Jay C. Hoag - 13 Feb 2026 Form 4 Insider Report for ZILLOW GROUP, INC. (ZG)

Reporting relationship: Director
Issuer ticker: ZG
Reported as of: 13 Feb 2026
Net transaction value: +$361,279
SEC form: 4
Accepted by SEC: 18 Feb 2026, 18:33:03 UTC
Prior SEC filing: 03 Feb 2026
Next SEC filing: 03 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Frederic D. Fenton Authorized signatory for Jay C. Hoag

Key filing fact

Jay C. Hoag filed Form 4 for ZILLOW GROUP, INC. (ZG) on 18 Feb 2026.

Key facts

This page summarizes Jay C. Hoag's Form 4 filing for ZILLOW GROUP, INC. (ZG).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 18 Feb 2026, 18:33.

Change

Previous filing in this sequence was filed on 03 Feb 2026.
Current net transaction value: +$361,279.

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 0001082906 Primary reporting owner

Hoag Jay C

Relationship: Director
Address: 250 MIDDLEFIELD ROAD, MENLO PARK
Signature: /s/ Frederic D. Fenton Authorized signatory for Jay C. Hoag
Signature date: 18 Feb 2026

Reported non-derivative transactions

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

ZG transaction

Class C Capital Stock

Options Exercise

Transaction value: $361,279
Shares: +16,835
Change %: +268%
Price: $21.46
Shares after: 23,125
Date: 13 Feb 2026
Ownership: Direct
Footnotes: F1

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,946,114
Date: 13 Feb 2026
Ownership: TCV VIII, L.P.
Footnotes: F2

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 524,804
Date: 13 Feb 2026
Ownership: TCV VIII (A) Mariner, L.P.
Footnotes: F3

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 120,869
Date: 13 Feb 2026
Ownership: TCV VIII (B), L.P.
Footnotes: F4

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 758
Date: 13 Feb 2026
Ownership: TCV VIII Management, L.L.C.
Footnotes: F5

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 309,792
Date: 13 Feb 2026
Ownership: TCV Member Fund, L.P.
Footnotes: F6

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,157,155
Date: 13 Feb 2026
Ownership: TCV IX, L.P.
Footnotes: F7

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 608,672
Date: 13 Feb 2026
Ownership: TCV IX (A) Opportunities, L.P.
Footnotes: F8

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 115,208
Date: 13 Feb 2026
Ownership: TCV IX (B), L.P.
Footnotes: F9

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,349
Date: 13 Feb 2026
Ownership: TCV IX Management, L.L.C.
Footnotes: F5

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,525,612
Date: 13 Feb 2026
Ownership: TCV XI, L.P.
Footnotes: F10

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 484,217
Date: 13 Feb 2026
Ownership: TCV XI (A), L.P.
Footnotes: F11

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 107,930
Date: 13 Feb 2026
Ownership: TCV XI (B), L.P.
Footnotes: F12

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 114,536
Date: 13 Feb 2026
Ownership: TCV XI (Lux), SCSp
Footnotes: F13

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 719
Date: 13 Feb 2026
Ownership: TCV XI Management, L.L.C.
Footnotes: F5

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 105,741
Date: 13 Feb 2026
Ownership: TCV XI Member Fund, L.P.
Footnotes: F14

ZG holding

Class C Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 58,098
Date: 13 Feb 2026
Ownership: Hoag Family Trust, U/A DTD 08/02/1994
Footnotes: F15

Reported derivative securities

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

ZG transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -16,835
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 13 Feb 2026
Ownership: Direct
Underlying class: Class C Capital Stock
Underlying amount: 16,835
Exercise price: $21.46
Footnotes: F16

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 16 footnotes

Footnote F1

Jay C. Hoag has sole dispositive power over 6,290 of these shares. However, although he holds an additional 16,835 shares, TCV VIII Management, L.L.C. has a right to 100% of the pecuniary interest in these 16,835 shares. Mr. Hoag is a member of TCV VIII Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such 16,835 shares except to the extent of his pecuniary interest therein.

