# EDGAR Filing Document

**Accession Number:** 0001617640
**File Stem:** 0001617640-26-000018
**Filing Date:** 2026-2
**Character Count:** 36925
**Document Hash:** 63b42ca65ef44a74378a2fa850322602
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001617640-26-000018.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0001617640-26-000018

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20260211

**DATE AS OF CHANGE**: 20260211

**EFFECTIVENESS DATE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ZILLOW GROUP, INC.
- **CENTRAL INDEX KEY:** 0001617640
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 471645716
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-293367
- **FILM NUMBER:** 26618301

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SECOND AVENUE, FLOOR 36
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101
- **BUSINESS PHONE:** (206) 470-7000

**MAIL ADDRESS:**
- **STREET 1:** 1301 SECOND AVENUE, FLOOR 36
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Zebra Holdco Inc.
- **DATE OF NAME CHANGE:** 20140822

**As filed with the Securities and Exchange Commission on February 11, 2026**

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration No. 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

**ZILLOW GROUP, INC.**

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **Washington** | **47-1645716** |
| **(State or other jurisdiction of incorporation or organization)** | **(I.R.S. Employer Identification No.)** |
| **1301 Second Avenue, Floor 36** | **1301 Second Avenue, Floor 36** |
| **Seattle, Washington 98101** | **Seattle, Washington 98101** |
| **(Address of principal executive offices, including zip code)** | **(Address of principal executive offices, including zip code)** |

---

---

| |
|:---|
| **ZILLOW GROUP, INC. 2020 INCENTIVE PLAN** |
| **(Full title of the plan)** |

---

---

| |
|:---|
| **Jeremy Wacksman** |
| **Chief Executive Officer** |
| **Zillow Group, Inc.** |
| **1301 Second Avenue, Floor 36** |
| **Seattle, Washington 98101** |
| **(206) 470-7000** |
| **(Name, address and telephone number, including area code, of agent for service)** |

---

---

| | |
|:---|:---|
| ***Copies to:*** | ***Copies to:*** |
| **Jennifer Rock** | **Raquel Fox** |
| **Chief Accounting Officer** | **Skadden, Arps, Slate, Meagher & Flom LLP** |
| **Zillow Group, Inc.** | **1440 New York Ave NW** |
| **1301 Second Avenue, Floor 36** | **Washington, DC 20005** |
| **Seattle, Washington 98101** | **(202) 371-7000** |
| **(206) 470-7000** |  |

---

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ⌧ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| | | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**PART II** 

**INFORMATION REQUIRED IN REGISTRATION STATEMENT** 

**Item 3.**&nbsp;&nbsp;&nbsp;&nbsp;**Incorporation of Certain Documents by Reference**

Zillow Group, Inc. (the "Registrant") hereby incorporates by reference into this Registration Statement the following documents filed with the Securities and Exchange Commission (the "Commission") by the Registrant:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed on <u>[February 1](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001617640/000161764026000015/z-20251231.htm)[1](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001617640/000161764026000015/z-20251231.htm)[, 202](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001617640/000161764026000015/z-20251231.htm)[6](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001617640/000161764026000015/z-20251231.htm)</u>, which contains the audited consolidated financial statements of the Registrant for the latest fiscal year for which such statements have been filed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.the Registrant's Current Reports on Form 8-K filed on <u>[January 30](https://www.sec.gov/ix?doc=/Archives/edgar/data/1617640/000161764026000004/z-20260130.htm)[, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1617640/000161764026000004/z-20260130.htm)</u> and <u>[F](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001617640/000161764026000012/z-20260210.htm)[ebruary 1](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001617640/000161764026000012/z-20260210.htm)[0](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001617640/000161764026000012/z-20260210.htm)[, 202](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001617640/000161764026000012/z-20260210.htm)[6](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001617640/000161764026000012/z-20260210.htm)</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.the description of the Registrant's Class C capital stock contained in the Registrant's registration statement on Form 8-A filed on <u>[July 29, 2015](http://www.sec.gov/Archives/edgar/data/1617640/000119312515268236/d60416d8a12b.htm)</u> (Commission File No. 001-36853), pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including any amendment or report filed for the purpose of updating such description (including <u>[Exhibit 4.17](http://www.sec.gov/Archives/edgar/data/1617640/000161764020000015/q42019form10-kex417.htm)</u> to the Registrant's Annual Report on Form 10-K filed on February 19, 2020).

