ZipRecruiter (ZIP) legal chief exercises RSUs and covers taxes with company stock
Rhea-AI Filing Summary
ZIPRECRUITER, INC. executive Ryan T. Sakamoto, EVP and Chief Legal Officer, reported multiple transactions on March 15, 2026 involving restricted stock units (RSUs) and Class A Common Stock.
He exercised RSUs to acquire a total of 22,750 shares of Class A Common Stock at a conversion price of $0.00 per share, reflecting RSU vesting rather than open-market purchases. Following these acquisitions and related entries, he held 126,459 shares of Class A Common Stock directly.
An additional 77,700 shares of Class A Common Stock were held indirectly by the Sakamoto Living Trust dated January 5, 2015, of which he is trustee and beneficiary. A separate disposition of 11,911 shares of Class A Common Stock at $2.83 per share was reported as tax withholding to cover obligations arising from these equity awards, not an open-market sale.
Footnotes state that each RSU represents a contingent right to receive one share of Class A Common Stock and that the RSUs vest in 1/16 increments on quarterly schedules beginning on various dates in 2023, 2024, 2025, and 2026, subject to his continued service. RSUs either vest or are canceled; they do not expire.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,237 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,553 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,841 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,119 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,237 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,553 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,841 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,119 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 11,911 | $2.83 | $34K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The reported shares are held by the Sakamoto Living Trust dated 1/5/15, of which the Reporting Person is trustee and beneficiary. 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 of 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.
