Zillow Group (NASDAQ: Z) CTO receives grant of 210,000 stock options

Rhea-AI Filing Summary

Beitel David A. reported acquisition or exercise transactions in this Form 4 filing.

Zillow Group Chief Technology Officer receives stock option grant covering 210,000 shares of the company’s stock. The option was awarded on March 2, 2026, with a grant price of $0.00 per share, reflecting a compensatory equity award rather than an open-market purchase.

According to the vesting terms, one-sixteenth of the total shares become exercisable on the first vesting date, and an additional one-sixteenth vests on each of Zillow’s quarterly vesting dates until the option is fully vested, aligning the CTO’s incentives with longer-term company 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

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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)
03/02/2026

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

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)	$43.54	03/02/2026		A		210,000		05/14/2026(1)	03/02/2036	Class C Capital Stock	210,000	$0	210,000	D

Explanation of Responses:

1. Date at which first vesting occurs is indicated. 1/16th of the total number of shares subject to the option become exercisable at the first vesting date and an additional 1/16th become exercisable on each issuer quarterly vesting date occurring thereafter until the option is fully vested.

Remarks:

	/s/ Shannon Cartales Attorney-in-Fact	03/04/2026
	** 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 (Z) report in this Form 4 for its CTO?

Zillow Group reported that its Chief Technology Officer received a stock option grant for 210,000 shares. The options were awarded as a compensatory grant, not an open-market trade, and are intended to align executive incentives with the company’s long-term performance.

How many stock options did Zillow Group’s CTO acquire in this filing?

The CTO acquired 210,000 stock options, each representing a right to buy one share of Zillow Group stock. These options were granted at a price of $0.00 per share, highlighting their role as equity-based compensation rather than a purchase on the open market.

What is the vesting schedule for the Zillow Group CTO’s 210,000 options?

The vesting schedule provides that 1/16th of the options becomes exercisable on the first vesting date. Another 1/16th vests on each subsequent quarterly vesting date set by Zillow, so the entire grant gradually becomes exercisable over multiple quarters.

Was this Zillow Group CTO transaction a stock purchase or a grant?

This transaction is a grant of stock options, classified as an acquisition under code “A” for grant, award, or other acquisition. It is not an open-market stock purchase or sale, but part of the CTO’s overall equity compensation package.

What does a $0.00 grant price mean for the Zillow Group CTO options?

A grant price of $0.00 per share reflects that these are compensatory stock options awarded without cash payment at grant. The Form 4 records the award terms and vesting details, rather than a cash transaction involving buying or selling shares in the market.

How many derivative securities does the Zillow Group CTO hold after this grant?

After this grant, the CTO holds 210,000 derivative securities in the form of stock options. The Form 4 indicates this total as directly owned, reflecting the full amount of options reported as beneficially owned following the transaction.