Timothy G. Yarbrough - Jun 15, 2021 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role: Chief Business Officer
Signature: /s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Stock symbol: ZIP
Transactions as of: Jun 15, 2021
Transactions value $: -$125,349
Form type: 4
Date filed: 6/24/2021, 09:33 PM
Previous filing: Jun 4, 2021
Next filing: Aug 18, 2021

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	+11.8K	+25.59%	$0.00	58K	Jun 15, 2021	Direct	F1, F2
transaction	ZIP	Class A Common Stock	Sale	-$125K	-5.97K	-10.3%	$21.00	52K	Jun 15, 2021	Direct	F3
holding	ZIP	Class A Common Stock						310K	Jun 15, 2021	See footnote	F4

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		-7.5K	-14.29%		45K	Jun 15, 2021	Class B Common Stock	7.5K		Direct	F5, F6
transaction	ZIP	Restricted Stock Unit	Options Exercise		-4.31K	-9.09%		43.1K	Jun 15, 2021	Class B Common Stock	4.31K		Direct	F5, F7
transaction	ZIP	Class B Common Stock	Options Exercise		+11.8K			11.8K	Jun 15, 2021	Class A Common Stock	11.8K		Direct	F2
transaction	ZIP	Class B Common Stock	Conversion of derivative security		-11.8K	-100%		0	Jun 15, 2021	Class A Common Stock	11.8K		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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.70 to $21.00 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4	These securities are held of record by the Yarbrough Family Trust, dated March 23, 2017, a living trust, of which the Reporting Person is co-trustee.
F5	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
F6	25% of the RSUs will vest on February 14, 2020, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F7	25% of the RSUs will vest on January 1, 2021, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continued service to the Issuer on each vesting date.