Form 4 for ZIP ZIPRECRUITER, INC.
Accepted 2021-09-14 00:00:00 ET · period of report 2021-09-08 · accession 0001209191-21-056080 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-09-14 | 2021-09-08 | ZIP | DIONELLO RENATA | CHRO | C - Cnv Deriv | $0.00 | +90.0K | 92.0K | +4,594% | $0 |
| D | 2021-09-14 | 2021-09-10 | ZIP | DIONELLO RENATA | CHRO | S - Sale | $23.82 | -40.9K | 51.0K | -44% | -$974.5K |
| DM | 2021-09-14 | 2021-09-08 | ZIP | DIONELLO RENATA | CHRO | M - OptEx | $0.00 | 0 | 270.0K | New | $0 |
| D | 2021-09-14 | 2021-09-08 | ZIP | DIONELLO RENATA | CHRO | C - Cnv Deriv | — | -90.0K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-09-08 | C | A | 90,000 | $0.00 | 91,959 | D | — | — | (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. |
| 2 | Common | Class A Common Stock | 2021-09-10 | S | D | 40,912 | $23.82 | 51,047 | D | — | — | (F4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.80 to $23.82 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. |
| 3 | Derivative | Class B Common Stock | 2021-09-08 | M | A | 90,000 | — | 90,000 | D | — · — to — | 90,000 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. |
| 4 | Derivative | Restricted Stock Units | 2021-09-08 | M | D | 90,000 | $0.00 | 270,000 | D | — · — to 2027-11-03 | 90,000 Class B Common Stock | (F5) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. (F6) Commencing on September 8, 2020, the RSUs shall vest upon satisfaction of two conditions while the recipient 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. (F7) [continuation of fn5] The Issuer's Board of Directors has waived the liquidity event requirement condition effective as of the earlier of (a) the first day of trading of the Issuer's Class A Common Stock on the New York Stock Exchange and (b) March 15, 2022. |
| 5 | Derivative | Class B Common Stock | 2021-09-08 | C | D | 90,000 | — | 0 | D | — · — to — | 90,000 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. |