DAVID TRAVERS - 15 Mar 2024 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role
PRESIDENT
Signature
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Issuer symbol
ZIP
Transactions as of
15 Mar 2024
Net transactions value
-$347,597
Form type
4
Filing time
19 Mar 2024, 19:33:57 UTC
Previous filing
12 Mar 2024
Next filing
21 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZIP Class A Common Stock Options Exercise $0 +40,288 +3.7% $0.000000 1,117,037 15 Mar 2024 Direct F1
transaction ZIP Class A Common Stock Conversion of derivative security $0 +11,625 +1% $0.000000 1,128,662 15 Mar 2024 Direct F1, F2
transaction ZIP Class A Common Stock Tax liability $347,597 -27,697 -2.5% $12.55 1,100,965 15 Mar 2024 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZIP Restricted Stock Units Options Exercise $0 -6,250 -14% $0.000000 37,500 15 Mar 2024 Class A Common Stock 6,250 $0.000000 Direct F4, F5, F6
transaction ZIP Restricted Stock Units Options Exercise $0 -11,625 -25% $0.000000 34,875 15 Mar 2024 Class B Common Stock 11,625 $0.000000 Direct F6, F7, F8
transaction ZIP Restricted Stock Units Options Exercise $0 -13,347 -8.3% $0.000000 146,815 15 Mar 2024 Class A Common Stock 13,347 $0.000000 Direct F4, F6, F9
transaction ZIP Restricted Stock Units Options Exercise $0 -20,691 -6.3% $0.000000 310,359 15 Mar 2024 Class A Common Stock 20,691 $0.000000 Direct F4, F6, F10
transaction ZIP Class B Common Stock Options Exercise $0 +11,625 $0.000000 11,625 15 Mar 2024 Class A Common Stock 11,625 $0.000000 Direct F11
transaction ZIP Class B Common Stock Conversion of derivative security $0 -11,625 -100% $0.000000* 0 15 Mar 2024 Class A Common Stock 11,625 $0.000000 Direct F2, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,532 shares of Class A common stock acquired by the Reporting Person on February 14, 2024 pursuant to the Issuer's employee stock purchase plan.
F2 Represents the conversion of Class B Common Stock into Class A Common Stock.
F3 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units (the "RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
F4 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
F5 The RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on March 15, 2022 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F6 RSUs do not expire; they either vest or are canceled prior to vesting date.
F7 Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
F8 The RSUs vest and are scheduled to settle as of 1/16 of the total shares quarterly beginning on January 1, 2021 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F9 The RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on March 15, 2023 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F10 The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2024 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F11 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.