Jun Choo - 27 Feb 2025 Form 4 Insider Report for ZILLOW GROUP, INC. (ZG)

Role: Chief Operating Officer
Signature: /s/ Shannon Cartales Attorney-in-Fact
Issuer symbol: ZG
Transactions as of: 27 Feb 2025
Net transactions value: -$2,166,932
Form type: 4
Filing time: 03 Mar 2025, 17:50:44 UTC
Previous filing: 14 Feb 2025
Next filing: 12 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	Z AND ZG	Class C Capital Stock	Options Exercise	$2,132,900	+55,000	+63%	$38.78	141,853	27 Feb 2025	Direct
transaction	Z AND ZG	Class C Capital Stock	Sale	$3,903,686	-49,959	-35%	$78.14	91,894	27 Feb 2025	Direct	F1
transaction	Z AND ZG	Class C Capital Stock	Sale	$396,145	-5,041	-5.5%	$78.58	86,853	27 Feb 2025	Direct	F2
transaction	Z AND ZG	Class C Capital Stock	Award	$0	+43,333	+50%	$0.000000	130,186	27 Feb 2025	Direct	F3

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
transaction	Z AND ZG	Stock Option (right to buy)	Options Exercise	$0	-55,000	-50%	$0.000000	55,575	27 Feb 2025	Class C Capital Stock	55,000	$38.78	Direct	F4
transaction	Z AND ZG	Stock Option (right to buy)	Award	$0	+129,999		$0.000000	129,999	27 Feb 2025	Class C Capital Stock	129,999	$76.32	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $77.50 to $78.50. 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.
F2	The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $78.5050 to $78.72. 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.
F3	Represents a grant of restricted stock units that will vest as to 1/16th of the total amount of shares subject to the grant on each of the issuer's quarterly vesting dates until the restricted stock units are fully vested.
F4	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.