Form 4 for ZIP ZIPRECRUITER, INC.
Accepted 2021-09-17 00:00:00 ET · period of report 2021-09-15 · accession 0001209191-21-056789 · 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 | 2021-09-17 | 2021-09-15 | ZIP | EBERHARD RYAN | Chief Product Off | S - Sale | $25.94 | -9,283 | 151.8K | -6% | -$240.8K |
| D | 2021-09-17 | 2021-09-15 | ZIP | EBERHARD RYAN | Chief Product Off | C - Cnv Deriv | $0.00 | +17.2K | 161.1K | +12% | $0 |
| DM | 2021-09-17 | 2021-09-15 | ZIP | EBERHARD RYAN | Chief Product Off | M - OptEx | $0.00 | 0 | 92.6K | New | $0 |
| D | 2021-09-17 | 2021-09-15 | ZIP | EBERHARD RYAN | Chief Product Off | C - Cnv Deriv | $0.00 | -17.2K | 0 | -100% | $0 |
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 | 2021-09-15 | S | D | 9,283 | $25.94 | 151,778 | D | — | — | |
| 2 | Common | Class A Common Stock | 2021-09-15 | C | A | 17,181 | $0.00 | 161,061 | 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. |
| 3 | Derivative | Class B Common Stock | 2021-09-15 | M | A | 17,181 | $0.00 | 17,181 | D | — · — to — | 17,181 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 | Class B Common Stock | 2021-09-15 | C | D | 17,181 | $0.00 | 0 | D | — · — to — | 17,181 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. |
| 5 | Derivative | Restricted Stock Units | 2021-09-15 | M | D | 2,556 | $0.00 | 17,894 | D | — · — to 2026-08-25 | 2,556 Class B Common Stock | (F4) Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. (F7) Commencing on August 26, 2019, 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 over four years, with 25% of the RSUs vesting on August 26, 2020, and 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. (F8) [continuation of fn7] These RSUs are subject to a liquidity event requirement which the Issuer's Board of Directors has waived in full, effective as of the earlier to occur 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. |
| 6 | Derivative | Restricted Stock Units | 2021-09-15 | M | D | 7,500 | $0.00 | 37,500 | D | — · — to 2026-02-13 | 7,500 Class B Common Stock | (F4) Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. (F9) Commencing on January 1, 2019, 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. The Issuer's Board of Directors has waived the liquidity event requirement condition effective as of the earlier of the first day of trading of the Issuer's Class A Common Stock on the New York Stock Exchange and March 15, 2022. |
| 7 | Derivative | Restricted Stock Units | 2021-09-15 | M | D | 7,125 | $0.00 | 92,625 | D | — · — to 2031-03-23 | 7,125 Class B Common Stock | (F4) Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. (F6) [continuation of fn5] These RSUs are subject to a liquidity event requirement which the Issuer's Board of Directors has waived in full, effective as of the earlier to occur 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. (F5) Commencing on March 24, 2021, 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. |