All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date hereof (excluding any documents or portions of such documents that are furnished pursuant to Item 2.02 or Item 7.01 of a current report on Form 8-K and any exhibits included with such items), and prior to the filing of a post-effective amendment that indicates that all the securities offered hereby have been sold or that deregisters the securities offered hereby then remaining unsold, shall also be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents.

Any statement contained in this Registration Statement or in a document incorporated or deemed to be incorporated by reference in this Registration Statement will be deemed to be modified or superseded to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference in this Registration Statement modifies or supersedes that statement. Any statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 4.**&nbsp;&nbsp;&nbsp;&nbsp;**Description of Securities** 

Not applicable.

**Item 5.**&nbsp;&nbsp;&nbsp;&nbsp;**Interests of Named Experts and Counsel** 

The opinion of counsel filed as Exhibit 5.1 to this Registration Statement has been provided by Bradley D. Owens, General Counsel of the Registrant. Mr. Owens is a participant in the Registrant's 2020 Incentive Plan (the "Plan") and, as of the date of this Registration Statement, owns shares of the Registrant's Class C Capital Stock and holds certain contingent equity awards granted under the Plan.

**Item 6.**&nbsp;&nbsp;&nbsp;&nbsp;**Indemnification of Directors and Officers** 

Washington law provides that a director of a corporation will not be personally liable for reasonable expenses incurred in the wholly successful defense of a proceeding to which the director was a party because of being a director. Washington law provides further that a director may be indemnified against liability incurred in a proceeding to which he or she is a party because of being a director so long as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the director acted in good faith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the director reasonably believed, in the case of conduct in the director's official capacity, that his or her conduct was in the corporation's best interests or, in all other cases, that his or her conduct was not opposed to the best interests of the corporation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the case of a criminal proceeding, the director had no reasonable cause to believe his or her conduct was unlawful.

Directors generally may not, however, be indemnified:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in connection with a proceeding by or in the right of the corporation in which the director was adjudged liable to the corporation;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in connection with any other proceeding in which the director was adjudged liable for receiving improper personal benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• for acts or omissions of the director that involve intentional misconduct or knowing violation of law; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• for unlawful distributions to shareholders.

The Registrant's amended and restated articles of incorporation and amended and restated bylaws provide that the Registrant will indemnify its directors and officers to the fullest extent permitted by law. The Registrant's amended and restated bylaws also permit the Registrant to secure insurance on behalf of any officer or director for any liability arising out of his or her actions in connection with his or her services to the Registrant, regardless of whether the Registrant's bylaws permit such indemnification.

The Registrant has entered into agreements to indemnify its directors and certain of its officers to the fullest extent allowed under Washington law. These agreements provide, among other things, that the Registrant will indemnify its directors and certain of its officers for certain expenses (including attorneys' fees), judgments, fines and settlement amounts reasonably incurred by such person in any action or proceeding, including any action by or in the Registrant's right, on account of any services undertaken by such person on the Registrant's behalf or that person's status as a director or officer of the Registrant. The Registrant also has obtained directors' and officers' liability insurance.

**Item 7.** &nbsp;&nbsp;&nbsp;&nbsp;**Exemption From Registration Claimed** 

Not applicable.

