Errol G. Samuelson - Mar 26, 2023 Form 4 Insider Report for ZILLOW GROUP, INC. (ZG)

Signature
/s/ Shannon Cartales, Attorney-in-Fact
Stock symbol
ZG
Transactions as of
Mar 26, 2023
Transactions value $
-$179,732
Form type
4
Date filed
3/28/2023, 06:06 PM
Previous filing
Mar 9, 2023
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZG Class C Capital Stock Award $0 +7.94K +5.01% $0.00 166K Mar 26, 2023 Direct F1
transaction ZG Class C Capital Stock Sale -$180K -4.19K -2.52% $42.95 162K Mar 27, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Represents shares acquired under a restricted stock unit award that vested March 26, 2023 for that number of shares equal to $345,000 divided by the closing price of the Class C capital stock on March 24, 2023.
F2 Represents shares sold to cover tax withholding due upon vesting pursuant to a 10b5-1 trading plan adopted by the reporting person on November 30, 2015.
F3 The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $42.80 to $43.0950. 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.