SCHEDULE: Zillow Group: Barton Boosts Stake to 9.2%

Richard N. Barton has increased his beneficial ownership of Zillow Group's Class A Common Stock to 9.2% following recent share repurchases by the company.

Summary

• Richard N. Barton has amended his Schedule 13D filing to reflect an increase in his beneficial ownership of Zillow Group, Inc. Class A Common Stock.
• This increase to 9.2% of the outstanding Class A Common Stock is a result of Zillow Group's recent repurchases of its own shares.
• Barton directly owns 3,954,261 shares and has sole voting and dispositive power over these shares, which include Class A shares and Class A shares issuable from Class B shares.
• He also has sole voting and dispositive power over 339,880 Class A shares issuable from Class B shares held indirectly through Barton Ventures II, LLC.
• The filing notes that Class A Common Stock has one vote per share, while Class B Common Stock has ten votes per share.
• As of June 11, 2026, Barton's voting power represents approximately 36.4% of the combined voting power of Zillow Group's outstanding shares.
• The filing excludes shares held by the Barton Descendants' Trust for which Barton is a co-trustee but lacks voting power.
• It also excludes shares held by The Barton Foundation for which Barton is a co-trustee, though he shares dispositive power over these.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it indicates continued significant investment and voting control by a key individual, but lacks operational or financial performance data.

Positives

• Richard N. Barton's increased beneficial ownership indicates continued confidence in Zillow Group.
• The increase in ownership percentage, despite company share repurchases, suggests a strategic accumulation of shares by Barton.
• Barton holds significant voting power (36.4%) through his Class B shares, providing substantial influence over corporate decisions.

Negatives

• The filing does not detail specific financial performance or operational updates, focusing solely on ownership changes.
• The exclusion of shares from the Barton Trust and The Barton Foundation from certain voting power calculations might obscure the full extent of Barton's influence.

Risks

• Concentration of voting power in a single individual could lead to governance concerns if not balanced by independent board oversight.
• The filing does not provide forward-looking statements, making it difficult to assess future strategic direction or potential risks from Barton's perspective.

Future Outlook

No specific forward-looking statements or guidance are provided in this filing, which focuses on ownership changes.

Industry Context

StockSavvy.ai notes that significant ownership changes by major shareholders, especially those with substantial voting power like Richard N. Barton, are closely watched in the real estate technology sector. Such filings can signal shifts in investor sentiment or strategic intentions.

Related Party Transactions

• The filing mentions indirect ownership through Barton Ventures II, LLC, and shared trustee roles for the Barton Descendants' Trust and The Barton Foundation, indicating potential related-party dealings or structures.

Stakeholder Impact

• Shareholders: The increased stake by a significant shareholder may influence market perception and potentially future strategic directions.
• Management and Board: Barton's substantial voting power could impact board composition and decision-making processes.
• Other Investors: The concentration of voting power might affect the influence of other shareholders.

Next Steps

• Monitor future filings by Richard N. Barton for any further changes in beneficial ownership or voting power.
• Observe Zillow Group's strategic decisions and corporate governance practices in light of Barton's significant voting influence.

Key Dates

Keywords

Zillow Group, Schedule 13D, Richard N. Barton, Class A Common Stock, Beneficial Ownership, Share Repurchases, Voting Power, SEC Filing, Amendment