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

Role: Chief Financial Officer
Signature: /s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Stock symbol: ZIP
Transactions as of: Sep 15, 2021
Transactions value $: -$532,444
Form type: 4
Date filed: 9/17/2021, 09:47 PM
Previous filing: Aug 9, 2021
Next filing: Sep 29, 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	+38.7K	+4.19%	$0.00	963K	Sep 15, 2021	Direct	F1, F2
transaction	ZIP	Class A Common Stock	Sale	-$532K	-20.5K	-2.13%	$25.94	943K	Sep 15, 2021	Direct	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		-20.3K	-16.67%		102K	Sep 15, 2021	Class B Common Stock	20.3K		Direct	F4, F5
transaction	ZIP	Restricted Stock Units	Options Exercise		-6.78K	-10%		61K	Sep 15, 2021	Class B Common Stock	6.78K		Direct	F4, F6
transaction	ZIP	Restricted Stock Units	Options Exercise		-11.6K	-7.14%		151K	Sep 15, 2021	Class B Common Stock	11.6K		Direct	F4, F7
transaction	ZIP	Class B Common Stock	Options Exercise		+38.7K			38.7K	Sep 15, 2021	Class A Common Stock	38.7K		Direct	F2
transaction	ZIP	Class B Common Stock	Conversion of derivative security		-38.7K	-100%		0	Sep 15, 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 ("RSUs").
F4	Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
F5	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.
F6	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.
F7	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.