{"schema_version":"secwatch.filing_event.v1","accession":"0001617640-25-000134","form_type":"8-K","ticker":"ZG","cik":"0001617640","company_name":"ZILLOW GROUP, INC.","filed_at":"2025-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.492300+00:00","generated_at":"2026-05-17T10:15:04.904582+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Zillow unwinds capped calls, receives 3.1M shares and $38.2M cash","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001617640-25-000134","json":"https://secwatch.observer/filing/0001617640-25-000134.json","markdown":"https://secwatch.observer/filing/0001617640-25-000134.md","text":"https://secwatch.observer/filing/0001617640-25-000134.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1617640/000161764025000134/0001617640-25-000134-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1617640/000161764025000134/z-20250825.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:15:04.904582+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}