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ZIP insider Form 4: President David Travers executes 10b5-1 share sale

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ZipRecruiter, Inc. (ZIP) – Form 4 insider transaction

President David Travers disclosed the sale of 18,793 Class A common shares on 18 June 2025. The weighted-average price was $5.0923, with actual trade prices ranging from $4.92 to $5.185. After the sale, Travers continues to hold 1,130,450 shares directly.

The transaction was executed under a Rule 10b5-1 trading plan adopted on 13 September 2024, indicating the sale was pre-scheduled rather than discretionary. No derivative transactions were reported.

At roughly 1.6 % of his post-sale direct holdings, the divestiture is modest in size and does not materially alter insider ownership levels. Nevertheless, any insider sale can attract investor attention, particularly given ZIP’s share price hovering near the $5 mark.

  • Date of trade: 06/18/2025
  • Shares sold: 18,793
  • Average price: $5.0923
  • Remaining direct ownership: 1,130,450 shares
  • Plan type: 10b5-1 pre-arranged plan

The filing is isolated to this single sale and contains no operational or earnings information. For investors, the move appears routine, with limited immediate impact on the investment thesis.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Small 10b5-1 insider sale; negligible dilution; neutral signal.

The 18.8k-share disposal represents less than 2 % of Travers’ direct stake and an immaterial 0.02 % of ZIP’s ~91 million shares outstanding. Executed under a 10b5-1 plan, the transaction reduces signaling risk and is unlikely to indicate a shift in management’s outlook. Insider ownership remains robust, supporting alignment with shareholders. Overall, the sale should not meaningfully affect valuation or liquidity.

TL;DR: Pre-scheduled sale limits governance concern; routine compliance.

Filing shows ZIP’s president following established Rule 10b5-1 protocols, enhancing transparency and mitigating insider-trading allegations. The modest size and full disclosure of price ranges comply with Section 16 requirements. No red flags emerge regarding control shifts or undue information asymmetry. I classify the event as not impactful to governance risk.

Insider TRAVERS DAVID
Role President
Sold 18,793 shs ($96K)
Type Security Shares Price Value
Sale Class A Common Stock 18,793 $5.0923 $96K
Holdings After Transaction: Class A Common Stock — 1,130,450 shares (Direct)
Footnotes (1)
  1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 13, 2024. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.92 to $5.185 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
TRAVERS DAVID
(Last) (First) (Middle)
C/O ZIPRECRUITER, INC.
3000 OCEAN PARK BLVD., SUITE 3000
(Street)
SANTA MONICA CA 90405
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ZIPRECRUITER, INC. [ ZIP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 06/18/2025 S(1) 18,793 D $5.0923(2) 1,130,450 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 13, 2024.
2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.92 to $5.185 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.
Remarks:
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person 06/23/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many ZipRecruiter (ZIP) shares did President David Travers sell?

He sold 18,793 Class A common shares.

At what price were the ZIP shares sold?

The weighted-average price was $5.0923, with trades ranging from $4.92 to $5.185.

How many ZIP shares does David Travers still own after the sale?

He retains 1,130,450 shares held directly.

Was the sale under a 10b5-1 trading plan?

Yes. The plan was adopted on September 13, 2024 and governs this transaction.

Does this Form 4 include any derivative security transactions?

No. Table II shows no derivative transactions reported.

When was the Form 4 filed?

The filing is dated June 23, 2025.