Footnote F2

These shares are directly held by TCV VIII, L.P. ("TCV VIII"). Jay C. Hoag is a Class A Member and Class A Director of Technology Crossover Management VIII, Ltd. ("Management VIII") and a limited partner of Technology Crossover Management VIII, L.P. ("TCM VIII"). Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII. Mr. Hoag may be deemed to beneficially own the shares held by TCV VIII but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F3

These shares are directly held by TCV VIII (A) Mariner, L.P. ("TCV Mariner A"). Jay C. Hoag is a Class A Member and Class A Director of Management VIII and a limited partner of TCM VIII. Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII (A), L.P., which in turn is sole shareholder of TCV VIII (A) Mariner, Ltd., which in turn is the sole limited partner of TCV Mariner A. Mr. Hoag may be deemed to beneficially own the shares held by TCV Mariner A but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F4

These shares are directly held by TCV VIII (B), L.P. ("TCV VIII (B)"). Jay C. Hoag is a Class A Member and Class A Director of Management VIII and a limited partner of TCM VIII. Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII (B). Mr. Hoag may be deemed to beneficially own the shares held by TCV VIII (B) but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F5

Jay C. Hoag is a Member of TCV VIII Management, L.L.C., TCV IX Management, L.L.C and TCV XI Management, L.L.C. Mr. Hoag disclaims beneficial ownership of the shares held by each entity except to the extent of his pecuniary interest therein.

Footnote F6

These shares are directly held by TCV Member Fund, L.P. ("Member Fund"). Jay C. Hoag is a limited partner of Member Fund and a Class A Member and Class A Director of Management VIII and Technology Crossover Management IX, Ltd. ("Management IX"). Each of Management VIII and Management IX is a general partner of Member Fund. Mr. Hoag may be deemed to beneficially own the shares held by Member Fund but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F7

These shares are directly held by TCV IX, L.P. ("TCV IX"). Jay C. Hoag is a Class A Member and Class A Director of Management IX and a limited partner of Technology Crossover Management IX, L.P. ("TCM IX"). Management IX is the sole general partner of TCM IX, which in turn is the sole general partner of TCV IX. Mr. Hoag may be deemed to beneficially own the shares held by TCV IX, but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F8

These shares are directly held by TCV IX (A) Opportunities, L.P. ("TCV IX A Opportunities"). Jay C. Hoag is a Class A Member and Class A Director of Management IX and a limited partner of TCM IX. Management IX is the sole general partner of TCM IX, which in turn is the sole general partner of TCV IX, which in turn is sole shareholder of TCV IX (A) Opportunities, Ltd., which in turn is the sole limited partner of TCV IX A Opportunities. Mr. Hoag may be deemed to beneficially own the shares held by TCV IX A Opportunities but disclaims beneficial ownership of such shares except to the except of his pecuniary interest therein.

Footnote F9

These shares are directly held by TCV IX (B), L.P. ("TCV IX (B)"). Jay C. Hoag is a Class A Member and Class A Director of Management IX and a limited partner of TCM IX. Management IX is the sole general partner of TCM IX, which in turn is the sole general partner of TCV IX (B). Mr. Hoag may be deemed to beneficially own the shares held by TCV IX (B) but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F10

These shares are directly held by TCV XI, L.P. ("TCV XI"). Jay C. Hoag is a Class A Member and Class A Director of Technology Crossover Management XI, Ltd. ("Management XI") and a limited partner of Technology Crossover Management XI, L.P. ("TCM XI"). Management XI is the sole general partner of TCM XI, which in turn is the sole general partner of TCV XI. Mr. Hoag may be deemed to beneficially own the shares held by TCV XI but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F11

These shares are directly held by TCV XI (A), L.P. ("TCV XI (A)"). Jay C. Hoag is a Class A Member and Class A Director of Management XI and a limited partner of TCM XI. Management XI is the sole general partner of TCM XI, which in turn is the sole general partner of TCV XI (A). Mr. Hoag may be deemed to beneficially own the shares held by TCV XI (A) but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F12

These shares are directly held by TCV XI (B), L.P. ("TCV XI (B)"). Jay C. Hoag is a Class A Member and Class A Director of Management XI and a limited partner of TCM XI. Management XI is the sole general partner of TCM XI, which in turn is the sole general partner of TCV XI (B). Mr. Hoag may be deemed to beneficially own the shares held by TCV XI (B) but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein

Footnote F13

These shares are directly held by TCV XI (Lux), SCSp ("TCV XI Lux"). Jay C. Hoag is a Class A Member and Class A Director of Management XI. Management XI is the sole shareholder of Technology Crossover Management XI, S.a r.l. ("TCM XI Sarl"), which is in turn the managing general partner of TCV XI Lux. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F14

These shares are directly held by TCV XI Member Fund, L.P. ("TCV XI Member Fund"). Mr. Hoag is a Class A Member and Class A Director of Management XI and a limited partner of TCV XI Member Fund. Management XI is the sole general partner of TCV XI Member Fund. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F15

These shares are directly held by The Hoag Family Trust U/A DTD 08/02/1994. Jay C. Hoag is a trustee of The Hoag Family Trust U/A DTD 08/02/1994. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F16

Jay C. Hoag has sole voting and dispositive power over the options he holds directly. However, TCV VIII Management, L.L.C. has a right to 100% of the pecuniary interest in such options. Mr. Hoag is a Member of TCV VIII Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.

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