Zillow Group SEC Filings

Zillow Group insider plans to sell a small block of shares. A holder filed to sell 3,966 shares of Zillow Group Common Class C, with an aggregate market value of $175,378.00, through Charles Schwab on the NASDAQ around 02/12/2026.

The shares were acquired the same day via a restricted stock lapse as equity compensation from Zillow Group. In the prior three months, David A. Beitel sold 3,893 Zillow Group securities on 11/12/2025 for gross proceeds of $276,863.00.

Zillow Group Co-Executive Chairman and President Lloyd D. Frink reported option exercises and related share sales in Class C capital stock. On February 9, 10 and 11, 2026, he exercised stock options for 9,258 shares each day at an exercise price of $22.41 per share.

On each date, Frink then sold portions of the acquired Class C shares in multiple open-market transactions at weighted average prices, with disclosed price ranges from $44.13 to $56.05, under a Rule 10b5-1 trading plan adopted on December 11, 2024. After these transactions, he directly held 2,233,189 Class C shares and indirectly held 697,765 Class C shares through the Frink Descendants' Trust 12/30/04.

Zillow Group Co-Executive Chairman and President Lloyd D. Frink reported option exercises and related share sales in Class C capital stock. On February 9, 10 and 11, 2026, he exercised stock options for 9,258 shares each day at an exercise price of $22.41 per share.

On each date, Frink then sold portions of the acquired Class C shares in multiple open-market transactions at weighted average prices, with disclosed price ranges from $44.13 to $56.05, under a Rule 10b5-1 trading plan adopted on December 11, 2024. After these transactions, he directly held 2,233,189 Class C shares and indirectly held 697,765 Class C shares through the Frink Descendants' Trust 12/30/04.

Zillow Group, Inc. files its annual report describing how it is reimagining U.S. residential real estate through a large, data-driven online platform and integrated transaction strategy. The company runs the most visited real estate app and sites in the U.S., built on a living database of about 173 million homes and tools like the Zestimate.

Zillow highlights growth in its rentals marketplace, with 2.4 million average monthly active rental listings and about 33 million average monthly unique visitors in 2025. Rentals contributed 24% of total revenue and grew 39% year over year. Management estimates a total addressable market of about $202 billion across real estate transaction fees, mortgages, title, rentals advertising and property management software.

The report details initiatives such as Enhanced Markets, Zillow Preferred, Zillow Pro, Zillow Home Loans, and expanding AI-powered tools. It also outlines extensive risk factors tied to housing market conditions, regulatory and industry changes, technology, data integrity, competition and the company’s substantial reliance on third-party data and partners.

Zillow Group, Inc. files its annual report describing how it is reimagining U.S. residential real estate through a large, data-driven online platform and integrated transaction strategy. The company runs the most visited real estate app and sites in the U.S., built on a living database of about 173 million homes and tools like the Zestimate.

Zillow highlights growth in its rentals marketplace, with 2.4 million average monthly active rental listings and about 33 million average monthly unique visitors in 2025. Rentals contributed 24% of total revenue and grew 39% year over year. Management estimates a total addressable market of about $202 billion across real estate transaction fees, mortgages, title, rentals advertising and property management software.

The report details initiatives such as Enhanced Markets, Zillow Preferred, Zillow Pro, Zillow Home Loans, and expanding AI-powered tools. It also outlines extensive risk factors tied to housing market conditions, regulatory and industry changes, technology, data integrity, competition and the company’s substantial reliance on third-party data and partners.

Zillow Group reported strong growth and a return to profitability for Q4 and full-year 2025. Q4 revenue rose 18% year over year to $654 million, while full-year revenue grew 16% to $2.58 billion, far outpacing the U.S. residential real estate industry’s 3% growth.

GAAP net income was $3 million in Q4 and $23 million for 2025, compared with losses in 2024, as net income margin improved to 1%. Q4 Adjusted EBITDA reached $149 million and $622 million for the full year, with margins expanding to 23% and 24% on revenue growth and cost discipline.

Growth was broad-based: Q4 For Sale revenue rose 11% to $475 million, including 39% growth in mortgages revenue on a 67% jump in purchase originations to $1.5 billion. Rentals revenue surged 45% to $168 million, driven by 63% multifamily growth. Zillow ended 2025 with $1.3 billion in cash and investments and generated $420 million of Adjusted free cash flow, while repurchasing or receiving 12.6 million shares. For 2026, the company targets mid-teens revenue growth and further Adjusted EBITDA margin expansion.

Zillow Group reported strong growth and a return to profitability for Q4 and full-year 2025. Q4 revenue rose 18% year over year to $654 million, while full-year revenue grew 16% to $2.58 billion, far outpacing the U.S. residential real estate industry’s 3% growth.

GAAP net income was $3 million in Q4 and $23 million for 2025, compared with losses in 2024, as net income margin improved to 1%. Q4 Adjusted EBITDA reached $149 million and $622 million for the full year, with margins expanding to 23% and 24% on revenue growth and cost discipline.

Growth was broad-based: Q4 For Sale revenue rose 11% to $475 million, including 39% growth in mortgages revenue on a 67% jump in purchase originations to $1.5 billion. Rentals revenue surged 45% to $168 million, driven by 63% multifamily growth. Zillow ended 2025 with $1.3 billion in cash and investments and generated $420 million of Adjusted free cash flow, while repurchasing or receiving 12.6 million shares. For 2026, the company targets mid-teens revenue growth and further Adjusted EBITDA margin expansion.

Zillow Group filed a notice of proposed sale of 84,168 shares of its Common Class C stock, with an aggregate market value of $4,598,435.00. The shares are to be sold through Charles Schwab & Co., Inc. on the NASDAQ, with an approximate sale date of 02/09/2026.

