Timothy G. Yarbrough - 15 Sep 2024 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Role
EVP & CHIEF FINANCIAL OFFICER
Signature
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Issuer symbol
ZIP
Transactions as of
15 Sep 2024
Net transactions value
-$135,897
Form type
4
Filing time
17 Sep 2024, 20:32:16 UTC
Previous filing
21 Aug 2024
Next filing
20 Sep 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 Options Exercise $0 +28,900 +14% $0.000000 241,727 15 Sep 2024 Direct
transaction ZIP Class A Common Stock Options Exercise $0 +6,250 +2.6% $0.000000 247,977 15 Sep 2024 Direct
transaction ZIP Class A Common Stock Tax liability $135,897 -13,867 -5.6% $9.80 234,110 15 Sep 2024 Direct F1
holding ZIP Class A Common Stock 156,471 15 Sep 2024 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 Options Exercise $0 -6,250 -20% $0.000000 25,000 15 Sep 2024 Class A Common Stock 6,250 $0.000000 Direct F3, F4, F5
transaction ZIP Restricted Stock Units Options Exercise $0 -11,578 -10% $0.000000 104,202 15 Sep 2024 Class A Common Stock 11,578 $0.000000 Direct F3, F5, F6
transaction ZIP Restricted Stock Units Options Exercise $0 -11,072 -7.1% $0.000000 143,934 15 Sep 2024 Class A Common Stock 11,072 $0.000000 Direct F3, F5, F7
* 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 These securities are held of record by the Yarbrough Family Trust, dated March 23, 2017, a living trust, of which the Reporting Person is co-trustee.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
F4 The RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on March 15, 2022 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F5 RSUs do not expire; they either vest or are canceled prior to vesting date.
F6 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.
F7 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.

Remarks:

The Reporting Person's direct holdings as reported in Table I of Forms 4 filed June 21, 2024 and July 23, 2024 were inadvertently overstated by seven (7) shares.