STOCK TITAN

[Form 4] ZILLOW GROUP INC CLASS A Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
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.

Choo Jun, Chief Operating Officer di Zillow Group, Inc. (simboli Z e ZG), ha comunicato più operazioni sul capitale datate 08/07/2025. La dichiarazione segnala modifiche/acquisizioni di opzioni su azioni relative a 5,710, 10,000 e 30,000 azioni di Classe C con prezzi di esercizio di $53.95, $40.36 e $38.78 e scadenze rispettivamente il 03/07/2028, 03/01/2029 e 03/05/2031. La Nota 2 indica che l'opzione è completamente maturata ed esercitabile.

Nella stessa data il rapporto mostra attività non derivate, incluse acquisizioni corrispondenti a quelle opzioni e una cessione (vendita) di 45,710 azioni di Classe C a un prezzo medio ponderato di $85.2105; la documentazione riporta prezzi di vendita compresi tra $84.73 e $85.51. Dopo le operazioni riportate una riga indica la detenzione beneficiaria di 117,098 azioni. Il modulo è stato firmato da un procuratore (attorney-in-fact) il 08/11/2025.

Choo Jun, Director de Operaciones de Zillow Group, Inc. (símbolos Z y ZG), informó varias transacciones de valores fechadas 08/07/2025. El informe muestra modificaciones/adquisiciones de opciones sobre acciones vinculadas a 5,710, 10,000 y 30,000 acciones Clase C con precios de ejercicio de $53.95, $40.36 y $38.78, y vencimientos el 03/07/2028, 03/01/2029 y 03/05/2031. La Nota 2 indica que la opción está totalmente adquirida y ejercitable.

En la misma fecha el informe muestra actividad no derivada, incluyendo adquisiciones correspondientes a esas opciones y una disposición (venta) de 45,710 acciones Clase C a un precio medio ponderado de $85.2105; el expediente revela precios de venta entre $84.73 y $85.51. Tras las operaciones informadas, una línea muestra 117,098 acciones de propiedad beneficiaria. El formulario fue firmado por un apoderado el 08/11/2025.

Choo Jun, Zillow Group, Inc.의 최고운영책임자(종목코드 ZZG),는 08/07/2025자 여러 지분 거래를 신고했습니다. 제출서류에는 $53.95, $40.36, $38.78의 행사가격을 가진 각각 5,710, 10,000, 30,000개의 클래스 C 주식에 연동된 주식옵션의 변경/취득이 기재되어 있으며 만기는 03/07/2028, 03/01/2029, 03/05/2031입니다. 주석 2에는 해당 옵션이 완전히 취득되어 행사 가능하다고 명시되어 있습니다.

동일한 날짜의 보고서에는 비파생(현물) 활동도 표시되어 있으며, 해당 옵션에 해당하는 취득과 함께 45,710주 클래스 C 주식의 처분(매도)이 가중평균가격 $85.2105에 이루어진 것으로 기재되어 있습니다; 매도가격 범위는 $84.73 ~ $85.51였습니다. 보고된 거래 이후 한 항목에 117,098주의 수혜적 보유가 표시되어 있습니다. 양식은 대리인(attorney-in-fact)이 08/11/2025에 서명했습니다.

Choo Jun, directeur des opérations de Zillow Group, Inc. (symbols Z et ZG), a déclaré plusieurs transactions sur titres datées du 08/07/2025. Le dépôt fait état de modifications/acquisitions d'options sur actions liées à 5,710, 10,000 et 30,000 actions de classe C avec des prix d'exercice de $53.95, $40.36 et $38.78 et des échéances au 03/07/2028, 03/01/2029 et 03/05/2031. La note 2 précise que l'option est entièrement acquise et exerçable.

À la même date, le rapport indique des opérations non dérivées, y compris des acquisitions correspondant à ces options et une cession (vente) de 45,710 actions de classe C à un prix moyen pondéré de $85.2105 ; le dossier divulgue des prix de vente allant de $84.73 à $85.51. Après les transactions déclarées, une ligne indique la détention bénéficiaire de 117,098 actions. Le formulaire a été signé par un mandataire (attorney-in-fact) le 08/11/2025.

