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

Rhea-AI Filing Summary

Choo Jun, Chief Operating Officer of Zillow Group, reported the sale of company Class C shares on 08/13/2025 to satisfy tax withholding from vested restricted stock units. The filing shows two sell transactions: 1,430 shares reported at a weighted average price of $80.8679 (sales ranged $80.585–$81.48) and 1,539 shares reported at a weighted average price of $82.0182 (sales ranged $81.59–$82.485). After the reported dispositions the filing lists beneficial ownership amounts of 115,668 and 114,129 Class C shares respectively. The Form 4 was signed on 08/15/2025 by an attorney-in-fact.

Insights

Corporate Governance Expert

TL;DR: Routine tax-withholding sale by an insider after RSU vesting; no governance red flags visible in this Form 4.

This Form 4 documents routine sales by the Chief Operating Officer to cover tax obligations tied to vested restricted stock units. The transactions are fully disclosed with share counts, weighted average prices and price ranges. There is no indication of additional derivative transactions, scheduled trading plans, or unusual timing in the filing text provided. From a governance perspective, timely disclosure of these cover-sales follows Section 16 reporting requirements and does not in itself signal material change to board composition or compensation policy.

Securities Analyst

TL;DR: Insider sold small portions of equity to meet tax liabilities; transactions are modest relative to typical executive holdings.

The filing lists two disposals totaling 2,969 Class C shares executed at weighted average prices of $80.8679 and $82.0182. The reported remaining beneficial ownership figures (115,668 and 114,129 shares) indicate the seller retains a substantial position. These sales are described explicitly as shares sold to cover withholding on vested RSUs, a common occurrence that generally has limited informational content about the company's operations or near-term performance.

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
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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)
08/13/2025

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	08/13/2025		S		1,430(1)	D	$80.8679(2)	115,668	D
Class C Capital Stock	08/13/2025		S		1,539(1)	D	$82.0182(3)	114,129	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

Explanation of Responses:

1. Represents shares sold to cover tax withholding due upon vesting of restricted stock units.

2. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $80.585 to $81.48. 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.

3. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $81.59 to $82.485. 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.

Remarks:

	/s/ Shannon Cartales Attorney-in-Fact	08/15/2025
	** 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

What did Zillow Group insider Choo Jun do on 08/13/2025?

Choo Jun sold a total of 2,969 Class C shares on 08/13/2025 to cover tax withholding from vested restricted stock units.

How many shares did Choo Jun sell and at what prices?

The filing reports sale of 1,430 shares at a weighted average price of $80.8679 (range $80.585–$81.48) and 1,539 shares at a weighted average price of $82.0182 (range $81.59–$82.485).

What is Choo Jun's role at Zillow Group as listed on the Form 4?

The Form 4 identifies Choo Jun as an Officer with the title Chief Operating Officer.

How many Class C shares does the filing show Choo Jun beneficially owned after the transactions?

The filing shows beneficial ownership amounts of 115,668 and 114,129 Class C shares following the reported transactions.

Who signed the Form 4 and when?

The Form 4 was signed by Shannon Cartales, Attorney-in-Fact, on 08/15/2025.