Boris F. Shimanovsky - Sep 15, 2024 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Signature
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Stock symbol
ZIP
Transactions as of
Sep 15, 2024
Transactions value $
-$119,531
Form type
4
Date filed
9/17/2024, 08:28 PM
Previous filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZIP Class A Common Stock Options Exercise $0 +24.6K +9.53% $0.00 283K Sep 15, 2024 Direct
transaction ZIP Class A Common Stock Tax liability -$120K -12.2K -4.32% $9.80 270K Sep 15, 2024 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 Options Exercise $0 -6.25K -20% $0.00 25K Sep 15, 2024 Class A Common Stock 6.25K $0.00 Direct F2, F3, F4
transaction ZIP Restricted Stock Units Options Exercise $0 -7.14K -10% $0.00 64.3K Sep 15, 2024 Class A Common Stock 7.14K $0.00 Direct F2, F4, F5
transaction ZIP Restricted Stock Units Options Exercise $0 -11.2K -7.14% $0.00 146K Sep 15, 2024 Class A Common Stock 11.2K $0.00 Direct F2, F4, 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 (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 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
F3 The RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on December 15, 2021 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F4 RSUs do not expire; they either vest or are canceled prior to vesting date.
F5 The RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on March 15, 2023 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F6 The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2024 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.