Choo Jun, Chief Operating Officer von Zillow Group, Inc. (Ticker Z und ZG), meldete mehrere Eigenkapitaltransaktionen datiert 08/07/2025. Die Einreichung weist Änderungen/Erwerbe von Aktienoptionen aus, die sich auf 5,710, 10,000 und 30,000 Class‑C‑Aktien beziehen, mit Ausübungspreisen von $53.95, $40.36 und $38.78 sowie Laufzeiten zum 03/07/2028, 03/01/2029 und 03/05/2031. Hinweis 2 besagt, dass die Option vollständig unverfallbar und ausübbar ist.

Am selben Datum zeigt der Bericht nicht‑derivative Aktivitäten, einschließlich Erwerben, die diesen Optionen entsprechen, und eine Veräußerung (Verkauf) von 45,710 Class C‑Aktien zu einem gewichteten Durchschnittspreis von $85.2105; die Einreichung gibt Verkaufspreise zwischen $84.73 und $85.51 an. Nach den gemeldeten Transaktionen wird in einer Zeile ein wirtschaftlicher Besitz von 117,098 Aktien ausgewiesen. Das Formular wurde am 08/11/2025 von einem Bevollmächtigten (attorney‑in‑fact) unterzeichnet.

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.

Choo Jun, Chief Operating Officer di Zillow Group, Inc. (simboli Z e ZG), ha comunicato più operazioni sul capitale datate 08/07/2025. La dichiarazione segnala modifiche/acquisizioni di opzioni su azioni relative a 5,710, 10,000 e 30,000 azioni di Classe C con prezzi di esercizio di $53.95, $40.36 e $38.78 e scadenze rispettivamente il 03/07/2028, 03/01/2029 e 03/05/2031. La Nota 2 indica che l'opzione è completamente maturata ed esercitabile.

Nella stessa data il rapporto mostra attività non derivate, incluse acquisizioni corrispondenti a quelle opzioni e una cessione (vendita) di 45,710 azioni di Classe C a un prezzo medio ponderato di $85.2105; la documentazione riporta prezzi di vendita compresi tra $84.73 e $85.51. Dopo le operazioni riportate una riga indica la detenzione beneficiaria di 117,098 azioni. Il modulo è stato firmato da un procuratore (attorney-in-fact) il 08/11/2025.

Choo Jun, Director de Operaciones de Zillow Group, Inc. (símbolos Z y ZG), informó varias transacciones de valores fechadas 08/07/2025. El informe muestra modificaciones/adquisiciones de opciones sobre acciones vinculadas a 5,710, 10,000 y 30,000 acciones Clase C con precios de ejercicio de $53.95, $40.36 y $38.78, y vencimientos el 03/07/2028, 03/01/2029 y 03/05/2031. La Nota 2 indica que la opción está totalmente adquirida y ejercitable.

En la misma fecha el informe muestra actividad no derivada, incluyendo adquisiciones correspondientes a esas opciones y una disposición (venta) de 45,710 acciones Clase C a un precio medio ponderado de $85.2105; el expediente revela precios de venta entre $84.73 y $85.51. Tras las operaciones informadas, una línea muestra 117,098 acciones de propiedad beneficiaria. El formulario fue firmado por un apoderado el 08/11/2025.

Choo Jun, Zillow Group, Inc.의 최고운영책임자(종목코드 ZZG),는 08/07/2025자 여러 지분 거래를 신고했습니다. 제출서류에는 $53.95, $40.36, $38.78의 행사가격을 가진 각각 5,710, 10,000, 30,000개의 클래스 C 주식에 연동된 주식옵션의 변경/취득이 기재되어 있으며 만기는 03/07/2028, 03/01/2029, 03/05/2031입니다. 주석 2에는 해당 옵션이 완전히 취득되어 행사 가능하다고 명시되어 있습니다.

동일한 날짜의 보고서에는 비파생(현물) 활동도 표시되어 있으며, 해당 옵션에 해당하는 취득과 함께 45,710주 클래스 C 주식의 처분(매도)이 가중평균가격 $85.2105에 이루어진 것으로 기재되어 있습니다; 매도가격 범위는 $84.73 ~ $85.51였습니다. 보고된 거래 이후 한 항목에 117,098주의 수혜적 보유가 표시되어 있습니다. 양식은 대리인(attorney-in-fact)이 08/11/2025에 서명했습니다.

