Timothy G. Yarbrough - Aug 25, 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: Aug 25, 2021
Transactions value $: -$317,454
Form type: 4
Date filed: 8/27/2021, 09:16 PM
Previous filing: Aug 18, 2021
Next filing: Sep 2, 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	+25K	+50.93%	$0.00	74.1K	Aug 25, 2021	Direct	F1, F2
transaction	ZIP	Class A Common Stock	Sale	-$316K	-12.5K	-16.82%	$25.40	61.6K	Aug 25, 2021	Direct
transaction	ZIP	Class A Common Stock	Sale	-$1.02K	-40	-0.06%	$25.52	61.6K	Aug 25, 2021	Direct
holding	ZIP	Class A Common Stock						310K	Aug 25, 2021	See footnote	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		-25K	-25%		75K	Aug 25, 2021	Class B Common Stock	25K		Direct	F4, F5
transaction	ZIP	Class B Common Stock	Options Exercise		+25K			25K	Aug 25, 2021	Class A Common Stock	25K		Direct	F2
transaction	ZIP	Class B Common Stock	Conversion of derivative security		-25K	-100%		0	Aug 25, 2021	Class A Common Stock	25K		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	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.
F4	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
F5	25% of the RSUs will vest on August 25, 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.