| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ZIP | Class A Common Stock | Conversion of derivative security | $0 | +51.2K | +5.51% | $0.00 | 981K | Mar 15, 2022 | Direct | F1 |
| transaction | ZIP | Class A Common Stock | Tax liability | -$452K | -23.9K | -2.38% | $18.92 | 980K | Mar 15, 2022 | Direct | F2 |
| 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 | -12.5K | -12.5% | 87.5K | Mar 15, 2022 | Class B Common Stock | 12.5K | Direct | F3, F4, F5 | |||
| transaction | ZIP | Restricted Stock Units | Options Exercise | -20.3K | -25% | 60.9K | Mar 15, 2022 | Class B Common Stock | 20.3K | Direct | F3, F6 | |||
| transaction | ZIP | Restricted Stock Units | Options Exercise | -6.78K | -12.43% | 47.8K | Mar 15, 2022 | Class B Common Stock | 6.78K | Direct | F3, F7 | |||
| transaction | ZIP | Restricted Stock Units | Options Exercise | -11.6K | -8.33% | 128K | Mar 15, 2022 | Class B Common Stock | 11.6K | Direct | F3, F8 | |||
| transaction | ZIP | Class B Common Stock | Options Exercise | +51.2K | 51.2K | Mar 15, 2022 | Class A Common Stock | 51.2K | Direct | F9 | ||||
| transaction | ZIP | Class B Common Stock | Conversion of derivative security | -51.2K | -100% | 0 | Mar 15, 2022 | Class A Common Stock | 51.2K | Direct | F1, F9 |
| Id | Content |
|---|---|
| F1 | Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock. |
| F2 | Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units (the "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. |
| F3 | Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. |
| F4 | The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2022 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date. |
| F5 | RSUs do not expire; they either vest or are canceled prior to vesting date. |
| F6 | 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. |
| F7 | 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. |
| F8 | 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. |
| F9 | 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. |