ZILLOW GROUP INC

Note 9. Share Repurchase Authorizations

The Board has authorized the repurchase of up to $2.5 billion of our Class A common stock, Class C capital stock, outstanding convertible senior notes or a combination thereof. For additional information on these authorizations, see Note 13 in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023.

Repurchases of stock under the Repurchase Authorizations may be made in open-market transactions or privately negotiated transactions, or in such other manner as deemed appropriate by management, and may be made from time to time as determined by management depending on market conditions, share price, trading volume, cash needs and other business factors, in each case as permitted by securities laws and other legal requirements. As of March 31, 2024, $761 million remained available for future repurchases pursuant to the Repurchase Authorizations.

The following table summarizes our Class A common stock and Class C capital stock repurchase activity under the Repurchase Authorizations for the periods presented (in millions, except share data, which are presented in thousands, and per share amounts):

In April 2024, we repurchased 0.3 million shares of Class A common stock for $15 million at a weighted average price per share of $43.01 and 1.8 million shares of Class C capital stock for $76 million at a weighted average price per share of $43.34. As of May 1, 2024, $670 million remained available for future repurchases pursuant to the Repurchase Authorizations.