ZILLOW GROUP, INC. — Director's Dealing 2020

May 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZILLOW GROUP, INC. (Z AND ZG)
CIK: 0001617640
Period of Report: 2020-05-18

Reporting Person: Frink Lloyd D (Director, Chairman & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-18	Class C Capital Stock	S	5313.0000	$51.4032	Disposed	3115694.0000	Direct
2020-05-18	Class C Capital Stock	S	7553.0000	$49.6355	Disposed	3108141.0000	Direct
2020-05-18	Class C Capital Stock	S	24934.0000	$50.7055	Disposed	3083207.0000	Direct
2020-05-19	Class C Capital Stock	S	1552.0000	$52.3996	Disposed	3081655.0000	Direct
2020-05-19	Class C Capital Stock	S	2248.0000	$51.5259	Disposed	3079407.0000	Direct
2020-05-19	Class C Capital Stock	S	4600.0000	$49.6246	Disposed	3074807.0000	Direct
2020-05-18	Class C Capital Stock	S	1328.0000	$51.4032	Disposed	898587.0000	Indirect
2020-05-18	Class C Capital Stock	S	1888.0000	$49.6355	Disposed	896699.0000	Indirect
2020-05-18	Class C Capital Stock	S	6234.0000	$50.7054	Disposed	890465.0000	Indirect
2020-05-19	Class C Capital Stock	S	388.0000	$52.3996	Disposed	890077.0000	Indirect
2020-05-19	Class C Capital Stock	S	562.0000	$51.5255	Disposed	889515.0000	Indirect
2020-05-19	Class C Capital Stock	S	1150.0000	$49.6246	Disposed	888365.0000	Indirect

Footnotes

F1: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 4, 2019.

F2: The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $51.23 to $51.94. 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.

F3: The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $49.22 to $50.21. 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.

F4: The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $50.22 to $51.21. 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.

F5: The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $52.10 to $52.78. 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.

F6: The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $51.06 to $52.03. 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.

F7: The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $49.13 to $50.11. 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.