**Item 8.**&nbsp;&nbsp;&nbsp;&nbsp;**Exhibits** 

---

| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| 4.1\* | <u>[Amended and Restated Articles of Incorporation of Zillow Group, Inc. (Filed as Exhibit 3.1 to Registrant's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 17, 2015, and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1617640/000119312515050790/d874339dex31.htm)</u> |
| 4.2\* | <u>[Amended and Restated Bylaws of Zillow Group, Inc. (Filed as Exhibit 3.1 to Registrant's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 5, 2020, and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1617640/000161764020000062/exhibit31amendedandres.htm)</u> |
| 4.3\* | <u>[Specimen of Class A Common Stock Certificate (Filed as Exhibit 4.1 to Registrant's Quarterly Report on Form 10-Q filed on May 12, 2015, and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1617640/000119312515184075/d879710dex41.htm)</u> |
| 4.4\* | <u>[Specimen of Class C Capital Stock Certificate (Filed as Exhibit 4.1 to Registrant's Form 8-A filed with the Securities and Exchange Commission on July 29, 2015, and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1617640/000119312515268236/d60416dex41.htm)</u> |
| 5.1+ | <u>[Opinion of Bradley D. Owens, the](exhibit512112026.htm)[Registrant](exhibit512112026.htm)['](exhibit512112026.htm)[s](exhibit512112026.htm)[General Counsel](exhibit512112026.htm)[,](exhibit512112026.htm)[regarding legality of the Class C capital stock being registered](exhibit512112026.htm)</u>. |
| 23.1+ | <u>[Consent of Independent Registered Public Accounting Firm](exhibit231.htm)</u>. |
| 23.2+ | <u>[Consent of Bradley D. Owens, the](exhibit512112026.htm)[Registrant](exhibit512112026.htm)['](exhibit512112026.htm)[s](exhibit512112026.htm)[General Counsel](exhibit512112026.htm)[(included in opinion filed as Exhibit 5.1)](exhibit512112026.htm)</u>. |
| 24.1+ | <u>[Power of Attorney (see signature page)](#iec433096abea4cebab7d3a89f2975795_4)</u>. |
| 99.1\* | <u>[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 June 10, 2020, and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1617640/000161764020000064/exhibit101zillowgroup2.htm)</u> |
| 107+ | <u>[Calculation of Filing Fee Table.](exfilingfees.htm)</u> |

---

---

| | |
|:---|:---|
| + | Filed herewith. |
| \* | Incorporated herein by reference. |

---

**Item 9.**&nbsp;&nbsp;&nbsp;&nbsp;**Undertakings**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the "Securities Act");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;

*provided*, *however*, that paragraphs (1)(a) and (1)(b) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that, in the opinion of the Commission, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Seattle, State of Washington, on February 11, 2026.

---

| | |
|:---|:---|
| **ZILLOW GROUP, INC.** | **ZILLOW GROUP, INC.** |
| By: | /s/ JENNIFER ROCK |
| Name: | Jennifer Rock |
| Title: | Chief Accounting Officer |

---

------

**POWER OF ATTORNEY**

Each person whose signature appears below constitutes and appoints Jeremy Wacksman and Jennifer Rock, or either of them, as his or her attorneys-in-fact, with the power of substitution, for him or her in any and all capacities, to sign any amendments to this Registration Statement, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact, or their substitute or substitutes, may do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated below on February 11, 2026.

---

| | |
|:---|:---|
| **Signature** | **Title** |
| /s/ JEREMY WACKSMAN | Chief Executive Officer (Principal Executive Officer) and Director |
| **Jeremy Wacksman** | Chief Executive Officer (Principal Executive Officer) and Director |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;JEREMY HOFMANN | Chief Financial Officer (Principal Financial Officer) |
| **Jeremy Hofmann** | Chief Financial Officer (Principal Financial Officer) |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;JENNIFER ROCK | Chief Accounting Officer (Principal Accounting Officer) |
| **Jennifer Rock** | Chief Accounting Officer (Principal Accounting Officer) |
| /s/ RICHARD BARTON | Co-Executive Chairman |
| **Richard Barton** | Co-Executive Chairman |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;LLOYD D. FRINK | Co-Executive Chairman and President |
| **Lloyd D. Frink** | Co-Executive Chairman and President |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;ERIK BLACHFORD | Director |
| **Erik Blachford** | Director |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;AMY C. BOHUTINSKY | Director |
| **Amy Bohutinsky** | Director |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;J. WILLIAM GURLEY | Director |
| **J. William Gurley** | Director |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;JAY C. HOAG | Director |
| **Jay C. Hoag** | Director |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;GREGORY B. MAFFEI | Director |
| **Gregory B. Maffei** | Director |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;GORDON STEPHENSON | Director |
| **Gordon Stephenson** | Director |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;CLAIRE CORMIER THIELKE | Director |
| **Claire Cormier Thielke** | Director |
| /s/&nbsp;&nbsp;&nbsp;&nbsp;APRIL UNDERWOOD | Director |
| **April Underwood** | Director |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? exfilingfees

