Zillow Group completes full conversion of $608.4M convertible notes, issues 1.94M shares

ZILLOW GROUP, INC.

Holders of 100% of outstanding $608.4M principal 0.75% Convertible Notes due 2024 elected to convert during the conversion period.
On Sept 3, 2024, Zillow delivered $609.9M cash ($607.6M principal, $2.3M interest) plus 1,935,099 Class C shares to converting noteholders.
Zillow received 2,140,657 shares of Class C capital stock from settlement of related capped call transactions, offsetting dilution.
Conversion and share issuance were exempt from registration under Securities Act Section 3(a)(9).

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