Timothy G. Yarbrough - Sep 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: Sep 15, 2021
Transactions value $: -$235,250
Form type: 4
Date filed: 9/17/2021, 09:46 PM
Previous filing: Sep 2, 2021
Next filing: Sep 22, 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	+18.1K	+32.64%	$0.00	73.4K	Sep 15, 2021	Direct	F1, F2
transaction	ZIP	Class A Common Stock	Sale	-$235K	-9.07K	-12.36%	$25.94	64.3K	Sep 15, 2021	Direct	F3
holding	ZIP	Class A Common Stock						310K	Sep 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	-16.67%		37.5K	Sep 15, 2021	Class B Common Stock	7.5K		Direct	F5, F6
transaction	ZIP	Restricted Stock Unit	Options Exercise		-4.31K	-10%		38.8K	Sep 15, 2021	Class B Common Stock	4.31K		Direct	F5, F7
transaction	ZIP	Restricted Stock Unit	Options Exercise		-6.25K	-8.33%		68.8K	Sep 15, 2021	Class B Common Stock	6.25K		Direct	F5, F8
transaction	ZIP	Class B Common Stock	Options Exercise		+18.1K			18.1K	Sep 15, 2021	Class A Common Stock	18.1K		Direct	F2
transaction	ZIP	Class B Common Stock	Conversion of derivative security		-18.1K	-100%		0	Sep 15, 2021	Class A Common Stock	18.1K		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 aggregate number of shares sold by the Reporting Person to cover taxes and fees due upon the release and settlement of the restricted stock units ("RSUs"). 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	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 RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
F6	The RSU vested as to 25% of the total shares on January 1, 2020, and thereafter vests 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	The RSU vested as to 25% of the total shares 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.
F8	The RSU vested as to 25% of the total shares 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.