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ZipRecruiter, Inc. (NYSE: ZIP) hires Carmen Chan as Chief Financial Officer

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(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

ZipRecruiter, Inc. appointed Carmen Chan, 40, as Chief Financial Officer and principal financial officer, effective August 17, 2026. She will oversee the company’s Accounting and Finance organizations and help guide long-term financial strategy.

Under her offer letter, Chan will receive a $500,000 annual base salary and be eligible for an annual bonus under the Annual Executive Incentive Plan, with a minimum 2026 bonus of $100,000. She may earn a $200,000 onboarding bonus in two installments and up to $100,000 in relocation reimbursements, grossed up for taxes. She was granted 650,000 restricted stock units, including 500,000 time-based RSUs vesting over four years (25% after one year, then 1/16 each quarter) and 150,000 performance-based RSUs tied to a stock price metric. Her employment is at will, and she will enter the company’s standard change in control and severance and indemnification agreements. On the effective date, President David Travers will cease serving as interim Chief Financial Officer but remain President.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Annual base salary $500,000 Annual base salary for CFO Carmen Chan under her offer letter
Minimum 2026 bonus $100,000 Minimum annual bonus for 2026 under the Annual Executive Incentive Plan
Onboarding bonus $200,000 Onboarding bonus payable in two installments at 90 and 180 days after start
Relocation reimbursements cap $100,000 Maximum relocation reimbursements, to be grossed up for taxable amounts
Total RSUs granted 650,000 Restricted stock units granted to Carmen Chan in connection with employment
Time-based RSUs 500,000 RSUs vesting over four years with 25% after one year, then 1/16 quarterly
Performance-based RSUs 150,000 RSUs vesting over four years subject to stock price metric and continued service
CFO effective date August 17, 2026 Effective date of Carmen Chan’s appointment as Chief Financial Officer
restricted stock units financial
"In connection with her employment, Ms. Chan was also granted 650,000 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based financial
"150,000 of such RSUs are performance-based and will vest, if at all, subject to continued service"
Annual Executive Incentive Plan financial
"eligible to receive an annual bonus pursuant to the Company’s Annual Executive Incentive Plan"
change in control and severance agreement regulatory
"Ms. Chan will also enter into the Company’s standard change in control and severance agreement"
indemnification agreement regulatory
"the Company and Ms. Chan will enter into the Company’s standard form of indemnification agreement"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What executive leadership change did ZipRecruiter (ZIP) disclose?
ZipRecruiter appointed Carmen Chan as Chief Financial Officer and principal financial officer, effective August 17, 2026. She will lead Accounting and Finance, while President David Travers ends his interim CFO role but continues as President on that date.

When does Carmen Chan become CFO of ZipRecruiter (ZIP), and what happens to David Travers?
Carmen Chan’s CFO appointment becomes effective on August 17, 2026. As of that date, David Travers will no longer serve as interim Chief Financial Officer but will continue in his existing role as President of ZipRecruiter.

What are the main compensation terms for ZipRecruiter (ZIP) CFO Carmen Chan?
Carmen Chan will receive a $500,000 annual base salary, a 2026 minimum bonus of $100,000, eligibility for an Annual Executive Incentive Plan bonus, a potential $200,000 onboarding bonus, and up to $100,000 in relocation reimbursements, grossed up for taxes.

How many RSUs did ZipRecruiter (ZIP) grant to new CFO Carmen Chan and how do they vest?
Carmen Chan received 650,000 RSUs. 500,000 time-based RSUs vest over four years (25% after one year, then 1/16 quarterly). 150,000 are performance-based, vesting over four years subject to continued service and a specified stock price metric.

What is Carmen Chan’s professional background before joining ZipRecruiter (ZIP)?
Before ZipRecruiter, Carmen Chan was a Managing Director at Barclays, advised technology and internet companies, led corporate development and investor relations at Noom, held investment banking roles at Goldman Sachs and UBS, and led revenue and business development at theSkimm.

