DAVID TRAVERS - 28 Jun 2021 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role
Chief Financial Officer
Signature
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Issuer symbol
ZIP
Transactions as of
28 Jun 2021
Transactions value $
-$450,141
Form type
4
Filing time
30 Jun 2021, 21:53:22 UTC
Previous filing
29 Jun 2021
Next filing
07 Jul 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 +38.7K +4.41% $0.00 917K 28 Jun 2021 Direct F1, F2
transaction ZIP Class A Common Stock Sale -$450K -19.4K -2.12% $23.19 898K 28 Jun 2021 Direct F3
holding ZIP Class A Common Stock 190K 28 Jun 2021 See footnote F4
holding ZIP Class A Common Stock 16.9K 28 Jun 2021 See footnote F5

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 -20.3K -14.29% 122K 28 Jun 2021 Class B Common Stock 20.3K Direct F6, F7
transaction ZIP Restricted Stock Units Options Exercise -6.78K -9.09% 67.8K 28 Jun 2021 Class B Common Stock 6.78K Direct F6, F8
transaction ZIP Restricted Stock Units Options Exercise -11.6K -6.67% 163K 28 Jun 2021 Class B Common Stock 11.6K Direct F6, F9
transaction ZIP Class B Common Stock Options Exercise +38.7K 38.7K 28 Jun 2021 Class A Common Stock 38.7K Direct F2
transaction ZIP Class B Common Stock Conversion of derivative security -38.7K -100% 0 28 Jun 2021 Class A Common Stock 38.7K 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 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units.
F4 Represents shares held by Basepoint Ventures Opportunity I, LLC, of which the Reporting Person is a managing partner.
F5 Represents shares held by Basepoint Ventures Opportunity II, LLC, of which the Reporting Person is a managing partner.
F6 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
F7 The RSUs vested as to 25% of the total shares on April 1, 2020, and then 6.25% of the total shares vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F8 The RSUs vested as to 25% of the total shares on January 1, 2021, and then 6.25% of the total shares vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F9 The RSUs vest 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.