ZIP Form 4: EVP Amy Garefis Sells 2,847 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Amy Garefis, EVP and Chief People Officer of ZipRecruiter, Inc. (ZIP), sold 2,847 shares of Class A common stock on 08/18/2025 under a Rule 10b5-1 trading plan adopted on 09/10/2024. The filing reports a weighted average sale price of $4.3882 per share, with individual trade prices ranging from $4.32 to $4.52. After the reported sale activity, the filing shows 205,930 shares beneficially owned following the transactions. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 08/20/2025.
Positive
- Sale executed under a Rule 10b5-1 plan, indicating pre-established trading arrangement
- Full price range disclosed ($4.32 to $4.52) with weighted average $4.3882, aiding transparency
- Reporting shows substantial remaining ownership with 205,930 shares beneficially owned after the sale
Negative
- None.
Insights
TL;DR: Officer sale under a 10b5-1 plan; small absolute size relative to typical company float, unlikely to be materially market-moving.
The reported sale of 2,847 shares at a weighted average of $4.3882 appears to be a routine disposition executed under a pre-established Rule 10b5-1 plan dated 09/10/2024. The filing discloses 205,930 shares beneficially owned after the transactions, which provides context on ongoing insider ownership. Because the transaction size is modest and executed under an affirmative defense plan, it typically signals scheduled liquidity rather than an unscheduled insider reaction to material, nonpublic information.
TL;DR: Sale was executed pursuant to a documented 10b5-1 plan, consistent with established insider trading compliance practices.
The Form 4 explicitly states the trades were effected under a 10b5-1 trading plan adopted 09/10/2024, and the filer provided price-range disclosure for multiple executions. The use of an attorney-in-fact signature is documented, and the filing conforms to Section 16 reporting. From a governance perspective, the filing shows compliance with disclosure requirements and provides the issuer and market with specifics on ownership and sale pricing ranges.