MAFFEI GREGORY B 4

What Happened

• Gregory Maffei, a director of Zillow Group, exercised options and sold shares. On 2026-02-27 he exercised/converted 16,835 option-based shares at $21.46 (total cost reported $361,279) and the filing also shows the related derivative position for 16,835 shares was disposed ($0). On the same day he sold 8,050 shares in an open-market/private sale at $45.15 for $363,458. He also received a grant/award of 18,996 derivative-based shares on 2026-03-01 (reported value $0).

Key Details

• Transaction dates and prices:
  • 2026-02-27: Exercised 16,835 shares @ $21.46 (acquired; $361,279)
  • 2026-02-27: Sold 8,050 shares @ $45.15 (disposed; $363,458)
  • 2026-02-27: Derivative position of 16,835 shares reported disposed @ $0.00
  • 2026-03-01: Award/grant of 18,996 shares @ $0.00 (acquired)
• Shares owned after transaction: Not specified in the provided Form 4 details.
• Footnotes:
  • F1: Option is fully vested and exercisable on date of grant.
  • F2: Vesting schedule noted: 1/4 of the option vests every three months, fully vested after one year.
• Filing timeliness: Form 4 filed 2026-03-03 for 2026-02-27 transactions (filed within the required reporting window).

Context

• The filing shows an option exercise and a same-day sale of some shares. On Form 4s this pattern can reflect exercising options and selling a portion of the resulting shares; the form does not state the reason (e.g., tax withholding, cashless exercise, or diversification). The separate derivative "disposed" line at $0 typically records cancellation/settlement of the option instrument upon exercise. The award on 2026-03-01 appears as a derivative grant with vesting terms noted in the footnotes.