secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001617640-24-000112
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764024000112/0001617640-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764024000112/z-20240903.htm
  HTML page:      https://secwatch.observer/filing/0001617640-24-000112

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