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

Rhea-AI Filing Summary

David A. Beitel, Chief Technology Officer of Zillow Group, reported sales of Class C capital stock on 08/13/2025 to cover tax withholding on vested restricted stock units. He sold 1,766 shares at a weighted-average price of $80.8556 (transactions ranged $80.50–$81.42) and 1,912 shares at a weighted-average price of $82.0509 (transactions ranged $81.59–$82.43). Following those dispositions he beneficially owned 168,971 and 167,059 shares in the respective Class C lines reported. The Form 4 was signed by an attorney-in-fact on 08/15/2025 and states the sales were to satisfy tax withholding upon vesting.

Positive

• Transparent disclosure of transaction purpose, quantities, weighted-average prices, and price ranges
• Post-transaction beneficial ownership counts are reported for each Class C line

Negative

• None.

Insights

Securities Analyst

Routine tax-withholding stock sales by an executive; not a change in control or new compensation plan.

The Form 4 documents two small-block sales of Class C shares by the CTO to satisfy tax withholding on RSU vesting. The filing discloses weighted-average prices and the price ranges for constituent trades and reports post-transaction beneficial ownership counts. There is no indication of additional derivative exercises or open-market selling beyond the tax-related dispositions. For investors, this filing is a routine insider administrative sale rather than a strategic disposal.

Corporate Governance Expert

Disclosure complies with Section 16 reporting: specific quantities, prices, and purpose are provided.

The filer includes transaction codes, per-share weighted-average prices, and explanatory notes that the shares were sold to cover tax withholding upon RSU vesting, fulfilling common Form 4 disclosure expectations. The signature by attorney-in-fact is provided with date. The report contains no amendments or additional governance actions. This is a standard reporting event from a governance and compliance perspective.

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^*

Beitel David A.

(Last) (First) (Middle)

C/O ZILLOW GROUP, INC.

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 Technology 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		1,766(1)	D	$80.8556(2)	168,971	D
Class C Capital Stock	08/13/2025		S		1,912(1)	D	$82.0509(3)	167,059	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 $80.50 to $81.42. 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 $82.43. 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 (ZG) insider David A. Beitel report on Form 4?

He reported sales of Class C capital stock on 08/13/2025 to cover tax withholding related to vested RSUs: 1,766 shares at a weighted-average of $80.8556 and 1,912 shares at a weighted-average of $82.0509.

Why were the shares sold according to the Form 4?

The Form 4 states the sales were made to cover tax withholding upon vesting of restricted stock units.

How many shares did Beitel beneficially own after the reported transactions?

Following the reported sales, the filing lists beneficial ownership of 168,971 and 167,059 shares in the respective Class C lines reported.

What price ranges were the reported share sales executed at?

The filing discloses the sales occurred in multiple transactions with prices ranging $80.50–$81.42 for one lot and $81.59–$82.43 for the other.

When was the Form 4 signed and by whom?

The Form 4 shows a signature by Shannon Cartales, Attorney-in-Fact dated 08/15/2025.