Will ZipRecruiter (ZIP) provide severance or change-in-control protection to Carmen Chan?
Carmen Chan will enter into ZipRecruiter’s standard change in control and severance agreement for executives and the company’s standard form of indemnification agreement, aligning her protections with those provided to other senior leaders.
0001617553FALSE00016175532026-07-262026-07-26

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 26, 2026
ZipRecruiter, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware 001-40406 27-2976158
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
3000 Ocean Park Blvd., Suite 3000,    Santa Monica, California 90405
(Address of principal executive offices) (Zip Code)
(877) 252-1062
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A common stock, $0.00001 par value per shareZIPNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐


Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 26, 2026, the Board of Directors of ZipRecruiter, Inc. (the “Company”), approved the appointment of Carmen Chan, age 40, as the Company’s Chief Financial Officer and principal financial officer, with such appointment to be effective as of August 17, 2026. Prior to joining the Company, Ms. Chan served as a Managing Director at Barclays from September 2023 to May 2026, where she advised technology and internet companies on financing and strategic transactions. From March 2021 to August 2023, Ms. Chan served as Vice President of Corporate Development and Investor Relations at Noom, a leading digital health company. From February 2016 to March 2021, Ms. Chan held investment banking roles within the technology, media and telecommunications group at Goldman Sachs. From April 2014 to December 2015, Ms. Chan served as Head of Revenue and Business Development at theSkimm, a digital media company. Earlier in her career, from February 2011 to April 2014, Ms. Chan held investment banking roles at UBS across its London and Sydney offices. Ms. Chan holds a Bachelor of Laws, a Bachelor of Commerce, and a Bachelor of International Relations from the University of Adelaide.
Pursuant to the terms of Ms. Chan’s offer letter (the “Offer Letter”), Ms. Chan will receive an annual base salary of $500,000 and will be eligible to receive an annual bonus pursuant to the Company’s Annual Executive Incentive Plan based on performance metrics established by the Compensation Committee of the Company’s Board of Directors, with a minimum 2026 annual bonus of $100,000. Ms. Chan will also be eligible to earn an onboarding bonus in the amount of $200,000, payable in two installments 90 days and 180 days following her commencement of employment, generally subject to her continued employment through the payment date. Ms. Chan will also be eligible for up to $100,000 in relocation reimbursements, which amount will be grossed-up to the extent it is taxable to her. In connection with her employment, Ms. Chan was also granted 650,000 restricted stock units (the “RSUs”) pursuant to the terms of the Company’s 2021 Equity Incentive Plan. 500,000 of such RSUs will vest over a four-year period, subject to continued service, with 25% vesting on the first quarterly vesting date following the one-year anniversary of the grant date and an additional 1/16th vesting on each subsequent quarterly vesting date until vested in full. 150,000 of such RSUs are performance-based and will vest, if at all, subject to continued service over a four-year period and the achievement of a stock price metric consistent with that applicable to certain other executive officers of the Company. Ms. Chan’s employment is on an “at will” basis. Ms. Chan will also enter into the Company’s standard change in control and severance agreement for executives.
The foregoing description of the Offer Letter does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Offer Letter, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.
There are no other arrangements or understandings between Ms. Chan and any other persons, pursuant to which she was appointed as Chief Financial Officer. There are no family relationships, as defined in Item 401 of Regulation S-K, among any of the Company’s directors or executive officers and Ms. Chan, and she has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. In connection with her appointment, the Company and Ms. Chan will enter into the Company’s standard form of indemnification agreement, which is attached as Exhibit 10.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on February 25, 2026.


Also effective August 17, 2026, in connection with the effectiveness of Ms. Chan’s appointment as the Company’s Chief Financial Officer, David Travers will continue to serve in his role as the Company’s President, but will no longer serve as the Company’s interim Chief Financial Officer and principal financial officer.
Item 8.01    Other Events.
On July 28, 2026, the Company issued a press release captioned “ZipRecruiter Appoints Carmen Chan as Chief Financial Officer.” A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by this reference.
Item 9.01    Financial Statements and Exhibits.
(d) Exhibits
ExhibitDescription
99.1
Press Release, dated July 28, 2026.
104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

Cautionary Statement Regarding Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which include, without limitation, statements regarding the anticipated timing of Ms. Chan’s appointment as Chief Financial Officer and the effective date on which Mr. Travers will no longer serve as the Company’s interim Chief Financial Officer, and other information that is not historical information. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project,” “propose,” “endeavor,” “will,” “should,” “future,” “transition,” “outlook” and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. These statements are not guarantees of future performance, and are based on management’s expectations as of the date of this Current Report on Form 8-K and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any future results, performance or achievements, including the factors identified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, in each case, that was filed with the Securities and Exchange Commission. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Except as may be required by law, the Company undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this Current Report on Form 8-K.


