Zillow (ZG) insider sales disclosed; 3,333-share Form 144 filing

Rhea-AI Filing Summary

Form 144 notice for ZILLOW GROUP, INC. (common Class C) reports a proposed public sale of 3,333 shares acquired via an employee stock option exercise on 08/27/2025 with an aggregate market value of $283,498.00. The filing states the sale is to be executed through Charles Schwab & Co., Inc. on NASDAQ.

The filing also lists multiple sales by Lloyd D. Frink in the prior three months, including a 250,000-share sale on 08/14/2025 for $21,250,000.00. Outstanding shares shown are 185,964,745. The filer certifies no undisclosed material adverse information and indicates the exercise was a cashless broker payment.

Positive

• Transaction transparency: Filing specifies acquisition date, nature (employee option exercise), broker, planned sale date, and aggregate market value.
• Regulatory compliance: Form 144 completed and signed representation that no undisclosed material adverse information is known.

Negative

• Recent substantial insider sales: Lloyd D. Frink sold 250,000 shares on 08/14/2025 for $21,250,000.00, among other sales in the prior three months.
• Concentration of prior dispositions: Multiple sales by the same person over a short period are recorded, which may be relevant to investor perceptions of insider liquidity.

Insights

Securities Analyst

TL;DR: Insider exercised options and plans a small post-exercise sale; prior large insider sales occurred within three months.

The filing documents a planned sale of 3,333 Class C shares derived from an employee option exercise on 08/27/2025, executed cashless through a broker. The planned block represents a very small fraction of the 185,964,745 shares outstanding. However, recent disclosed sales by Lloyd D. Frink total significant volume in dollar terms, most notably 250,000 shares on 08/14/2025 for $21,250,000. These facts are material for monitoring insider liquidity but do not on their own provide information about company operations or financial performance.

Corporate Governance Expert

TL;DR: The notice complies with Rule 144 disclosures; multiple recent insider dispositions are documented.

The Form 144 includes required details: acquisition method (employee stock option exercise), date of acquisition and planned sale date, broker identity, and the aggregate market value. The filer affirms no undisclosed material adverse information. The record of several sales in the prior three months, including a large sale on 08/14/2025, is relevant for governance transparency and for stakeholders assessing insider trading patterns.

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	3333	283498.00	185964745	08/27/2025	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	08/27/2025	Employee Stock Option Exercise	ZILLOW GROUP, INC.			3333	08/27/2025	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
Lloyd D Frink 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	07/23/2025	27134	2194480.00
Lloyd D Frink 1301 SECOND AVENUE, FLOOR 36 SEATTLE CA 98101	ZILLOW GROUP, INC.	08/11/2025	671	54186.00
Lloyd D Frink 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	08/12/2025	5995	481791.00
Lloyd D Frink 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	08/13/2025	3334	275260.00
Lloyd D Frink 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	08/14/2025	250000	21250000.00

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 ZG Form 144 filed here disclose?

It discloses a proposed sale of 3,333 Class C shares acquired via an employee stock option exercise on 08/27/2025 with an aggregate market value of $283,498.00, to be sold through Charles Schwab on NASDAQ.

Who acquired the shares being sold under this Form 144?

The shares were acquired from ZILLOW GROUP, INC. on 08/27/2025 via an employee stock option exercise and were subject to a cashless broker payment.

Are there recent insider sales disclosed in the filing for ZG?

Yes. The filing lists multiple sales by Lloyd D. Frink in the past three months, including 250,000 shares sold on 08/14/2025 for $21,250,000.00.

What broker is handling the proposed sale listed in the Form 144?

The broker listed is Charles Schwab & Co., Inc. with an address shown as 3000 Schwab Way, Westlake TX 76262.

How many shares outstanding does the filing show for the issuer?

The filing reports 185,964,745 shares outstanding for the class reported.