**Exhibit 107**

**Calculation of Filing Fee Table**

**Form S-8**

(Form Type)

**Zillow Group, Inc.**

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Security Type** | **Security Class Title** | **Fee Calculation Rule** | **Amount Registered**<sup>(1)</sup> | **Proposed Maximum Offering Price Per Unit**<sup>(2)</sup> | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| **Fees to Be Paid** | Equity | Class C Capital Stock, par value $0.0001 per share | Rule 457(c) and Rule 457(h) | 13853650 (3) | $55.66 | $771094159.00 | $138.10 per $1,000,000 | $106488.10 |
|  | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** |  | $771094159.00 |  | $106488.10 |
|  | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  |  | $0 |
|  | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  |  | $106488.10 |
| (1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional shares of Class C capital stock of Zillow Group, Inc. (the "Registrant") that may become issuable under the Registrant's 2020 Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding Class C capital stock.<br>(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $55.66, based on the average of the high sales price ($57.71) and the low sales price ($53.61) for the Registrant's Class C capital stock as reported by The Nasdaq Global Select Market on February 5, 2026.<br>(3) The shares are being registered pursuant to the automatic annual share increase under the Plan that became effective on January 1, 2026. | (1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional shares of Class C capital stock of Zillow Group, Inc. (the "Registrant") that may become issuable under the Registrant's 2020 Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding Class C capital stock.<br>(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $55.66, based on the average of the high sales price ($57.71) and the low sales price ($53.61) for the Registrant's Class C capital stock as reported by The Nasdaq Global Select Market on February 5, 2026.<br>(3) The shares are being registered pursuant to the automatic annual share increase under the Plan that became effective on January 1, 2026. | (1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional shares of Class C capital stock of Zillow Group, Inc. (the "Registrant") that may become issuable under the Registrant's 2020 Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding Class C capital stock.<br>(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $55.66, based on the average of the high sales price ($57.71) and the low sales price ($53.61) for the Registrant's Class C capital stock as reported by The Nasdaq Global Select Market on February 5, 2026.<br>(3) The shares are being registered pursuant to the automatic annual share increase under the Plan that became effective on January 1, 2026. | (1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional shares of Class C capital stock of Zillow Group, Inc. (the "Registrant") that may become issuable under the Registrant's 2020 Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding Class C capital stock.<br>(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $55.66, based on the average of the high sales price ($57.71) and the low sales price ($53.61) for the Registrant's Class C capital stock as reported by The Nasdaq Global Select Market on February 5, 2026.<br>(3) The shares are being registered pursuant to the automatic annual share increase under the Plan that became effective on January 1, 2026. | (1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional shares of Class C capital stock of Zillow Group, Inc. (the "Registrant") that may become issuable under the Registrant's 2020 Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding Class C capital stock.<br>(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $55.66, based on the average of the high sales price ($57.71) and the low sales price ($53.61) for the Registrant's Class C capital stock as reported by The Nasdaq Global Select Market on February 5, 2026.<br>(3) The shares are being registered pursuant to the automatic annual share increase under the Plan that became effective on January 1, 2026. | (1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional shares of Class C capital stock of Zillow Group, Inc. (the "Registrant") that may become issuable under the Registrant's 2020 Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding Class C capital stock.<br>(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $55.66, based on the average of the high sales price ($57.71) and the low sales price ($53.61) for the Registrant's Class C capital stock as reported by The Nasdaq Global Select Market on February 5, 2026.<br>(3) The shares are being registered pursuant to the automatic annual share increase under the Plan that became effective on January 1, 2026. | (1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional shares of Class C capital stock of Zillow Group, Inc. (the "Registrant") that may become issuable under the Registrant's 2020 Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding Class C capital stock.<br>(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $55.66, based on the average of the high sales price ($57.71) and the low sales price ($53.61) for the Registrant's Class C capital stock as reported by The Nasdaq Global Select Market on February 5, 2026.<br>(3) The shares are being registered pursuant to the automatic annual share increase under the Plan that became effective on January 1, 2026. | (1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional shares of Class C capital stock of Zillow Group, Inc. (the "Registrant") that may become issuable under the Registrant's 2020 Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding Class C capital stock.<br>(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $55.66, based on the average of the high sales price ($57.71) and the low sales price ($53.61) for the Registrant's Class C capital stock as reported by The Nasdaq Global Select Market on February 5, 2026.<br>(3) The shares are being registered pursuant to the automatic annual share increase under the Plan that became effective on January 1, 2026. | (1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional shares of Class C capital stock of Zillow Group, Inc. (the "Registrant") that may become issuable under the Registrant's 2020 Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding Class C capital stock.<br>(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $55.66, based on the average of the high sales price ($57.71) and the low sales price ($53.61) for the Registrant's Class C capital stock as reported by The Nasdaq Global Select Market on February 5, 2026.<br>(3) The shares are being registered pursuant to the automatic annual share increase under the Plan that became effective on January 1, 2026. |

