Zillow 8-K Signals Leadership/Comp Changes; Details Pending

TL;DR

**Zillow filed an 8-K hinting at executive changes and new pay deals, but no specifics yet.**

AI Summary

Zillow Group, Inc. filed an 8-K on January 9, 2024, reporting an event that occurred on January 6, 2024. This filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'. While the filing confirms Zillow's Class A Common Stock (ZG) and Class C Capital Stock (Z) are registered on The Nasdaq Global Select Market, it does not provide specific details about who departed or was appointed, or the nature of the compensatory arrangements. Investors should monitor future filings for specifics, as changes in leadership or executive compensation can signal shifts in company strategy or financial health, potentially impacting stock performance.

Why It Matters

Changes in executive leadership or compensation can significantly influence a company's strategic direction and financial performance, directly affecting investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — The filing indicates significant corporate events (leadership changes, compensation arrangements) but lacks specific details, creating uncertainty for investors.

Analyst Insight

A smart investor would hold off on making significant trading decisions based solely on this filing. Instead, they would set alerts for Zillow's future SEC filings to get the specific details on executive changes and compensation, which will provide clearer insights into the company's future direction and potential impact on stock value.

Key Numbers

• 001-36853 — Commission File Number (identifies Zillow's registration with the SEC)
• 47-1645716 — I.R.S. Employer Identification No. (Zillow's tax identification number)
• 2024-01-06 — Date of Earliest Event Reported (the date the reported events occurred)
• 2024-01-09 — Date of Report (the date the 8-K was filed)

Key Players & Entities

• ZILLOW GROUP, INC. (company) — the registrant filing the 8-K
• The Nasdaq Global Select Market (company) — the exchange where Zillow's stocks are registered
• $0.0001 (dollar_amount) — par value per share for Class A Common Stock and Class C Capital Stock

Forward-Looking Statements

• Zillow will release a subsequent filing (e.g., another 8-K or proxy statement) providing specific names and details regarding the reported leadership and compensation changes. (ZILLOW GROUP, INC.) — high confidence, target: Q1 2024
• The lack of immediate specific details in this 8-K may lead to short-term speculation or minor volatility in ZG and Z stock prices. (ZG, Z) — medium confidence, target: January 2024

FAQ

Key Financial Figures

• $0.0001 — stered Class A Common Stock, par value $0.0001 per share ZG The Nasdaq Global Select M
• $250,000 — having a Black-Scholes-Merton value of $250,000 on the date of grant, with one-fourth o
• $41,667 — having a Black-Scholes-Merton value of $41,667 on the date of grant and a per share ex

Filing Documents

• z-20240106.htm (8-K) — 40KB
• a1924exhibit991.htm (EX-99.1) — 5KB
• a1924exhibit991001.jpg (GRAPHIC) — 142KB
• a1924exhibit991002.jpg (GRAPHIC) — 167KB
• 0001617640-24-000004.txt ( ) — 641KB
• z-20240106.xsd (EX-101.SCH) — 2KB
• z-20240106_def.xml (EX-101.DEF) — 16KB
• z-20240106_lab.xml (EX-101.LAB) — 30KB
• z-20240106_pre.xml (EX-101.PRE) — 16KB
• z-20240106_htm.xml (XML) — 4KB

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1* Stock Option Grant Program for Nonemployee Directors under the Zillow Group, Inc. 2020 Incentive Plan (Filed as Exhibit 10.1 to Registrant's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 15, 2020 and incorporated herein by reference). 10.2* Form of Indemnification Agreement between Zillow Group, Inc. and each of its directors and executive officers (Filed as Exhibit 10.9 to Registrant's Current Report on Form 8-K12B filed with the Securities and Exchange Commission on February 17, 2015 and incorporated herein by reference). 99.1 Press release issued by Zillow Group, Inc. dated January 9, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Indicates a management contract or compensatory plan or arrangement.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 9, 2024 ZILLOW GROUP, INC. By: /s/ J ENNIFER R OCK Name: Jennifer Rock Title: Chief Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR