Jeremy Hofmann - 18 May 2023 Form 3 Insider Report for ZILLOW GROUP, INC. (ZG)

Role: Chief Financial Officer
Signature: /s/ Shannon Cartales Attorney-in-Fact
Issuer symbol: ZG
Transactions as of: 18 May 2023
Net transactions value: $0
Form type: 3
Filing time: 19 May 2023, 18:09:30 UTC
Next filing: 19 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ZG	Class C Capital Stock						77,728	18 May 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	ZG	Stock Option (right to buy)							18 May 2023	Class C Capital Stock	6,717	$40.36	Direct	F2
holding	ZG	Stock Option (right to buy)							18 May 2023	Class C Capital Stock	30,000	$30.40	Direct	F3
holding	ZG	Stock Option (right to buy)							18 May 2023	Class C Capital Stock	23,451	$38.78	Direct	F3
holding	ZG	Stock Option (right to buy)							18 May 2023	Class C Capital Stock	1,058	$40.94	Direct	F2
holding	ZG	Stock Option (right to buy)							18 May 2023	Class C Capital Stock	112,500	$49.57	Direct	F3
holding	ZG	Stock Option (right to buy)							18 May 2023	Class C Capital Stock	77,405	$38.78	Direct	F3
holding	ZG	Stock Option (right to buy)							18 May 2023	Class C Capital Stock	4,102	$29.09	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Amount reported consists of: (a) 6,446 shares of Class C capital stock directly held by the reporting person; (b) 2,344 restricted stock units ("RSUs") from an award granted on 03/06/20 that vested as to 1/16th of the total amount of shares subject to the grant on 05/13/20, with the remainder vesting as to 1/16th on each of the issuer?s quarterly vesting dates thereafter until the RSUs are fully vested; (c) 9,359 RSUs from an award granted on 08/08/22 that vested as to 1/8th of the total amount of shares subject to the grant on 11/16/22, with the remainder vesting as to 1/8th on each of the issuer?s quarterly vesting dates thereafter until the RSUs are fully vested; and (c) 59,579 RSUs from an award granted on 03/07/23 that vested as to 1/12th of the total amount of shares subject to the grant on 05/17/23, with the remainder vesting as to 1/12th on each of the issuer?s quarterly vesting dates thereafter until the RSUs are fully vested.
F2	Option is fully vested and exercisable.
F3	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.