Zillow (ZG) Insider Filing: 22,510 Class C Shares Scheduled for Sale

Rhea-AI Filing Summary

Zillow Group, Inc. (ZG) Form 144 shows a proposed sale of 22,510 Class C shares through Charles Schwab with an aggregate market value of $2,047,753, scheduled approximately for 09/08/2025 on NASDAQ. The filing lists restricted stock lapses as the acquisition source: 4 grants vested on 11/13/2024, 02/13/2025, 05/14/2025, and 08/13/2025 totaling 23,710 shares acquired as equity compensation. One reported sale in the past three months shows 3,678 shares sold on 08/13/2025 for $299,672. The filer attests no undisclosed material adverse information and the notice includes the required signature representation.

Positive

• Clear compliance: Filing includes broker, approximate sale date, aggregate market value, and the required attestation.
• Source transparency: Shares originated from restricted stock lapses (equity compensation) with specific vesting dates and amounts provided.
• Immaterial size: Proposed sale (~0.012% of outstanding shares) appears unlikely to materially affect market capitalization.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider intends to sell a small fraction of outstanding shares from recent restricted stock vesting; filing is routine and compliant.

The Form 144 documents a planned sale of 22,510 Class C shares valued at $2.05 million, representing roughly 0.012% of the 185,964,745 shares outstanding. The shares originate from multiple restricted stock lapses granted as equity compensation across late 2024 and 2025. A prior small sale of 3,678 shares generated $299,672 on 08/13/2025. From a market-impact perspective, the size of the proposed sale is immaterial to outstanding capitalization. The filing fulfills Rule 144 disclosure requirements and includes the standard attestation regarding undisclosed material information.

Corporate Governance Expert

TL;DR: Disclosure aligns with governance and insider-trading rules; shows routine monetization of vested equity awards.

The notice indicates the seller is disposing of vested restricted stock acquired via equity compensation, which is a common liquidity event for insiders. The filing identifies the broker and an approximate sale date and confirms the signer does not possess undisclosed material information. No unusual restrictions, pledges, or complex payment arrangements are disclosed. This is a standard compliance filing rather than a governance red flag.

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	22510	2047753.00	185964745	09/08/2025	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.			5810	08/13/2025	Equity Compensation
Common Class C	05/14/2025	Restricted Stock Lapse	ZILLOW GROUP, INC.			5845	05/14/2025	Equity Compensation
Common Class C	02/13/2025	Restricted Stock Lapse	ZILLOW GROUP, INC			6006	02/13/2025	Equity Compensation
Common Class C	11/13/2024	Restricted Stock Lapse	ZILLOW GROUP, INC			4849	11/13/2024	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
DAVID A BEITEL 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	08/13/2025	3678	299672.00

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 Zillow Group's (ZG) Form 144 report?

The filing reports a proposed sale of 22,510 Class C shares with an aggregate market value of $2,047,753, to be sold approximately on 09/08/2025 on NASDAQ.

Where did the shares being sold originate?

The shares arose from restricted stock lapses granted by Zillow Group on 11/13/2024, 02/13/2025, 05/14/2025, and 08/13/2025, totaling 23,710 shares acquired as equity compensation.

Has the filer sold any Zillow shares recently?

Yes. The filing discloses a sale of 3,678 shares on 08/13/2025 for gross proceeds of $299,672.

Who is the broker handling the proposed sale?

The broker listed is Charles Schwab & Co., Inc. at the address provided in the filing.

Does the filer assert possession of undisclosed material information?

By signing the notice, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.