ZipRecruiter (ZIP) CTO adds shares via RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZIPRECRUITER, INC. executive Boris F. Shimanovsky, EVP and Chief Technology Officer, exercised restricted stock units into Class A common stock. He acquired 53,028 shares through derivative exercises on March 15, 2026, with 18,340 shares withheld at $2.83 per share to cover tax obligations. After these compensation-related transactions, he directly owned 370,975 Class A shares. Footnotes explain the disposition was solely for required tax withholding and that the RSUs vest quarterly in sixteenth increments beginning on various dates from March 15, 2023 through March 15, 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
53,028 shares exercised/converted
Mixed
9 txns
Insider
SHIMANOVSKY BORIS F.
Role
EVP, Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,140 | $0.00 | -- |
| Exercise | Restricted Stock Units | 11,206 | $0.00 | -- |
| Exercise | Restricted Stock Units | 20,444 | $0.00 | -- |
| Exercise | Restricted Stock Units | 14,238 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,140 | $0.00 | -- |
| Exercise | Class A Common Stock | 11,206 | $0.00 | -- |
| Exercise | Class A Common Stock | 20,444 | $0.00 | -- |
| Exercise | Class A Common Stock | 14,238 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 18,340 | $2.83 | $52K |
Holdings After Transaction:
Restricted Stock Units — 21,420 shares (Direct);
Class A Common Stock — 343,427 shares (Direct)
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 and are scheduled to settle as to 1/16 of the total shares quarterly beginning on March 15, 2023 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, 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 1/16 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.
FAQ
What insider transactions did ZIP EVP Boris Shimanovsky report on this Form 4?
Boris F. Shimanovsky reported exercising restricted stock units into Class A common stock and a related tax-withholding disposition. He converted 53,028 RSUs into shares, then 18,340 shares were withheld by the company to cover federal and state tax obligations tied to RSU vesting.
What is the vesting schedule for Boris Shimanovsky’s ZipRecruiter RSUs?
Each RSU represents one Class A share and vests quarterly as to 1/16 of the total award. Different RSU grants begin vesting on March 15 of 2023, 2024, 2025, and 2026, with continued service to ZipRecruiter required on each vesting date for shares to vest.
What does the tax-withholding transaction in the ZipRecruiter Form 4 mean?
The tax-withholding transaction, coded "F", means shares were relinquished back to ZipRecruiter so it could pay Shimanovsky’s federal and state tax liabilities from RSU vesting. It is an exempt Section 16b-3(e) event and does not reflect a discretionary open-market sale.