Hadley Harbor Master Investors (Cayman) II L.P. - 26 May 2021 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role
10%+ Owner
Signature
Hadley Harbor Master Investors (Cayman) II L.P., By: Wellington Management Company LLP, as investment advisor, Jennifer Boylan, Vice President and Counsel
Issuer symbol
ZIP
Transactions as of
26 May 2021
Net transactions value
$0
Form type
4
Filing time
28 May 2021, 17:25:43 UTC
Previous filing
19 May 2021
Next filing
16 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZIP Class A Common Stock Conversion of derivative security $0 +1,851,097 +19% $0.000000 11,344,705 26 May 2021 Direct F1, F2

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 Convertible Promissory Note Conversion of derivative security $0 -1,851,097 -100% $0.000000* 0 26 May 2021 Class B Common Stock 1,851,097 $8.29 Direct F2, F3, F4
transaction ZIP Class B Common Stock Conversion of derivative security $0 +1,851,097 $0.000000 1,851,097 26 May 2021 Class A Common Stock 1,851,097 Direct F2
transaction ZIP Class B Common Stock Conversion of derivative security $0 -1,851,097 -100% $0.000000* 0 26 May 2021 Class A Common Stock 1,851,097 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
F2 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.
F3 The Convertible Promissory Note (the "Convertible Note") had a principal amount of $15,000,000.00, and accrued interest at the rate of 2.5% per annum compounded annually. The Convertible Note automatically converted into 1,851,097 shares of Class B Common Stock at a conversion price of $8.2909 per share immediately following the first trading day of the Issuer's Class A Common Stock on the New York Stock Exchange (May 26, 2021).
F4 The maturity date of the Convertible Note was the earliest to occur of: (1) June 22, 2023 or (2) an event of default under the Convertible Note.