ZipRecruiter (NYSE: ZIP) interim CFO sells shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZIPRECRUITER, INC. President and interim CFO David Travers reported an open-market sale of 24,706 shares of Class A Common Stock at a weighted average price of $2.9927 per share on June 18, 2026.
The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 11, 2025. Following this sale, Travers directly holds 1,245,763 shares, indicating he retained the vast majority of his position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 24,706 shares ($73,938)
Net Sell
1 txn
Insider
TRAVERS DAVID
Role
President and interim CFO
Sold
24,706 shs ($74K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 24,706 | $2.9927 | $74K |
Holdings After Transaction:
Class A Common Stock — 1,245,763 shares (Direct, null)
Footnotes (1)
- The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.915 to $3.125 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.
Key Figures
Shares sold: 24,706 shares
Weighted average sale price: $2.9927 per share
Post-transaction holdings: 1,245,763 shares
+3 more
6 metrics
Shares sold
24,706 shares
Class A Common Stock sold on June 18, 2026
Weighted average sale price
$2.9927 per share
Open-market sale price for Class A Common Stock
Post-transaction holdings
1,245,763 shares
Shares directly owned by David Travers after sale
Price range of trades
$2.915 to $3.125 per share
Range for multiple sale transactions included in Form 4
Shares sold (net)
24,706 shares
Net-sell direction per transaction summary
10b5-1 plan adoption date
December 11, 2025
Date David Travers adopted the trading plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale
3 terms
Rule 10b5-1 trading plan regulatory
"transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did ZIP (ZipRecruiter, Inc.) report for David Travers?
David Travers reported an open-market sale of 24,706 ZIP shares. He sold Class A Common Stock at a weighted average price of $2.9927 per share. The transaction was disclosed in a Form 4 insider filing with the Securities and Exchange Commission.
Was the ZIP (ZipRecruiter) insider sale by David Travers under a Rule 10b5-1 plan?
Yes, the sale was made under a Rule 10b5-1 trading plan. A footnote explains the transactions were executed pursuant to a pre-arranged plan adopted by David Travers on December 11, 2025, indicating the trades were scheduled in advance.
What role does David Travers hold at ZIP (ZipRecruiter, Inc.) in this filing?
David Travers is identified as President and interim CFO of ZIP. The Form 4 lists him as an officer of ZipRecruiter, Inc., and notes that the reported transaction involved his directly held shares of Class A Common Stock.