Zillow (ZG) Form 144: Insider Plans Sale of 5,680 Class C Shares

Zillow Group, Inc. (ZG) Form 144 filing for insider sales and a proposed sale of Class C common shares.

Rhea-AI Filing Summary

Zillow Group, Inc. (ZG) Form 144 filing for insider sales and a proposed sale of Class C common shares. The filer reports a proposed sale of 5,680 Class C shares with an aggregate market value of $484,064 to be sold on 08/15/2025 through Charles Schwab & Co., Inc. The securities were acquired on 08/13/2025 by a restricted stock lapse from Zillow Group, Inc., and paid as equity compensation.

The filing also discloses sales by Daniel Spaulding in the past three months: 5,534 shares on 05/16/2025 for $381,725, 100,000 shares on 08/07/2025 for $8,591,391, and 3,593 shares on 08/13/2025 for $292,788. Several issuer and filer identification fields are blank in the provided content.

Positive

• Transparent reporting of the proposed sale amount and trading venue (Charles Schwab & Co., Inc., NASDAQ).
• Dates and amounts for recent sales are provided, including a large 100,000-share sale with gross proceeds of $8,591,391.

Negative

• Key identification fields are blank in the provided content (filer CIK/CCC and issuer name/address entries are missing), reducing traceability.
• No stated relationship to the issuer for the person whose account is selling, which limits governance context.

Insights

Securities Analyst

TL;DR: Insider plans to sell 5,680 Class C shares after a recent restricted stock lapse; significant prior sales by the same individual in August.

The filing shows a post-vesting sale plan: 5,680 shares arose from a restricted stock lapse dated 08/13/2025 and are slated for sale on 08/15/2025 through Charles Schwab. The seller, Daniel Spaulding, executed large prior dispositions including a 100,000-share sale on 08/07/2025 that generated roughly $8.59 million. These are routine insider liquidity events tied to equity compensation rather than disclosed corporate transactions. The filing lacks certain issuer and filer identifiers, which limits traceability within public records.

Corporate Governance Expert

TL;DR: Disclosure is consistent with Rule 144 mechanics but omits some issuer/filer details; represents insider cashing out vested equity.

The material here is procedural: a restricted stock lapse triggered sale capacity and the filer affirmed no undisclosed material adverse information. Multiple sales in the same window indicate planned insider liquidity. Absence of explicit relationship-to-issuer and some contact details in the provided text reduces completeness for governance review, though the core transaction specifics are reported.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is being proposed for sale in the Zillow (ZG) Form 144?

The filer proposes to sell 5,680 Class C common shares with an aggregate market value of $484,064 on 08/15/2025 via Charles Schwab & Co., Inc.

How were the 5,680 shares acquired according to the filing?

They were acquired on 08/13/2025 by restricted stock lapse from Zillow Group, Inc., and paid as equity compensation.

What recent insider sales are disclosed for the seller?

Daniel Spaulding sold 5,534 shares on 05/16/2025 for $381,725, 100,000 shares on 08/07/2025 for $8,591,391, and 3,593 shares on 08/13/2025 for $292,788.

Through which exchange and broker will the proposed sale occur?

The sale is listed to occur on NASDAQ through Charles Schwab & Co., Inc.

Does the filing indicate any undisclosed material information about Zillow?

By signing the notice, the seller represents they do not know any material adverse information

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/15/2025 - 04:21 PM Learn about SEC filing dates

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	0001771798
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ZILLOW GROUP, INC.
SEC File Number	001-36853
Address of Issuer	1301 SECOND AVENUE, FLOOR 36 SEATTLE WASHINGTON 98101
Phone	(206) 470-7000
Name of Person for Whose Account the Securities are To Be Sold	Spaulding Dan
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	Officer

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	5680	484064.00	185964745	08/15/2025	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.			5680	08/13/2025	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
DANIEL SPAULDING 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP INC.	05/16/2025	5534	381725.00
DANIEL SPAULDING 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP INC.	08/07/2025	100000	8591391.00
DANIEL SPAULDING 1301 SECOND AVENUE, FLOOR 36 SEATTLE WA 98101	ZILLOW GROUP INC.	08/13/2025	3593	292788.00

144: Remarks and Signature

Remarks	Shares sold in the SPAULDING FAMILY TRUST account.
Date of Notice	08/15/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/30/2024
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	DANIEL SPAULDING TTEE
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)