Choo Jun, directeur des opérations de Zillow Group, Inc. (symbols Z et ZG), a déclaré plusieurs transactions sur titres datées du 08/07/2025. Le dépôt fait état de modifications/acquisitions d'options sur actions liées à 5,710, 10,000 et 30,000 actions de classe C avec des prix d'exercice de $53.95, $40.36 et $38.78 et des échéances au 03/07/2028, 03/01/2029 et 03/05/2031. La note 2 précise que l'option est entièrement acquise et exerçable.

À la même date, le rapport indique des opérations non dérivées, y compris des acquisitions correspondant à ces options et une cession (vente) de 45,710 actions de classe C à un prix moyen pondéré de $85.2105 ; le dossier divulgue des prix de vente allant de $84.73 à $85.51. Après les transactions déclarées, une ligne indique la détention bénéficiaire de 117,098 actions. Le formulaire a été signé par un mandataire (attorney-in-fact) le 08/11/2025.

Choo Jun, Chief Operating Officer von Zillow Group, Inc. (Ticker Z und ZG), meldete mehrere Eigenkapitaltransaktionen datiert 08/07/2025. Die Einreichung weist Änderungen/Erwerbe von Aktienoptionen aus, die sich auf 5,710, 10,000 und 30,000 Class‑C‑Aktien beziehen, mit Ausübungspreisen von $53.95, $40.36 und $38.78 sowie Laufzeiten zum 03/07/2028, 03/01/2029 und 03/05/2031. Hinweis 2 besagt, dass die Option vollständig unverfallbar und ausübbar ist.

Am selben Datum zeigt der Bericht nicht‑derivative Aktivitäten, einschließlich Erwerben, die diesen Optionen entsprechen, und eine Veräußerung (Verkauf) von 45,710 Class C‑Aktien zu einem gewichteten Durchschnittspreis von $85.2105; die Einreichung gibt Verkaufspreise zwischen $84.73 und $85.51 an. Nach den gemeldeten Transaktionen wird in einer Zeile ein wirtschaftlicher Besitz von 117,098 Aktien ausgewiesen. Das Formular wurde am 08/11/2025 von einem Bevollmächtigten (attorney‑in‑fact) unterzeichnet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Choo Jun

(Last) (First) (Middle)
1301 SECOND AVENUE FLOOR 36

(Street)
SEATTLE WA 98101

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ZILLOW GROUP, INC. [ Z AND ZG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class C Capital Stock 08/07/2025 M 5,710 A $53.95 122,808 D
Class C Capital Stock 08/07/2025 M 10,000 A $40.36 132,808 D
Class C Capital Stock 08/07/2025 M 30,000 A $38.78 162,808 D
Class C Capital Stock 08/07/2025 S 45,710 D $85.2105(1) 117,098 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $53.95 08/07/2025 M 5,710 (2) 03/07/2028 Class C Capital Stock 5,710 $0 0 D
Stock Option (right to buy) $40.36 08/07/2025 M 10,000 (2) 03/01/2029 Class C Capital Stock 10,000 $0 0 D
Stock Option (right to buy) $38.78 08/07/2025 M 30,000 (2) 03/05/2031 Class C Capital Stock 30,000 $0 25,575 D
Explanation of Responses:
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.
2. Option is fully vested and exercisable.
Remarks:
/s/ Shannon Cartales Attorney-in-Fact 08/11/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for Zillow Group (ZG)?

Choo Jun, identified as Chief Operating Officer of Zillow Group, filed the Form 4 (reporting was signed by an attorney-in-fact).

What transactions were reported on 08/07/2025 in the ZG Form 4?

The filing reports option-related transactions covering 5,710, 10,000 and 30,000 underlying Class C shares and a sale of 45,710 Class C shares on 08/07/2025.

What prices and ranges are disclosed for the Zillow (ZG) share sale?

The sale of 45,710 shares had a weighted average price of $85.2105; the filing discloses sales occurred between $84.73 and $85.51.

Are the reported stock options vested and exercisable?

Yes. Note 2 in the filing states the option is fully vested and exercisable.

What are the exercise prices and expiration dates for the modified options?

Exercise prices reported: $53.95 (underlying 5,710, expiring 03/07/2028), $40.36 (10,000, expiring 03/01/2029), and $38.78 (30,000, expiring 03/05/2031).

When was the Form 4 signed?

The form was signed by an attorney-in-fact, Shannon Cartales, on 08/11/2025.
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