DAVID TRAVERS - 18 Feb 2022 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role
President
Signature
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Issuer symbol
ZIP
Transactions as of
18 Feb 2022
Transactions value $
-$589,956
Form type
4
Filing time
19 Sep 2022, 20:41:54 UTC
Previous filing
14 Feb 2022
Next filing
17 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZIP Class A Common Stock Options Exercise $0 +13K +1.37% $0.00 964K 15 Mar 2022 Direct
transaction ZIP Class A Common Stock Tax liability -$131K -6.94K -0.72% $18.92 957K 15 Mar 2022 Direct F1
transaction ZIP Class A Common Stock Options Exercise $0 +6.25K +0.62% $0.00 1.01M 15 Sep 2022 Direct
transaction ZIP Class A Common Stock Conversion of derivative security $0 +38.7K +3.82% $0.00 1.05M 15 Sep 2022 Direct F2
transaction ZIP Class A Common Stock Tax liability -$459K -24K -2.28% $19.12 1.03M 15 Sep 2022 Direct F1

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 Award +13K 13K 18 Feb 2022 Class A Common Stock 13K Direct F3, F4, F5
transaction ZIP Restricted Stock Units Options Exercise -13K -100% 0 15 Mar 2022 Class A Common Stock 13K Direct F3, F4, F5
transaction ZIP Restricted Stock Units Options Exercise -6.25K -7.69% 75K 15 Sep 2022 Class A Common Stock 6.25K Direct F3, F5, F6, F7
transaction ZIP Restricted Stock Units Options Exercise -20.3K -50% 20.3K 15 Sep 2022 Class B Common Stock 20.3K Direct F3, F5, F8
transaction ZIP Restricted Stock Units Options Exercise -6.78K -16.67% 33.9K 15 Sep 2022 Class B Common Stock 6.78K Direct F3, F5, F9
transaction ZIP Restricted Stock Units Options Exercise -11.6K -10% 105K 15 Sep 2022 Class B Common Stock 11.6K Direct F3, F5, F10
transaction ZIP Class B Common Stock Options Exercise +38.7K 38.7K 15 Sep 2022 Class A Common Stock 38.7K Direct F11
transaction ZIP Class B Common Stock Conversion of derivative security -38.7K -100% 0 15 Sep 2022 Class A Common Stock 38.7K Direct F2, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
F4 The RSUs are fully vested upon grant, with settlement to occur on March 15, 2022.
F5 RSUs do not expire; they either vest or are canceled prior to vesting date.
F6 This RSU was granted by the Compensation Committee of the Issuer's Board of Directors on February 18, 2022. The grant date for this RSU was inadvertently reported as December 15, 2021 in a Form 4 filed on December 21, 2022.
F7 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.
F8 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.
F9 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.
F10 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.
F11 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.

Remarks:

The total number of shares reported in Column 5 of Table I in Forms 4 filed after December 15, 2021 do not include shares issued in connection with the vesting of 13,000 RSUs on March 15, 2022 and the related withholding of shares in connection with the payment of federal and state tax withholding obligations resulting from the vesting of such RSUs.