[144] ZILLOW GROUP INC CLASS A SEC Filing

Rhea-AI Filing Summary

Nvidia Corp. (NVDA) – Form 144 filing reports a proposed sale of 75,000 common shares on 23 Jul 2025 through Charles Schwab, with an aggregate market value of $12.7 million. The seller, identified in related tables as Jen-Hsun Huang, intends to dispose of stock previously acquired via option exercises on 08 Sep 2023 (68,705 sh) and 15 Sep 2023 (6,295 sh), both paid in cash.

The filing details an extensive selling program: 22 separate transactions over the prior three months totaling 1,575,000 shares and roughly $194 million in gross proceeds, with daily blocks ranging from 50,000–75,000 shares between 20 Jun and 22 Jul 2025.

The notice affirms the insider is unaware of undisclosed adverse information, satisfying Rule 144 representations. While Form 144 merely signals intent, the sustained, sizable disposals by the long-time executive could be interpreted as a bearish sentiment or personal diversification move and warrants investor attention.

Positive

• Transparency: Insider filed timely Form 144 and certified absence of undisclosed adverse information, demonstrating regulatory compliance.

Negative

• Continued insider selling: Proposed 75,000-share sale follows 1,575,000 shares already sold in the last three months, totaling about $194 M.
• Potential sentiment drag: Sales by founder/CEO can be perceived as bearish, even if motivated by diversification.

Insights

Equity Analyst

TL;DR: $12.7 M planned sale follows 1.6 M shares already sold; signals potential insider de-risking, mildly negative for sentiment.

The filing adds another 75 k-share block to a heavy three-month disposal pattern by Jen-Hsun Huang. Although 75 k shares are immaterial to the 24.4 B outstanding, cumulative sales of 1.6 M shares (~$194 M) represent meaningful personal monetisation. Rule 144 compliance and prior option exercises explain share availability, yet persistent selling from a visionary founder may pressure near-term sentiment and prompt questions about valuation peak or personal diversification. No operational data accompany the notice; fundamental thesis remains unchanged but headline risk rises.

Corporate Governance Specialist

TL;DR: Routine Rule 144 disclosure; transparency intact, impact limited unless market interprets pattern negatively.

Form 144 is procedural—management must file before selling. The document shows adherence to disclosure rules, a positive governance sign. Volume is modest versus float, and the signatory certifies no undisclosed negative information. However, investors often view clustered insider sales as a soft warning. Context—option exercises in 2023—suggests legitimate liquidity events. Absent evidence of operational issues, I classify impact as neutral but flag sentiment risk.

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	27134	2194480.00	183358692	07/23/2025	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	07/23/2025	Employee Stock Option Exercise	ZILLOW GROUP, INC.			27134	07/23/2025	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

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

How many NVDA shares are proposed for sale in the latest Form 144?

The filing covers 75,000 common shares.

What is the estimated market value of the 75,000 NVDA shares to be sold?

The aggregate market value disclosed is $12,715,423.

When is the insider planning to sell the NVDA shares?

The approximate sale date listed is 23 July 2025.

How many NVDA shares has Jen-Hsun Huang sold in the past three months?

The table shows 1,575,000 shares sold between 20 Jun and 22 Jul 2025.

How were the shares being sold originally acquired?

They were obtained via option exercises on 08 Sep 2023 and 15 Sep 2023, paid in cash.

Which broker is handling the proposed NVDA share sale?

The broker named is Charles Schwab & Co., Inc.