Brian Sung Lee - May 14, 2021 Form 3 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role
Director
Signature
/s/ Ryan Sakamoto, as Attorney-in-Fact
Stock symbol
ZIP
Transactions as of
May 14, 2021
Transactions value $
$0
Form type
3
Date filed
5/14/2021, 09:24 PM
Previous filing
Mar 4, 2022
Next filing
Apr 20, 2022

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
holding ZIP Employee Stock Option (right to buy) May 14, 2021 Class B Common Stock 220K $0.78 Direct F1
holding ZIP Restricted Stock Units (RSU) May 14, 2021 Class B Common Stock 4.54K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option is fully vested.
F2 Commencing on April 1, 2019, the RSUs shall vest upon satisfaction of two conditions while the Reporting Person remains an employee or provider of services to the Issuer: (A) a time and service requirement satisfied as to 1/4 of the RSUs on each quarterly vesting date following the vesting commencement date; and (B) a liquidity event requirement satisfied on the earliest to occur of the first trading day following the expiration of the lockup period applicable to an IPO of the Issuer's equity securities pursuant to an effective registration statement, March 15 of the calendar year following the year in which an IPO occurs, or a change in control. The Issuer's Board of Directors has waived the liquidity event requirement condition effective as of the earlier of the first day of trading of the Issuer's Class A Common Stock on the (i) New York Stock Exchange and (ii) March 15, 2022.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.