Amy Garefis - 15 Dec 2024 Form 4 Insider Report for ZIPRECRUITER, INC. (ZIP)

Signature
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person
Issuer symbol
ZIP
Transactions as of
15 Dec 2024
Net transactions value
-$51,119
Form type
4
Filing time
17 Dec 2024, 21:17:01 UTC
Previous filing
17 Sep 2024
Next filing
04 Mar 2025

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 $0 +2,250 +1.2% $0.000000 185,886 15 Dec 2024 Direct F1, F2
transaction ZIP Class A Common Stock Options Exercise $0 +6,250 +3.4% $0.000000 192,136 15 Dec 2024 Direct
transaction ZIP Class A Common Stock Options Exercise $0 +5,238 +2.7% $0.000000 197,374 15 Dec 2024 Direct
transaction ZIP Class A Common Stock Options Exercise $0 +1,337 +0.68% $0.000000 198,711 15 Dec 2024 Direct
transaction ZIP Class A Common Stock Options Exercise $0 +4,553 +2.3% $0.000000 203,264 15 Dec 2024 Direct
transaction ZIP Class A Common Stock Tax liability $81,534 -10,141 -5% $8.04 193,123 15 Dec 2024 Direct F3
transaction ZIP Class A Common Stock Conversion of derivative security $0 +5,500 +2.8% $0.000000 198,623 16 Dec 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 -2,250 -100% $0.000000 0 15 Dec 2024 Class B Common Stock 2,250 $0.000000 Direct F4, F5, F6
transaction ZIP Restricted Stock Units Options Exercise $0 -6,250 -25% $0.000000 18,750 15 Dec 2024 Class A Common Stock 6,250 $0.000000 Direct F6, F7, F8
transaction ZIP Restricted Stock Units Options Exercise $0 -5,238 -11% $0.000000 41,896 15 Dec 2024 Class A Common Stock 5,238 $0.000000 Direct F6, F7, F9
transaction ZIP Restricted Stock Units Options Exercise $0 -1,337 -12% $0.000000 9,359 15 Dec 2024 Class A Common Stock 1,337 $0.000000 Direct F6, F7, F10
transaction ZIP Restricted Stock Units Options Exercise $0 -4,553 -7.7% $0.000000 54,636 15 Dec 2024 Class A Common Stock 4,553 $0.000000 Direct F6, F7, F11
transaction ZIP Class B Common Stock Options Exercise $0 +2,250 $0.000000 2,250 15 Dec 2024 Class A Common Stock 2,250 $0.000000 Direct F2, F12
transaction ZIP Class B Common Stock Conversion of derivative security $0 -2,250 -100% $0.000000 0 15 Dec 2024 Class A Common Stock 2,250 $0.000000 Direct F1, F12
transaction ZIP Employee Stock Option (right to buy) Options Exercise $0 -5,500 -20% $0.000000 22,533 16 Dec 2024 Class B Common Stock 5,500 $5.53 Direct F13
transaction ZIP Class B Common Stock Options Exercise $30,415 +5,500 $5.53 5,500 16 Dec 2024 Class A Common Stock 5,500 $0.000000 Direct F12
transaction ZIP Class B Common Stock Conversion of derivative security $0 -5,500 -100% $0.000000 0 16 Dec 2024 Class A Common Stock 5,500 $0.000000 Direct F1, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of Class B Common Stock into Class A Common Stock.
F2 The Reporting Person's previous Form 4 erroneously reported holdings of 14,467 shares of Class B Common Stock that are actually shares of Class A Common Stock.
F3 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.
F4 Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
F5 Commencing on March 24, 2021, the RSUs shall vest upon satisfaction of two conditions while the Reporting Person remains an employee or provider of services to the Issuer: (A) a time and service requirement satisfied as to 1/16 of the RSUs on each quarterly vesting date following the vesting commencement date; and (B) a liquidity event requirement satisfied on the earliest to occur of the first trading day following the expiration of the lockup period applicable to an IPO of the Issuer's equity securities pursuant to an effective registration statement, March 15 of the calendar year following the year in which an IPO occurs, or a change in control.
F6 RSUs do not expire; they either vest or are canceled prior to vesting date.
F7 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
F8 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.
F9 The RSUs vest and are scheduled to settle as of 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.
F10 The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2023 until fully vested, with the first two vesting tranches scheduled to settle on March 15, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F11 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.
F12 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.
F13 The stock option is fully vested.