On February 21, 2019, Zillow Group announced the appointment of Richard N. Barton as Zillow Group's Chief Executive Officer, effective February 21, 2019. Mr. Barton will succeed Spencer Rascoff, who has served as the company's Chief Executive Officer since 2010 and who will remain a member of the company's board of directors. Mr. Barton also will remain a member of the company's board of directors.

In connection with Mr. Barton's appointment, Lloyd D. Frink will succeed Mr. Barton as Executive Chairman. Mr. Frink will remain President of the company. Mr. Rascoff will remain a full-time employee of Zillow Group at his current level of compensation and benefits until March 22, 2019 in order to provide transition services until such date.

Mr. Rascoff will remain a member of Zillow Group's board of directors.