X0306 4 2016-11-14 0001617640 ZILLOW GROUP, INC. Z AND ZG 0001524273 Rascoff Spencer M C/O ZILLOW GROUP, INC., 1301 SECOND AVEN FLOOR 31 SEATTLE WA 98101 1 1 Chief Executive Officer Class A Common Stock 2016-11-14 4 M 0 7500.0000 1.0833 A 7500.0000 D Class A Common Stock 2016-11-14 4 S 0 7500.0000 34.5193 D 0.0000 D Class C Capital Stock 2016-11-14 4 M 0 14900.0000 1.2498 A 26900.0000 D Class C Capital Stock 2016-11-14 4 S 0 14900.0000 35.2446 D 12000.0000 D Class A Common Stock 2016-11-15 4 M 0 3865.0000 1.0833 A 3865.0000 D Class A Common Stock 2016-11-15 4 M 0 3635.0000 0.9811 A 7500.0000 D Class A Common Stock 2016-11-15 4 S 0 7500.0000 35.0505 D 0.0000 D Class C Capital Stock 2016-11-15 4 M 0 8230.0000 1.2498 A 20230.0000 D Class C Capital Stock 2016-11-15 4 M 0 6670.0000 1.1319 A 26900.0000 D Class C Capital Stock 2016-11-15 4 S 0 600.0000 36.2485 D 26300.0000 D Class C Capital Stock 2016-11-15 4 S 0 14300.0000 35.7877 D 12000.0000 D Stock Option (Right to Buy) 1.0833 2016-11-14 4 M 0 7500.0000 0.0000 D 2011-03-12 2017-03-12 Class A Common Stock 7500.0000 3865.0000 D Stock Option (Right to Buy) 1.2498 2016-11-14 4 M 0 14900.0000 0.0000 D 2011-03-12 2017-03-12 Class C Capital Stock 14900.0000 8230.0000 D Stock Option (Right to Buy) 1.0833 2016-11-15 4 M 0 3865.0000 0.0000 D 2011-03-12 2017-03-12 Class A Common Stock 3865.0000 0.0000 D Stock Option (Right to Buy) 0.9811 2016-11-15 4 M 0 3635.0000 0.0000 D 2011-09-15 2017-09-15 Class A Common Stock 3635.0000 85150.0000 D Stock Option (Right to Buy) 1.2498 2016-11-15 4 M 0 8230.0000 0.0000 D 2011-03-12 2017-03-12 Class C Capital Stock 8230.0000 0.0000 D Stock Option (Right to Buy) 1.1319 2016-11-15 4 M 0 6670.0000 0.0000 D 2011-09-15 2017-09-15 Class C Capital Stock 6670.0000 170900.0000 D The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2016. The reported price is a weighted average sale price. These shares were sold in mulitiple transactions at prices ranging from $34.29 to $34.80. 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. The reported price is a weighted average sale price. These shares were sold in mulitiple transactions at prices ranging from $34.98 to $35.58. 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. The reported price is a weighted average sale price. These shares were sold in mulitiple transactions at prices ranging from $34.52 to $35.30. 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. The reported price is a weighted average sale price. These shares were sold in mulitiple transactions at prices ranging from $36.10 to $36.39. 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. The reported price is a weighted average sale price. These shares were sold in mulitiple transactions at prices ranging from $35.08 to $36.08. 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. Date at which first vesting occurs is indicated. 1/4th of the total number of shares originally subject to the option become exercisable at the first vesting date and an additional 1/48th become exercisable each month thereafter until the option is fully vested. /s/ Brad Owens, Attorney-in-Fact 2016-11-15