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Table 2: Fee Offset Claims and Sources

Not Applicable

## Exhibit 5.1

![zillowgroup.jpg](zillowgroup.jpg)

**Exhibit 5.1** 

February 11, 2026

Zillow Group, Inc.

1301 Second Avenue, Floor 36

Seattle, Washington 98101

Re: <u>Registration Statement on Form S-8</u>

Ladies and Gentlemen:

This opinion is furnished to you in connection with a Registration Statement on Form S-8 (the "Registration Statement") filed by Zillow Group, Inc., a Washington corporation (the "Company"), with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Securities Act"), for the registration of 13,853,650 shares (the "Shares") of the Company's Class C Capital Stock, par value $0.0001 per share, issuable under the Company's 2020 Incentive Plan (the "Plan").

I am the General Counsel of the Company and have advised the Company in connection with the filing of the Registration Statement. I have examined and relied upon a signed copy of the Registration Statement as filed with the Commission, including the exhibits thereto. I, or attorneys under my supervision, have also examined and relied upon the Amended and Restated Articles of Incorporation of the Company, as amended and in effect at all relevant times, the Amended and Restated Bylaws of the Company, as amended and in effect at all relevant times, and minutes of meetings of the stockholders and the Board of Directors of the Company and such other documents, corporate records, certificates of public officials and other instruments as I have deemed necessary or advisable for the purpose of rendering this opinion. In addition, I have relied as to certain matters on information obtained from public officials and officers of the Company.

In my examination of the foregoing documents, I have assumed the genuineness of all signatures, the authenticity of all documents submitted to me as originals, the conformity to original documents of all documents submitted to me as copies, the authenticity of the originals of such latter documents and the legal capacity of all signatories to such documents.

I express no opinion herein as to the laws of any state or jurisdiction other than the laws of the State of Washington. I express no opinion to the extent that any other laws are applicable to the subject matter hereof and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation.

In rendering the opinion set forth below, I have assumed that each award agreement under which options, restricted stock, restricted stock units or other awards are granted pursuant to the Plan will be consistent with the Plan and will be duly authorized, executed and delivered by the parties thereto.

Based upon and subject to the foregoing, I am of the opinion that the Shares have been duly authorized and, when the Shares have been issued and sold, and the consideration therefor has been received by the Company, in accordance with the terms of the Plan, such Shares will be validly issued, fully paid and nonassessable (except as to Shares issued pursuant to deferred payment arrangements, which will be fully paid and nonassessable when such deferred payments are made in full).

Please note that I am opining only as to the matters expressly set forth herein, and no opinion should be inferred as to any other matters. This opinion is based upon currently existing statutes, rules, regulations and judicial decisions, and I disclaim any obligation to advise you of any change in any of these sources of law or subsequent legal or factual developments which might affect any matters or opinions set forth herein.

I hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act. In giving such consent, I do not hereby admit that I am in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission. It is understood that this opinion is to be used only in connection with the offer and sale of Shares while the Registration Statement is in effect.

Very truly yours,

By: <u>/s/ Bradley Owens</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bradley Owens, General Counsel

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated February 11, 2026, relating to the financial statements of Zillow Group, Inc. and subsidiaries ("the Company") and the effectiveness of the Company's internal control over financial reporting, appearing in the Annual Report on Form 10-K of the Company for the year ended December 31, 2025.

/s/ *DELOITTE & TOUCHE LLP*

Seattle, Washington

February 11, 2026

<br>