ZipRecruiter trust plans $504K share sale under Rule 144 filing

Rhea-AI Filing Summary

ZipRecruiter, Inc. (ZIP) filed a Form 144 indicating the intent to sell up to 100,538 Class A common shares through Goldman Sachs & Co. LLC on or about 18 June 2025. At the filing’s reference price $5.01. The issuer reports 79,873,424 shares outstanding, so the proposed sale represents approximately 0.13 % of total shares.

The seller—identified in the historical sales table as The Siegel Family Trust dtd 11/7/2005—has already sold 103,897 shares in the past three months across ten transactions $49.8 K to $97.0 K. Recent acquisitions listed include 38,765 RSU shares granted on 15 June 2025 and 74,613 shares acquired in a 2010 private transaction.

No earnings data, corporate developments, or explanatory remarks were provided. The filing serves primarily as a compliance notice under Rule 144, alerting the market to potential insider liquidity activity. Investors typically monitor such filings for sentiment signals; however, the size relative to float is small and does not, by itself, imply operational weakness.

Positive

• Sale represents only ~0.13 % of shares outstanding, suggesting minimal dilution or price pressure.
• Compliance with Rule 144 reflects adherence to disclosure requirements, reducing regulatory risk.

Negative

• Continued insider selling—103,897 shares sold in the prior three months plus another 100,538 proposed—may signal reduced insider confidence.
• No accompanying business update leaves investors without context for the liquidation, potentially fostering uncertainty.

Insights

Securities Analyst

TL;DR: Small-scale insider sale (0.13 % float); neutral financial impact, but continued selling trend worth watching.

The Form 144 shows a proposed divestiture of 100,538 ZIP shares by The Siegel Family Trust. When combined with the 103,897 shares already sold since March, the trust could liquidate over 200 K shares within a four-month window. Even so, the cumulative amount remains immaterial versus ~80 M shares outstanding and does not threaten market liquidity. The use of Goldman Sachs suggests an orderly execution. No price-sensitive operational data are disclosed, so valuation should not be directly affected. Still, persistent insider selling can weigh on sentiment, especially given ZIP’s post-IPO performance volatility. Investors may treat the disclosure as a mild negative signal but not a catalyst for major re-pricing.

Corporate Governance Expert

TL;DR: Routine Rule 144 filing; limited governance concern due to low ownership dilution.

The filing adheres to SEC Rule 144 requirements, demonstrating procedural compliance. The trust’s prior sales were disclosed within the mandated three-month look-back, and the filing reaffirms that the seller claims no undisclosed adverse information. The absence of a stated relationship to the issuer prevents assessing control-person status; however, the quantities involved do not indicate a significant shift in control or board influence. Overall governance risk remains low.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	100538	503695.38	79873424	06/18/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	06/30/2010	Acquired from issuer in private transaction	The Issuer			74613	06/30/2010	None
Class A Common Stock	06/15/2025	Acquired as compensation -- Restricted Stock Units	The Issuer			13040	06/15/2025	Compensation
Class A Common Stock	06/15/2025	Acquired as compensation -- Restricted Stock Units	The Issuer			12885	06/15/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
The Siegel Family Trust dtd 11/7/2005 604 Arizona Avenue Santa Monica CA 90401	Class A Common Stock	03/19/2025	16399	97046
The Siegel Family Trust dtd 11/7/2005 604 Arizona Avenue Santa Monica CA 90401	Class A Common Stock	03/19/2025	9722	57511.46
The Siegel Family Trust dtd 11/7/2005 604 Arizona Avenue Santa Monica CA 90401	Class A Common Stock	03/20/2025	9722	57563.96
The Siegel Family Trust dtd 11/7/2005 604 Arizona Avenue Santa Monica CA 90401	Class A Common Stock	03/21/2025	9722	57517.3
The Siegel Family Trust dtd 11/7/2005 604 Arizona Avenue Santa Monica CA 90401	Class A Common Stock	04/03/2025	9722	54608.47
The Siegel Family Trust dtd 11/7/2005 604 Arizona Avenue Santa Monica CA 90401	Class A Common Stock	04/04/2025	9722	50486.35
The Siegel Family Trust dtd 11/7/2005 604 Arizona Avenue Santa Monica CA 90401	Class A Common Stock	04/07/2025	9722	49762.06
The Siegel Family Trust dtd 11/7/2005 604 Arizona Avenue Santa Monica CA 90401	Class A Common Stock	05/01/2025	9722	51990.34
The Siegel Family Trust dtd 11/7/2005 604 Arizona Avenue Santa Monica CA 90401	Class A Common Stock	05/02/2025	9722	53659.61
The Siegel Family Trust dtd 11/7/2005 604 Arizona Avenue Santa Monica CA 90401	Class A Common Stock	05/05/2025	9722	53450.58

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many ZipRecruiter (ZIP) shares are proposed for sale in this Form 144?

100,538 Class A common shares are slated for sale.

What is the estimated market value of the planned ZIP share sale?

The aggregate market value is listed at $503,695.38.

What percentage of ZipRecruiter's outstanding shares does the sale represent?

Approximately 0.13 % of the 79,873,424 shares outstanding.

Who is executing the sale for the trust?

The broker named is Goldman Sachs & Co. LLC.

How many ZIP shares has the trust sold in the last three months?

The filing lists 103,897 shares sold between 19 March 2025 and 5 May 2025.

When is the approximate sale date for the newly filed shares?

The filing states an approximate sale date of 18 June 2025.