ZIP insider files Form 144 for 5,553 RSU shares sale on NYSE

Rhea-AI Filing Summary

Form 144 notice indicates a proposed sale of 5,553 common shares on the NYSE through Morgan Stanley Smith Barney, with an aggregate market value of $29,042.19. The shares were acquired as restricted stock units from the issuer on 09/15/2025 and are listed for approximate sale on 09/18/2025. The filing shows aggregated outstanding shares of 74,088,830, so the proposed sale represents roughly 0.0075% of outstanding common shares. The filer also reported two prior 10b5-1 sales by Amy F. Garefis in the past three months: 2,847 shares on 08/18/2025 for $12,493.26 and 2,532 shares on 07/18/2025 for $11,640.62. The form contains customary Rule 144 and 10b5-1 attestations but does not specify the issuer name or the filing date.

Positive

• Use of 10b5-1 plans for prior sales indicates preplanned, compliant insider trading procedures
• Brokered sale through Morgan Stanley Smith Barney shows professional execution and record-keeping

Negative

• None.

Insights

Securities Analyst

TL;DR Small officer/director/affiliate sale of RSUs; immaterial to capitalization but shows insider liquidity activity.

The filing documents a proposed disposition of 5,553 shares valued at $29,042.19, representing approximately 0.0075% of the 74.09 million shares outstanding. The shares were acquired as restricted stock units on 09/15/2025 and are to be sold through Morgan Stanley Smith Barney on or about 09/18/2025. Two prior 10b5-1 plan sales by Amy F. Garefis in July and August 2025 totaled 5,379 shares for $24,133.88, indicating ongoing, preplanned insider sales rather than opportunistic trading. Given the very small percentage relative to outstanding shares, there is no material impact on the company’s capitalization or liquidity profile.

Corporate Governance Expert

TL;DR Filing reflects standard insider compliance with Rule 144 and use of 10b5-1 plans; limited governance signal beyond routine compensation monetization.

The notice shows the sale of recently vested RSUs and references 10b5-1 sales by an insider, which suggests use of pre-established trading plans and formal broker handling. Absence of the issuer name and the date of notice in the provided extract limits assessment of timing and disclosure completeness. From a governance perspective, recorded 10b5-1 activity is a normal mechanism for insiders to diversify compensation while minimizing concerns about opportunistic timing, and the transaction size is immaterial to shareholders.

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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5553	29042.19	74088830	09/18/2025	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 *
Common	09/15/2025	Restricted Stock Units	Issuer			5553	09/15/2025	N/A

* 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
10b5-1 Sales Plan for AMY F GAREFIS 3000 Ocean Park Blvd., Suite 3000 Santa Monica CA 90405	Common	08/18/2025	2847	12493.26
10b5-1 Sales Plan for AMY F GAREFIS 3000 Ocean Park Blvd., Suite 3000 Santa Monica CA 90405	Common	07/18/2025	2532	11640.62

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

What does the Form 144 filed for ZIP (ZIP) report?

The filing reports a proposed sale of 5,553 common shares valued at $29,042.19, acquired as RSUs on 09/15/2025 and proposed for sale on 09/18/2025.

How large is the proposed sale relative to ZIP's outstanding shares?

The 5,553 shares represent approximately 0.0075% of the 74,088,830 shares reported as outstanding.

Were there recent insider sales related to this filing?

Yes. Amy F. Garefis executed 10b5-1 sales of 2,847 shares on 08/18/2025 for $12,493.26 and 2,532 shares on 07/18/2025 for $11,640.62.

What type of acquisition triggered the sale?

The shares were acquired as Restricted Stock Units (RSUs) from the issuer on 09/15/2025 and paid on the same date.

Which broker is handling the proposed sale?

Morgan Stanley Smith Barney LLC, Executive Financial Services, New York.