BLACHFORD ERIK C 4

4 · ZILLOW GROUP, INC. · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Zillow Director Erik Blachford Sells 966 Shares

What Happened

Erik C. Blachford, a director of Zillow Group (Z / ZG), sold 966 shares in an open-market transaction on 2026-03-03 at $42.85 per share for proceeds of $41,393. The sale was executed pursuant to a pre-established Rule 10b5-1 trading plan.
The Form 4 also reports acquisitions: a grant of 3,166 restricted stock units (RSUs) on 2026-03-01 and a derivative grant of 9,498 shares (an option-like award) on 2026-03-01 — both shown at $0.00 since they are equity awards. Separately, 8,417 shares were transferred (disposed) on 2026-03-02 to the reporting person’s former spouse in connection with a divorce settlement.

Key Details

Transaction dates and prices:
- 2026-03-03: Open-market sale (S) — 966 shares @ $42.85 = $41,393 (pursuant to Rule 10b5-1 plan).
- 2026-03-01: Award/grant (A) — 3,166 RSUs @ $0.00 (vesting schedule in footnote).
- 2026-03-01: Derivative grant (A) — 9,498 shares @ $0.00 (option-style award per footnote).
- 2026-03-02: Other disposition (J) — 8,417 shares @ $0.00 (transfer to former spouse).
Shares owned after the transactions: Not disclosed in the filing excerpt.
Notable footnotes:
- F1: RSUs (3,166) vest 1/4 every three months and fully vest after one year.
- F4: The derivative award vests 1/4 every three months and is fully exercisable after one year.
- F2: The 8,417-share disposition was a transfer to the reporting individual’s former spouse (divorce settlement).
- F3: The open-market sale was effected under a Rule 10b5-1 trading plan adopted March 7, 2025.
Timeliness: Filing dated 2026-03-03 covering transactions through 2026-03-01–03; no late filing indication in the report.

Context

The open-market sale was executed under a pre-arranged 10b5-1 plan, which typically automates sales and is not an immediate signal of changed sentiment.
The RSU and derivative grants have time-based vesting over ~1 year (quarterly vesting), which is standard for retention/incentive awards.
The transfer of shares due to a divorce settlement is a personal/legal matter and should not be read as a trading decision about Zillow stock.

Form 4

Period: 2026-03-01

Director

Transactions

Award
Class C Capital Stock
[F1]
2026-03-01+3,166→ 45,126 total
Other
Class C Capital Stock
[F2]
2026-03-02−8,417→ 36,709 total
Sale
Class C Capital Stock
[F3]
2026-03-03$42.85/sh−966$41,393→ 35,743 total
Award
Stock Option (right to buy)
[F4]
2026-03-01+9,498→ 9,498 total
Exercise: $44.62From: 2026-06-01Exp: 2036-03-01→ Class C Capital Stock (9,498 underlying)

Footnotes (4)

[F1]Represents a grant of restricted stock units that will vest as to 1/4th of the total amount of shares subject to the grant after each three-month period following the grant date such that the restricted stock units are fully vested on the one-year anniversary of the grant date.
[F2]Reflects a transfer of directly held shares to the reporting individual's former spouse in connection with a divorce settlement. The reporting individual no longer beneficially owns the securities transferred.
[F3]The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 7, 2025.
[F4]1/4th of the shares subject to the option will vest and become exercisable after each-three-month period following the grant date such that the option will be fully vested and exercisable on the one-year anniversary of the grant date.

Signature

/s/ Shannon Cartales Attorney-in-Fact|2026-03-03

1 file