ZG Form 4: COO modifies options, disposes 45,710 Class C shares at $85.21 avg
Rhea-AI Filing Summary
Choo Jun, Chief Operating Officer of Zillow Group, Inc. (tickers Z and ZG), reported multiple equity transactions dated 08/07/2025. The filing shows modifications/acquisitions of stock options tied to 5,710, 10,000 and 30,000 Class C shares with exercise prices of $53.95, $40.36 and $38.78, respectively, and expirations of 03/07/2028, 03/01/2029 and 03/05/2031. Note 2 states the option is fully vested and exercisable.
On the same date the report shows non-derivative activity including acquisitions corresponding to those option figures and a disposition (sale) of 45,710 Class C shares at a weighted average price of $85.2105; the filing discloses sale prices ranged from $84.73 to $85.51. After the reported transactions one line shows 117,098 shares beneficially owned. The form was signed by an attorney-in-fact on 08/11/2025.
Positive
- Options are reported as fully vested and exercisable, per the filing's note.
- Post-transaction beneficial ownership is disclosed, with one reported line showing 117,098 Class C shares owned following the transactions.
Negative
- Reported sale of 45,710 Class C shares on 08/07/2025 at a weighted average price of $85.2105 (range $84.73–$85.51).
- Multiple modifications/transactions occurred on a single date, which may be viewed by some investors as increased insider liquidity.
Insights
TL;DR: COO disclosed option modifications and a meaningful sale of Class C shares on 08/07/2025.
The filing documents three option-related transactions covering 5,710; 10,000; and 30,000 underlying Class C shares with exercise prices of $53.95, $40.36 and $38.78 and expirations through 2031. The filer also sold 45,710 Class C shares at a weighted average of $85.2105 (reported range $84.73–$85.51). Note indicates options are fully vested and exercisable. From a capital-markets perspective, the combined disclosure shows exercised/modified derivative positions alongside an open-market sale, which investors will treat as routine insider liquidity absent other context.
TL;DR: Routine Form 4 reporting shows exercised/modified options and an insider sale; documentation and vesting status are clearly disclosed.
The submission identifies the reporting person as Choo Jun (COO) and provides required transaction detail: option modification entries, underlying share counts, exercise prices and expiration dates, plus a reported sale of 45,710 shares with a disclosed weighted average price and per-share range. The filing includes an explicit vesting statement (note 2) and a legal signature by an attorney-in-fact. From a governance standpoint, the report meets disclosure requirements by providing execution dates, prices and post-transaction beneficial ownership figures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 5,710 | $0.00 | -- |
| Exercise | Stock Option (right to buy) | 10,000 | $0.00 | -- |
| Exercise | Stock Option (right to buy) | 30,000 | $0.00 | -- |
| Exercise | Class C Capital Stock | 5,710 | $53.95 | $308K |
| Exercise | Class C Capital Stock | 10,000 | $40.36 | $404K |
| Exercise | Class C Capital Stock | 30,000 | $38.78 | $1.16M |
| Sale | Class C Capital Stock | 45,710 | $85.2105 | $3.89M |
Footnotes (1)
- The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $84.73 to $85.51. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range. Option is fully vested and exercisable.
