Ryan Sakamoto - Dec 31, 2022 Form 5 Insider Report for ZIPRECRUITER, INC. (ZIP)

Signature
/s/ Ryan Sakamoto
Stock symbol
ZIP
Transactions as of
Dec 31, 2022
Transactions value $
-$29,723
Form type
5
Date filed
2/14/2023, 06:04 PM
Previous filing
Dec 21, 2022
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZIP Class A Common Stock Options Exercise $0 +3K +3.9% $0.00 79.9K Mar 15, 2022 Direct
transaction ZIP Class A Common Stock Tax liability -$29.7K -1.57K -1.93% $18.92 79.9K Mar 15, 2022 Direct F1
holding ZIP Class A Common Stock 77.7K Dec 31, 2022 See footnote 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 Award $0 +3K $0.00* 0 Feb 18, 2022 Class A Common Stock 3K $0.00 Direct F3, F4, F5
transaction ZIP Restricted Stock Units Options Exercise $0 -3K -100% $0.00* 0 Mar 15, 2022 Class A Common Stock 3K $0.00 Direct F3, F4, F5
transaction ZIP Restricted Stock Units Award $0 +100K $0.00 62.5K Aug 24, 2021 Class A Common Stock 100K $0.00 Direct F3, F5, F6
* 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 ("RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported in this form for any reason other than to cover required taxes.
F2 These securities are held by the Sakamoto Living Trust dated 1/5/15, of which the Reporting Person is trustee and beneficiary.
F3 Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of settlement for no consideration.
F4 The RSUs were fully vested on February 18, 2022. Shares of Class A Common Stock were issued to the Reporting Person upon settlement of the RSUs on March 15, 2022.
F5 RSUs do not expire; they either vest or are canceled prior to the vesting date.
F6 The RSUs vest as to 1/16 of the total shares quarterly beginning on September 15, 2021 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.