ZipRecruiter (ZIP) CEO exercises RSUs, surrenders 33,407 shares for taxes
Rhea-AI Filing Summary
ZIPRECRUITER, INC. chief executive officer Ian H. Siegel reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On June 15, 2026, he exercised RSUs to acquire a total of 65,656 shares of Class A Common Stock at a conversion price of $0.00 per share.
On the same date, 33,407 shares of Class A Common Stock were relinquished to the company at $3.61 per share to satisfy federal and state tax withholding obligations. The filing states these shares were cancelled by the issuer and were not sold in the market. Following these transactions, Siegel directly owned 143,401 shares of Class A Common Stock. The RSUs referenced in the filing vest in quarterly installments of 1/16 of the total shares, beginning on March 15, 2024, March 15, 2025, and March 15, 2026, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 25,862 | $0.00 | -- |
| Exercise | Restricted Stock Units | 25,556 | $0.00 | -- |
| Exercise | Restricted Stock Units | 14,238 | $0.00 | -- |
| Exercise | Class A Common Stock | 25,862 | $0.00 | -- |
| Exercise | Class A Common Stock | 25,556 | $0.00 | -- |
| Exercise | Class A Common Stock | 14,238 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 33,407 | $3.61 | $121K |
Footnotes (1)
- Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units (the "RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2024 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date. RSUs do not expire; they either vest or are canceled prior to vesting date. The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2025 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date. The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2026 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.