Boris F. Shimanovsky - Sep 15, 2021 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role
Chief Technology Officer
Signature
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Stock symbol
ZIP
Transactions as of
Sep 15, 2021
Transactions value $
-$447,698
Form type
4
Date filed
9/17/2021, 09:45 PM
Previous filing
Jun 24, 2021
Next filing
Dec 21, 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 +34.4K +47.47% $0.00 107K Sep 15, 2021 Direct F1, F2
transaction ZIP Class A Common Stock Sale -$448K -17.3K -16.16% $25.94 89.5K Sep 15, 2021 Direct

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 -34.4K -8.33% 378K Sep 15, 2021 Class B Common Stock 34.4K Direct F3, F4
transaction ZIP Class B Common Stock Options Exercise +34.4K 34.4K Sep 15, 2021 Class A Common Stock 34.4K Direct F2
transaction ZIP Class B Common Stock Conversion of derivative security -34.4K -100% 0 Sep 15, 2021 Class A Common Stock 34.4K 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 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
F4 Commencing on June 22, 2020, 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 25% on June 22, 2021 and thereafter 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.