ZipRecruiter (NYSE: ZIP) SVP reports RSU vesting and 5,211 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZIPRECRUITER, INC. senior vice president of accounting and controller Bartolome Lora reported compensation-related stock activity involving restricted stock units and Class A common stock. On June 15, 2026, multiple RSU tranches were exercised into shares of Class A common stock at a stated price of $0.00 per share.
On the same date, 5,211 shares of Class A common stock valued at $3.61 per share were relinquished and cancelled to cover federal and state tax withholding obligations from RSU vesting. According to the footnote, these shares were not sold on the open market but were withheld under Section 16b-3(e) to satisfy required taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,837 shares exercised/converted
Mixed
9 txns
Insider
Bartolome Lora
Role
SVP, ACCOUNTING & CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,581 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,156 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,825 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,275 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,581 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,156 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,825 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,275 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,211 | $3.61 | $19K |
Holdings After Transaction:
Restricted Stock Units — 3,162 shares (Direct, null);
Class A Common Stock — 34,150 shares (Direct, null)
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 quarterly in 15 substantially equal increments beginning June 15, 2023, with the RSUs becoming fully vested on December 15, 2026, 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, 2024 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, 2025 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date. The RSUs vest as to 1/4 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.
Key Figures
Shares withheld for taxes: 5,211 shares
Tax withholding reference price: $3.61 per share
Derivative exercises (shares): 9,837 shares
+2 more
5 metrics
Shares withheld for taxes
5,211 shares
Class A common stock disposed to cover tax withholding
Tax withholding reference price
$3.61 per share
Value applied to 5,211 shares withheld for taxes
Derivative exercises (shares)
9,837 shares
Total shares from derivative exercises (M-code) in summary
Tax withholding transactions
1 transaction
Number of F-code dispositions for tax obligations
Derivative transactions
4 transactions
Number of RSU-related derivative entries reported
Key Terms
Restricted Stock Units, Section 16b-3(e), Rule 16b-3, tax withholding obligations, +1 more
5 terms
Restricted Stock Units financial
"The RSUs vest quarterly in 15 substantially equal increments beginning June 15, 2023..."
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.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability..."
Rule 16b-3 regulatory
"incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax withholding obligations financial
"in exchange for the Issuer's agreement to pay federal and state tax withholding obligations..."
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock..."
FAQ
What insider transactions did ZIP (ZipRecruiter) report for Bartolome Lora?
The filing shows Bartolome Lora exercised multiple restricted stock unit tranches into Class A common stock and surrendered 5,211 shares to cover tax withholding obligations. All events occurred on June 15, 2026, as part of equity compensation arrangements.
What RSU vesting schedule applies to Bartolome Lora’s ZipRecruiter awards?
Footnotes describe several schedules. One RSU grant vests quarterly in 15 substantially equal increments from June 15, 2023 to December 15, 2026, while others vest in specified fractions quarterly beginning March 15, 2024, March 15, 2025, and March 15, 2026, subject to continued service.
What does each RSU represent in the ZIP Form 4 for Bartolome Lora?
Each restricted stock unit represents a contingent right to receive one share of ZipRecruiter Class A common stock upon settlement. RSUs either vest according to their schedules or are cancelled if vesting conditions, such as continued service with the company, are not satisfied.