Ryan Eberhard - 15 Sep 2021 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role: Chief Product Officer
Signature: /s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Issuer symbol: ZIP
Transactions as of: 15 Sep 2021
Net transactions value: -$240,801
Form type: 4
Filing time: 17 Sep 2021, 21:42:30 UTC
Previous filing: 18 Aug 2021
Next filing: 29 Sep 2021
SEC: View on sec.gov

Key filing fact

Ryan Eberhard filed Form 4 for ZIPRECRUITER, INC. (ZIP) on 17 Sep 2021.

Key facts

This page summarizes Ryan Eberhard's Form 4 filing for ZIPRECRUITER, INC. (ZIP).
7 reported transactions and 5 derivative rows are listed below.
Filing timestamp: 17 Sep 2021, 21:42.

Change

Previous filing in this sequence was filed on 18 Aug 2021.
Current net transaction value: -$240,801.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

ZIP transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +17,181
Change %: +12%
Price: $0.000000
Shares after: 161,061
Date: 15 Sep 2021
Ownership: Direct
Footnotes: F1, F2

ZIP transaction

Class A Common Stock

Sale

Transaction value: $240,801
Shares: -9,283
Change %: -5.8%
Price: $25.94
Shares after: 151,778
Date: 15 Sep 2021
Ownership: Direct
Footnotes: F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

ZIP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -7,125
Change %: -7.1%
Price: $0.000000
Shares after: 92,625
Date: 15 Sep 2021
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 7,125
Exercise price
Footnotes: F4, F5, F6

ZIP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,556
Change %: -12%
Price: $0.000000
Shares after: 17,894
Date: 15 Sep 2021
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 2,556
Exercise price
Footnotes: F4, F7, F8

ZIP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -7,500
Change %: -17%
Price: $0.000000
Shares after: 37,500
Date: 15 Sep 2021
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 7,500
Exercise price
Footnotes: F4, F9

ZIP transaction Derivative

Class B Common Stock

Options Exercise

Transaction value: $0
Shares: +17,181
Change %
Price: $0.000000
Shares after: 17,181
Date: 15 Sep 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 17,181
Exercise price
Footnotes: F2

ZIP transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -17,181
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Sep 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 17,181
Exercise price
Footnotes: 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 aggregate number of shares sold by the Reporting Person to cover taxes and fees due upon the release and settlement of the restricted stock unit ("RSU"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.
F4	Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
F5	Commencing on March 24, 2021, the RSUs shall vest upon satisfaction of two conditions while the recipient remains an employee or provider of services to the Issuer: (a) a time and service requirement satisfied as to 1/16 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.
F6	[continuation of fn5] These RSUs are subject to a liquidity event requirement which the Issuer's Board of Directors has waived in full, effective as of the earlier to occur of: (a) the first day of trading of the Issuer's Class A Common Stock on the New York Stock Exchange and (b) March 15, 2022.
F7	Commencing on August 26, 2019, the RSUs shall vest upon satisfaction of two conditions while the recipient remains an employee or provider of services to the Issuer: (A) a time and service requirement satisfied over four years, with 25% of the RSUs vesting on August 26, 2020, and 1/16 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.
F8	[continuation of fn7] These RSUs are subject to a liquidity event requirement which the Issuer's Board of Directors has waived in full, effective as of the earlier to occur of: (a) the first day of trading of the Issuer's Class A Common Stock on the New York Stock Exchange and (b) March 15, 2022.
F9	Commencing on January 1, 2019, the RSUs shall vest upon satisfaction of two conditions while the recipient remains an employee or provider of services to the Issuer: (A) a time and service requirement satisfied as to 1/16 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 New York Stock Exchange and March 15, 2022.