DAVID TRAVERS - 02 Jan 2024 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
02 Jan 2024
Net transactions value
-$586,379
Form type
4
Filing time
04 Jan 2024, 16:04:52 UTC
Previous filing
19 Dec 2023
Next filing
08 Jan 2024
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 Conversion of derivative security +18,197 +1.7% 1,093,414 02 Jan 2024 Direct F1, F2
transaction ZIP Class A Common Stock Sale $245,878 -18,197 -1.7% $13.51 1,075,217 02 Jan 2024 Direct F3, F4
transaction ZIP Class A Common Stock Conversion of derivative security +25,286 +2.4% 1,100,503 03 Jan 2024 Direct F1, F2
transaction ZIP Class A Common Stock Sale $340,501 -25,286 -2.3% $13.47 1,075,217 03 Jan 2024 Direct F3, F5

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 Employee Stock Option (right to buy) Options Exercise $0 -18,197 -4.5% $0.000000 385,191 02 Jan 2024 Class B Common Stock 18,197 $0.8350 Direct F6
transaction ZIP Class B Common Stock Options Exercise +18,197 18,197 02 Jan 2024 Class A Common Stock 18,197 Direct F2
transaction ZIP Class B Common Stock Conversion of derivative security -18,197 -100% 0 02 Jan 2024 Class A Common Stock 18,197 Direct F1, F2
transaction ZIP Employee Stock Option (right to buy) Options Exercise $0 -25,286 -6.6% $0.000000 359,905 03 Jan 2024 Class B Common Stock 25,286 $0.8350 Direct F6
transaction ZIP Class B Common Stock Options Exercise +25,286 25,286 03 Jan 2024 Class A Common Stock 25,286 Direct F2
transaction ZIP Class B Common Stock Conversion of derivative security -25,286 -100% 0 03 Jan 2024 Class A Common Stock 25,286 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person on September 14, 2023.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.38 to $13.59 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.37 to $13.55 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The stock option is fully vested.