The seller acquired these shares on 02/09/2026 via an employee stock option exercise, using a broker payment for a cashless exercise. Zillow Group had 186,200,151 shares of this class outstanding, providing context for the size of this proposed sale.

Zillow Group filed a notice of proposed sale of 84,168 shares of its Common Class C stock, with an aggregate market value of $4,598,435.00. The shares are to be sold through Charles Schwab & Co., Inc. on the NASDAQ, with an approximate sale date of 02/09/2026.

The seller acquired these shares on 02/09/2026 via an employee stock option exercise, using a broker payment for a cashless exercise. Zillow Group had 186,200,151 shares of this class outstanding, providing context for the size of this proposed sale.

FMR LLC and Abigail P. Johnson report beneficial ownership of 8,962,396.03 shares of Zillow Group Inc. Class C capital stock, representing 4.8% of that class as of December 31, 2025.

FMR LLC has sole voting power over 8,826,153.04 shares and sole dispositive power over 8,962,396.03 shares, while Abigail P. Johnson has sole dispositive power over the same 8,962,396.03 shares but no voting power. They state the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Zillow Group. One or more other persons may receive dividends or sale proceeds, but no such person holds more than 5% of the outstanding Class C shares.

FMR LLC and Abigail P. Johnson report beneficial ownership of 8,962,396.03 shares of Zillow Group Inc. Class C capital stock, representing 4.8% of that class as of December 31, 2025.

FMR LLC has sole voting power over 8,826,153.04 shares and sole dispositive power over 8,962,396.03 shares, while Abigail P. Johnson has sole dispositive power over the same 8,962,396.03 shares but no voting power. They state the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Zillow Group. One or more other persons may receive dividends or sale proceeds, but no such person holds more than 5% of the outstanding Class C shares.

Zillow Group, Inc. entered into a new Credit Agreement providing a $500 million revolving credit facility, which may be increased by an additional $250 million under specified conditions. As of January 30, 2026, no amounts were drawn.

The revolving loans can be borrowed and repaid until January 30, 2031, and may be prepaid or the commitments reduced without penalty. Borrowings will bear interest at either an Alternate Base Rate plus 0.25%–0.75% or SOFR plus 1.25%–1.75%, depending on Zillow’s total net leverage ratio, and an unused commitment fee of 0.25% applies.

The facility includes customary covenants, including a maximum Total Net Leverage Ratio of 3.75:1.00, with a 0.75:1.00 step-up allowed for four fiscal quarters following a Qualified Acquisition, up to two times. Obligations are guaranteed by Zillow Group, MFTB Holdco, Inc. and certain subsidiaries, and are secured by a first-priority lien on substantially all of their assets. Proceeds may be used for general corporate purposes.

Zillow Group, Inc. entered into a new Credit Agreement providing a $500 million revolving credit facility, which may be increased by an additional $250 million under specified conditions. As of January 30, 2026, no amounts were drawn.

The revolving loans can be borrowed and repaid until January 30, 2031, and may be prepaid or the commitments reduced without penalty. Borrowings will bear interest at either an Alternate Base Rate plus 0.25%–0.75% or SOFR plus 1.25%–1.75%, depending on Zillow’s total net leverage ratio, and an unused commitment fee of 0.25% applies.

The facility includes customary covenants, including a maximum Total Net Leverage Ratio of 3.75:1.00, with a 0.75:1.00 step-up allowed for four fiscal quarters following a Qualified Acquisition, up to two times. Obligations are guaranteed by Zillow Group, MFTB Holdco, Inc. and certain subsidiaries, and are secured by a first-priority lien on substantially all of their assets. Proceeds may be used for general corporate purposes.

Norges Bank, the central bank of Norway, reports beneficial ownership of 2,415,055 shares of Zillow Group Inc Class A common stock, representing 4.9% of that share class as of 12/31/2025. Norges Bank has sole voting and dispositive power over 2,228,493 of these shares and shared dispositive power over an additional 186,562 shares.

The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Zillow. Certain shares are invested on behalf of the Government of Norway, reflecting Norges Bank’s role as an institutional investment adviser.

Norges Bank, the central bank of Norway, reports beneficial ownership of 2,415,055 shares of Zillow Group Inc Class A common stock, representing 4.9% of that share class as of 12/31/2025. Norges Bank has sole voting and dispositive power over 2,228,493 of these shares and shared dispositive power over an additional 186,562 shares.

The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Zillow. Certain shares are invested on behalf of the Government of Norway, reflecting Norges Bank’s role as an institutional investment adviser.

Zillow Group, Inc. (ZG) Form 144 shows a proposed sale of 1,712 Class C common shares via Charles Schwab with an aggregate market value of $137,877 and an approximate sale date of 09/23/2025. The filer reports acquiring these shares on 09/23/2025 by an employee stock option exercise and using a broker payment for a cashless exercise. The filing also discloses multiple insider sales by Lloyd D. Frink during July–September 2025, including a single large sale of 250,000 shares on 08/14/2025 for $21,250,000, and other transactions totaling substantial gross proceeds across the period. The notice includes the standard attestation that the seller is not aware of undisclosed material adverse information.

Zillow Group insider sales notice under Rule 144 shows proposed sale of 3,333 Class C shares via Charles Schwab on 09/22/2025 with an aggregate market value of $275,461. The filing records that those shares were acquired the same day through an employee stock option exercise with a cashless broker payment. The filing also lists multiple sales by Lloyd D. Frink over the prior three months, including a large sale of 250,000 shares for $21,250,000 on 08/14/2025, and several smaller sales totaling tens of thousands of shares and millions in gross proceeds.