ZG Form 144: 966 Shares From Restricted Stock Lapse Proposed for Sale

Rhea-AI Filing Summary

Zillow Group, Inc. (ZG) Form 144 shows an insider notice for the proposed sale of 966 shares of Common Class C stock through Charles Schwab & Co., Inc. with an aggregate market value of $79,125 and an approximate sale date of 09/03/2025 on NASDAQ. The shares were acquired on 09/01/2025 by restricted stock lapse from Zillow Group, Inc. and payment is listed as equity compensation. The filer also reported a prior sale on 06/09/2025 of 965 shares for gross proceeds of $67,888. The filing includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Disclosure completeness: filing names broker, acquisition method, payment nature, and includes prior sales in past 3 months
• Routine equity compensation: shares acquired via restricted stock lapse, indicating vesting rather than external sale pressure

Negative

• Insider sale activity: proposed sale and a recent sale total 1,931 shares, which may be noted by investors even if small
• No additional context: filing does not provide reasons for sale beyond compliance with Rule 144

Insights

Securities Analyst

TL;DR: Insider plans to sell a small position from recently vested restricted stock; transaction size is immaterial relative to total shares outstanding.

The notice documents a proposed sale of 966 Class C shares valued at $79,125, following acquisition by restricted stock lapse on 09/01/2025. The filing also discloses a near-equal sale of 965 shares on 06/09/2025 that generated $67,888. Compared with the reported 185,964,745 shares outstanding, these transactions are very small and unlikely to move market pricing on their own. The filing complies with Rule 144 disclosure requirements and signals routine disposition of equity compensation rather than a material shift in insider sentiment.

Corporate Governance Expert

TL;DR: Disclosure appears standard for post-vesting sales; includes required insider certification about undisclosed material information.

The Form 144 identifies the nature of acquisition as restricted stock lapse and notes payment as equity compensation, consistent with typical executive or employee vesting events. The filer represents they are unaware of any undisclosed material adverse information, and the broker is named as Charles Schwab & Co., Inc. The transaction sizes reported (966 and 965 shares) are routine and the filing follows procedural requirements for public sale notifications under Rule 144.

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	966	79125.00	185964745	09/03/2025	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	09/01/2025	Restricted Stock Lapse	ZILLOW GROUP, INC.			966	09/01/2025	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
ERIK C BLACHFORD 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP, INC.	06/09/2025	965	67888.00

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 Zillow Group Form 144 for ticker ZG disclose?

The notice discloses a proposed sale of 966 Class C shares valued at $79,125, acquired via restricted stock lapse on 09/01/2025, with an expected sale date of 09/03/2025 on NASDAQ.

Who is the broker handling the proposed sale in the Form 144?

The broker listed is Charles Schwab & Co., Inc. at 3000 Schwab Way, Westlake, TX 76262.

Were there any recent sales by the same person reported in the Form 144 filing?

Yes. The filing reports a sale on 06/09/2025 of 965 shares for gross proceeds of $67,888 by Erik C. Blachford.

How many shares outstanding does Zillow report in this Form 144?

The filing lists 185,964,745 shares outstanding for the class referenced.

What was the acquisition method for the shares to be sold?

The shares were acquired by Restricted Stock Lapse from Zillow Group, Inc., with payment noted as Equity Compensation.