Lloyd D. Frink - 22 Sep 2025 Form 4 Insider Report for ZILLOW GROUP, INC. (ZG)

Reporting relationship: Co -Exec. Chairman & President, Director, Co-Founder
Issuer ticker: ZG
Reported as of: 22 Sep 2025
Net transaction value: -$345,750
SEC form: 4
Accepted by SEC: 24 Sep 2025, 18:08:04 UTC
Prior SEC filing: 12 Sep 2025
Next SEC filing: 11 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Shannon Cartales Attorney-in-Fact

Key filing fact

Lloyd D. Frink filed Form 4 for ZILLOW GROUP, INC. (ZG) on 24 Sep 2025.

Key facts

This page summarizes Lloyd D. Frink's Form 4 filing for ZILLOW GROUP, INC. (ZG).
13 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 24 Sep 2025, 18:08.

Change

Previous filing in this sequence was filed on 12 Sep 2025.
Current net transaction value: -$345,750.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001524265 Primary reporting owner

Frink Lloyd D

Relationship: Co -Exec. Chairman & President, Director, Co-Founder
Address: C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE, FLOOR 36, SEATTLE
Signature: /s/ Shannon Cartales Attorney-in-Fact
Signature date: 24 Sep 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

Z AND ZG transaction

Class C Capital Stock

Options Exercise

Transaction value: $74,693
Shares: +3,333
Change %: +0.15%
Price: $22.41
Shares after: 2,236,522
Date: 22 Sep 2025
Ownership: Direct

Z AND ZG transaction

Class C Capital Stock

Sale

Transaction value: $106,865
Shares: -1,315
Change %: -0.06%
Price: $81.27
Shares after: 2,235,207
Date: 22 Sep 2025
Ownership: Direct
Footnotes: F1, F2

Z AND ZG transaction

Class C Capital Stock

Sale

Transaction value: $42,430
Shares: -515
Change %: -0.02%
Price: $82.39
Shares after: 2,234,692
Date: 22 Sep 2025
Ownership: Direct
Footnotes: F1, F3

Z AND ZG transaction

Class C Capital Stock

Sale

Transaction value: $116,850
Shares: -1,393
Change %: -0.06%
Price: $83.88
Shares after: 2,233,299
Date: 22 Sep 2025
Ownership: Direct
Footnotes: F1, F4

Z AND ZG transaction

Class C Capital Stock

Sale

Transaction value: $9,315
Shares: -110
Change %: -0%
Price: $84.68
Shares after: 2,233,189
Date: 22 Sep 2025
Ownership: Direct
Footnotes: F1, F5

Z AND ZG transaction

Class C Capital Stock

Options Exercise

Transaction value: $38,366
Shares: +1,712
Change %: +0.08%
Price: $22.41
Shares after: 2,234,901
Date: 23 Sep 2025
Ownership: Direct

Z AND ZG transaction

Class C Capital Stock

Sale

Transaction value: $116,429
Shares: -1,448
Change %: -0.06%
Price: $80.41
Shares after: 2,233,453
Date: 23 Sep 2025
Ownership: Direct
Footnotes: F1, F6

Z AND ZG transaction

Class C Capital Stock

Sale

Transaction value: $21,448
Shares: -264
Change %: -0.01%
Price: $81.24
Shares after: 2,233,189
Date: 23 Sep 2025
Ownership: Direct
Footnotes: F1, F7

Z AND ZG transaction

Class C Capital Stock

Options Exercise

Transaction value: $17,637
Shares: +787
Change %: +0.04%
Price: $22.41
Shares after: 2,233,976
Date: 24 Sep 2025
Ownership: Direct

Z AND ZG transaction

Class C Capital Stock

Sale

Transaction value: $63,108
Shares: -787
Change %: -0.04%
Price: $80.19
Shares after: 2,233,189
Date: 24 Sep 2025
Ownership: Direct
Footnotes: F1, F8

Z AND ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 697,765
Date: 22 Sep 2025
Ownership: Frink Descendants' Trust 12/30/04

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

Z AND ZG transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -3,333
Change %: -3.7%
Price: $0.000000
Shares after: 86,667
Date: 22 Sep 2025
Ownership: Direct
Underlying class: Class C Capital Stock
Underlying amount: 3,333
Exercise price: $22.41
Footnotes: F9

Z AND ZG transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -1,712
Change %: -2%
Price: $0.000000
Shares after: 84,955
Date: 23 Sep 2025
Ownership: Direct
Underlying class: Class C Capital Stock
Underlying amount: 1,712
Exercise price: $22.41
Footnotes: F9

Z AND ZG transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -787
Change %: -0.93%
Price: $0.000000
Shares after: 84,168
Date: 24 Sep 2025
Ownership: Direct
Underlying class: Class C Capital Stock
Underlying amount: 787
Exercise price: $22.41
Footnotes: F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 9 footnotes

Footnote F1

The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2024.

Footnote F2

The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $80.83 to $81.83. 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.

Footnote F3

The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $81.90 to $82.67. 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.

Footnote F4

The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $83.42 to $84.23. 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.

Footnote F5

The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $84.59 to $84.85. 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.

Footnote F6

The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.94. 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.

Footnote F7

The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $81.02 to $81.72. 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.

Footnote F8

The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.74. 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.

Footnote F9

Option is fully vested and exercisable.