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  4. [Form 4] ZILLOW GROUP, INC. Insider Trading Activity

Zillow Group (Z) HR chief sells 5,135 shares over two days

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Zillow Group, Inc. executive Dan Spaulding, Chief People Officer, reported two sales of Class C Capital Stock. On August 13, 2026, he sold 1,966 shares at a weighted average price of $34.2444, with a footnote stating these shares were sold to cover tax withholding due upon vesting of restricted stock units. On August 14, 2026, he sold 3,169 shares at a weighted average price of $35.3692. Both sale prices reflect weighted averages over multiple transactions within disclosed price ranges. The Rule 10b5-1 trading plan checkbox was not marked as applicable.

Positive

  • None.

Negative

  • None.
Insider Spaulding Dan
Role Chief People Officer
Sold 5,135 shs ($179K)
Type Security Shares Price Value
Sale Class C Capital Stock F3 3,169 $35.3692 $112K
Sale Class C Capital Stock F1, F2 1,966 $34.2444 $67K
Holdings After Transaction: Class C Capital Stock — 44,561 shares (Direct)
Footnotes (3)
  1. F1. Represents shares sold to cover tax withholding due upon vesting of restricted stock units.
  2. F2. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $34.16 to $34.48. 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. F3. The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.3436 to $35.37. 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.
Shares sold August 13, 2026 1,966 shares Sale of Class C Capital Stock by Dan Spaulding on 2026-08-13
Weighted average price August 13, 2026 $34.2444 per share Multiple sale transactions ranging from $34.16 to $34.48
Shares sold August 14, 2026 3,169 shares Sale of Class C Capital Stock by Dan Spaulding on 2026-08-14
Weighted average price August 14, 2026 $35.3692 per share Multiple sale transactions ranging from $35.3436 to $35.37
Total shares sold 5,135 shares Combined Class C Capital Stock sales on August 13–14, 2026
Tax-withholding sale 1,966 shares Shares sold to cover tax withholding on vesting restricted stock units
Class C Capital Stock financial
"Two sales of Class C Capital Stock were reported by the executive"
restricted stock units financial
"tax withholding due upon vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average sale price financial
"The reported price is a weighted average sale price"
tax withholding financial
"shares sold to cover tax withholding due upon vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
non-derivative financial
"transaction_type is non-derivative for both entries"

FAQ

What insider transactions did Zillow Group (Z) report for Dan Spaulding?
Zillow Group reported that Dan Spaulding executed two sales of Class C Capital Stock totaling 5,135 shares on August 13–14, 2026. One sale covered tax withholding on vesting restricted stock units; both used weighted average sale prices.

How many Zillow Group (Z) shares did Dan Spaulding sell on each date?
Dan Spaulding sold 1,966 shares of Class C stock on August 13, 2026 and 3,169 shares on August 14, 2026. Combined, the transactions reported dispositions of 5,135 shares of Zillow Group Class C Capital Stock.

What prices did Dan Spaulding receive for his Zillow Group (Z) share sales?
The August 13, 2026 sale used a weighted average price of $34.2444 per share, with trades ranging from $34.16 to $34.48. The August 14, 2026 sale used a weighted average of $35.3692, with trades from $35.3436 to $35.37.

Were Dan Spaulding’s Zillow Group (Z) transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is indicated as false, meaning it does not affirm that these sales were made pursuant to a Rule 10b5-1 trading plan. No footnote describes them as plan-based transactions.

What type of Zillow Group (Z) security did Dan Spaulding sell?
All reported transactions involve Class C Capital Stock of Zillow Group, Inc. Both entries are categorized as non-derivative securities, reflecting direct ownership dispositions rather than option exercises or other derivative conversions.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Spaulding Dan
(Last)(First)(Middle)
C/O ZILLOW GROUP, INC.
1301 SECOND AVENUE, FLOOR 36
(Street)
SEATTLE WASHINGTON 98101
(City)(State)(Zip)
UNITED STATES
(Country)		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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief People Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class C Capital Stock08/13/2026S1,966(1)D$34.2444(2)47,730D
Class C Capital Stock08/14/2026S3,169D$35.3692(3)44,561D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $34.16 to $34.48. 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 $35.3436 to $35.37. 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-Fact08/17/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR