only.

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	8168	697139.00	185964745	08/15/2025	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	ZILLOW GROUP, INC.			8168	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
Jeremy Hofmann 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	05/16/2025	7959	549005.00
Jeremy Hofmann 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	08/13/2025	5167	421043.00

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 does the Form 144 filed for ZG disclose?

The Form 144 discloses a proposed sale of 8,168 Class C shares valued at $697,139 through Charles Schwab on NASDAQ with an approximate sale date of 08/15/2025.

How were the shares being sold acquired?

The shares were acquired on 08/13/2025 upon lapse of restricted stock granted by ZILLOW GROUP, INC., with payment characterized as equity compensation.

Has the filer sold other ZG shares recently?

Yes. The filing lists sales of 7,959 shares on 05/16/2025 for $549,005 and 5,167 shares on 08/13/2025 for $421,043.

What broker will facilitate the sale?

Charles Schwab & Co., Inc., located at 3000 Schwab Way, Westlake TX 76262, is named as the broker.

Does the filing state whether the seller has material nonpublic information?

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