Renata Dionello - Dec 15, 2022 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role
Chief People Officer
Signature
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Stock symbol
ZIP
Transactions as of
Dec 15, 2022
Transactions value $
-$190,321
Form type
4
Date filed
12/19/2022, 05:42 PM
Previous filing
Jun 17, 2022

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 +22.5K +19.17% $0.00 140K Dec 15, 2022 Direct F1
transaction ZIP Class A Common Stock Tax liability -$190K -11.2K -7.98% $17.06 129K Dec 15, 2022 Direct F2

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 -22.5K -14.29% 135K Dec 15, 2022 Class B Common Stock 22.5K Direct F3, F4, F5
transaction ZIP Class B Common Stock Options Exercise +22.5K 22.5K Dec 15, 2022 Class A Common Stock 22.5K Direct F6
transaction ZIP Class B Common Stock Conversion of derivative security -22.5K -100% 0 Dec 15, 2022 Class A Common Stock 22.5K Direct F1, F6
* 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 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 Commencing on September 8, 2020, the RSUs shall vest upon satisfaction of two conditions while the recipient remains a provider of services to the Issuer: (A) a time and service requirement satisfied as to 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.
F5 RSUs do not expire; they either vest or are canceled prior to vesting date.
F6 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.