David Travers - Jan 4, 2024 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role
President
Signature
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Stock symbol
ZIP
Transactions as of
Jan 4, 2024
Transactions value $
-$20,542
Form type
4
Date filed
1/8/2024, 04:26 PM
Previous filing
Jan 4, 2024
Next filing
Mar 12, 2024

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 +1.52K +0.14% 1.08M Jan 4, 2024 Direct F1, F2
transaction ZIP Class A Common Stock Sale -$20.5K -1.52K -0.14% $13.54 1.08M Jan 4, 2024 Direct F3, F4

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 -1.52K -0.42% $0.00 358K Jan 4, 2024 Class B Common Stock 1.52K $0.84 Direct F5
transaction ZIP Class B Common Stock Options Exercise +1.52K 1.52K Jan 4, 2024 Class A Common Stock 1.52K Direct F2
transaction ZIP Class B Common Stock Conversion of derivative security -1.52K -100% 0 Jan 4, 2024 Class A Common Stock 1.52K 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 $13.50 to $13.58 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 stock option is fully vested.