Zillow unwinds capped calls, receives 3.1M shares and $38.2M cash

ZILLOW GROUP, INC.

Enters unwind agreements with Morgan Stanley, Citibank, Barclays, JPMorgan for capped calls tied to 2026 convertible notes (settled Dec 2024).
Expects to receive 3.1M shares of Class C stock and $38.2M cash from Counterparties.
Shares received will reduce outstanding Class C capital stock; no capped calls remaining.
Counterparties may buy/sell Class C shares or unwind derivatives in secondary market.

item 8.01

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