ZG Insider Filing: 25,000 Class C Shares Listed for Sale on 09/08/2025

Rhea-AI Filing Summary

Form 144 notice for Zillow Group, Inc. (ZG) shows a proposed sale of 25,000 Common Class C shares through Charles Schwab & Co. with an aggregate market value of $2,249,839, with an approximate sale date of 09/08/2025 on NASDAQ. The shares were acquired the same day, 09/08/2025, via an employee stock option exercise and the transaction is a broker cashless exercise. The filer also reported two recent open-market sales by Jeremy Hofmann on 08/13/2025 (5,167 shares, $421,043) and 08/15/2025 (8,168 shares, $697,139). The filing includes the required signature attestation regarding possession of material non-public information.

Insights

Securities Analyst

TL;DR: Insider plans to sell newly exercised options totaling 25,000 shares valued at $2.25M; prior small open-market sales also disclosed.

The filing documents a routine Section 144 notice for the proposed sale of shares acquired by exercise of employee options and immediately subject to a cashless broker transaction. The amounts disclosed—25,000 shares and $2.25M aggregate value—are explicit but should be viewed in context of total outstanding shares reported here (185,964,745), indicating the position is a modest fraction of the class outstanding. The two reported open-market sales in August provide additional context on recent disposals by the same person.

Corporate Governance Expert

TL;DR: This is a procedural Rule 144 notice tied to an option exercise and broker cashless sale; attestation against material non-public information is included.

The form contains expected compliance language and an attestation that the seller lacks undisclosed material information. The timing—same-day acquisition and proposed sale—reflects a cashless exercise and immediate disposition rather than a long-term planned sale. From a governance perspective, disclosures are complete on the face of the form, showing broker details, acquisition method, and prior short-term sales.

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	25000	2249839.00	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	09/08/2025	Employee Stock Option Exercise	ZILLOW GROUP, INC.			25000	09/08/2025	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
Jeremy Hofmann 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	08/13/2025	5167	421043.00
Jeremy Hofmann 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	08/15/2025	8168	697139.00

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 Zillow Group (ZG) report?

The form reports a proposed sale of 25,000 Common Class C shares valued at $2,249,839, to be sold via Charles Schwab on 09/08/2025.

How were the 25,000 shares acquired according to the filing?

The shares were acquired on 09/08/2025 through an employee stock option exercise, with payment described as a broker payment for a cashless exercise.

Did the filer report any recent sales of Zillow stock prior to this notice?

Yes. The filing lists two sales by Jeremy Hofmann: 08/13/2025 of 5,167 shares for $421,043, and 08/15/2025 of 8,168 shares for $697,139.

On which exchange is the proposed sale expected to occur?

The filing specifies the NASDAQ exchange as the trading venue for the proposed sale.

Does the filing include a representation about material non-public information?

Yes. The signer represents that they do not know any material adverse information about the issuer that is not publicly disclosed.