Lloyd D. Frink - Dec 3, 2021 Form 4 Insider Report for ZILLOW GROUP, INC. (Z)

Role: Chairman & President, Director
Signature: /s/ Shannon Cartales, Attorney-in-Fact
Stock symbol: Z
Transactions as of: Dec 3, 2021
Transactions value $: $1,345,461
Form type: 4
Date filed: 12/6/2021, 04:40 PM
Previous filing: Nov 19, 2021
Next filing: Mar 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	Z	Class A Common Stock	Options Exercise	$1.35M	+43.8K	+7517.18%	$30.75	44.3K	Dec 3, 2021	Direct
transaction	Z	Class A Common Stock	Other	-$1.27M	-21.9K	-49.34%	$58.04	22.5K	Dec 3, 2021	Direct	F1, F2
transaction	Z	Class A Common Stock	Other	$1.27M	+21.9K		$58.04	21.9K	Dec 3, 2021	Ethan Frink 2020 Trust	F1, F2
transaction	Z	Class A Common Stock	Other	-$1.27M	-21.9K	-97.41%	$58.04	582	Dec 3, 2021	Direct	F1, F2
transaction	Z	Class A Common Stock	Other	$1.27M	+21.9K		$58.04	21.9K	Dec 3, 2021	Elliott Frink 2020 Trust	F1, F2
holding	Z	Class A Common Stock						658K	Dec 3, 2021	Frink Descendants' Trust 12/30/04

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	Stock Option (right to buy)	Options Exercise	$0	-43.8K	-100%	$0.00^*	0	Dec 3, 2021	Class A Common Stock	43.8K	$30.75	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The transaction involves a transfer of shares of the issuer's Class A common stock to a trust in exchange for assets of equal value.
F2	The average of the low and high price for the issuer's Class A common stock on the date of transfer.
F3	Date at which first vesting occurs is indicated. 1/4th of the total number of shares originally subject to the option becomes exercisable at the first vesting date and an additional 1/48th becomes exercisable each month thereafter until the option is fully vested.