BARTON RICHARD N 4/A

What Happened
Richard N. Barton, a reported 10% owner of Zillow Group, exercised options to acquire 300,000 shares at an exercise price of $22.41 per share, for a cash outlay of $6,723,000. The same filing shows a related disposition of 300,000 derivative securities at $0.00 (reported as a derivative conversion/surrender related to the exercise). The primary action was an option exercise (an acquisition), not an open‑market sale.

Key Details

• Transaction date: 2026-02-12. Form 4 amendment filed: 2026-03-26.
• Acquired: 300,000 shares via option exercise at $22.41 — total reported cost $6,723,000.
• Disposed: 300,000 derivative securities at $0.00 (reported as related to the exercise).
• Footnote: Option is fully vested and exercisable.
• Shares owned after transaction: not specified in this amended filing.
• Filing status: This is an amended Form 4 — amendment filed to report indirect holdings that were inadvertently omitted; the reporting person and spouse ceased to be co‑trustees of a trust on Nov 24, 2025, so those previously indirect holdings are no longer reported.

Context
For retail investors: this was an exercise of options (a form of acquiring shares) rather than a sale of shares into the market. The $0.00 derivative disposition in the filing appears connected to how the exercise was settled (e.g., surrender/conversion of derivative interests) but the filing does not show an open‑market sale of shares. As a 10% owner, Barton is a major shareholder; this Form 4 amendment corrects prior reporting of indirect holdings rather than indicating new trading intent.