ZipRecruiter EVP Shimanovsky sells 7,330 ZIP shares under preplanned trade
Rhea-AI Filing Summary
Boris F. Shimanovsky, EVP and Chief Technology Officer of ZipRecruiter, Inc. (ZIP), reported the sale of 7,330 shares of Class A common stock on 08/20/2025 at a weighted average price of $4.3167 per share. The Form 4 states the transactions were effected under a Rule 10b5-1 trading plan adopted on 12/10/2024. After the reported sale, the reporting person beneficially owns 312,606 shares of Class A common stock. The filing was submitted by an attorney-in-fact on behalf of the reporting person and includes a range of sale prices from $4.19 to $4.42 per share.
Positive
- Transaction executed under a Rule 10b5-1 trading plan adopted 12/10/2024, indicating the sale was preplanned.
Negative
- Insider disposed of 7,330 shares, reducing beneficial ownership to 312,606 shares.
Insights
TL;DR: Insider sold a small block under a pre-established 10b5-1 plan; remaining stake remains sizeable.
The sale of 7,330 shares at a weighted average of $4.3167 was executed pursuant to a Rule 10b5-1 plan adopted 12/10/2024, which limits interpretive value about intent because trades were preplanned. The disclosure includes the post-transaction beneficial ownership of 312,606 shares, allowing investors to assess ongoing insider exposure. Transaction prices ranged between $4.19 and $4.42, and the reporting was executed via attorney-in-fact as noted on the form.
TL;DR: Compliance appears proper: filing identifies 10b5-1 plan and provides weighted-average pricing details.
The Form 4 properly discloses the reporting person, relationship to the issuer (EVP and CTO), transaction date, method (10b5-1), exact share count sold, weighted average price, and remaining beneficial ownership. The explanation notes availability of per-price sale breakdown upon request, which supports transparency. Signature by an attorney-in-fact is documented with date. No amendments or additional governance actions are disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,330 | $4.3167 | $32K |
Footnotes (1)
- The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.19 to $4.42 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 herein.