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
ZIPRECRUITER, INC.
Date: July 28, 2026By:/s/ David Travers
David Travers
President and interim Chief Financial Officer

Exhibit 99.1
ZipRecruiter Appoints Carmen Chan as Chief Financial Officer
Veteran finance and technology leader brings leadership experience from Barclays, Noom, and Goldman Sachs to ZipRecruiter
SANTA MONICA, Calif. – July 28, 2026 — ZipRecruiter (NYSE: ZIP), a leading online employment marketplace, today announced the appointment of Carmen Chan as Chief Financial Officer, effective August 17, 2026. Ms. Chan will oversee the company's Accounting and Finance organizations and help drive ZipRecruiter's long-term financial strategy, operational excellence, and value creation initiatives. As of the date that Ms. Chan assumes the CFO role, Dave Travers will continue his role as President of ZipRecruiter, but will no longer serve as the interim Chief Financial Officer.
“Carmen is a proven finance leader with deep expertise in technology, capital markets, and investor relations,” said Ian Siegel, CEO of ZipRecruiter. “Her experience helping leading technology companies grow and her strong relationships within the investor community make her an excellent addition to our leadership team. We are excited to welcome Carmen to the team.”
Ms. Chan joins ZipRecruiter from Barclays, where she served as Managing Director, advising technology and internet companies on financing and strategic transactions. Before joining Barclays in 2023, Ms. Chan spent several years at Noom, a leading digital health company, as Vice President of Corporate Development and Investor Relations. There she evaluated potential acquisitions, scaled the finance function and supported major investor relations milestones, including a $540 million raise in 2021.

Prior to Noom, Ms. Chan spent more than five years at Goldman Sachs where she held investment banking roles within the technology, media and telecommunications group. She also previously served as Head of Revenue and Business Development at theSkimm, a digital media company. Earlier in her career, she held investment banking roles at UBS across its London and Sydney offices. Ms. Chan has been recognized for her leadership in the financial industry, including being named to American Banker's Most Powerful Women in Banking NEXT 2025 list.
“I am honored to join ZipRecruiter and help advance its mission of actively connecting people to their next great opportunity,” said Ms. Chan. “I have watched this business from the outside for years, and what drew me in is the platform’s real trust and engagement with job seekers and employers alike. I am looking forward to partnering with the leadership team to build on that foundation and create long-term value for shareholders.”



About ZipRecruiter
ZipRecruiter® (NYSE:ZIP) is a leading online employment marketplace that actively connects people to their next great opportunity. ZipRecruiter’s powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the #1 rated job search app on iOS & Android for the past nine years1 and is rated the #1 job site by G2.2 For more information, visit www.ziprecruiter.com.
1 Based on job seeker app ratings, during the period of January 2017 to January 2026 from AppFollow for ZipRecruiter, Glassdoor, Indeed, LinkedIn, and Monster.
2 Based on G2 satisfaction ratings in N. America as of January 12, 2026.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which include, without limitation, statements regarding the anticipated timing of Ms. Chan’s appointment as Chief Financial Officer and the effective date on which Mr. Travers will no longer serve as the company’s interim Chief Financial Officer, and other information that is not historical information. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project,” “propose,” “endeavor,” “will,” “should,” “future,” “transition,” “outlook” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. These statements are not guarantees of future performance, and are based on management’s expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any future results, performance or achievements, including the factors identified in the company’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as the company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, in each case, that was filed with the Securities and Exchange Commission. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Except as may be required by law, the company undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this press release.

Contact
Claire Walsh
Press Relations
press@ziprecruiter.com

Source: View Original Filing on SEC EDGAR

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