ZipRecruiter CEO converts 191K shares to Class A
ZipRecruiter’s CEO reported RSU vesting, tax-related share withholding, and a Class B to Class A conversion, with no open‑market sales disclosed.
Rhea-AI Filing Summary
ZIPRECRUITER, INC. (ZIP) reported that Chief Executive Officer and director Ian H. Siegel had multiple equity-related transactions on September 15, 2026. Several tranches of restricted stock units (RSUs) vested and settled into Class A Common Stock, and 190,977 shares of Class B Common Stock were converted into an equal number of Class A shares. In connection with the RSU vesting, 33,407 Class A shares were withheld at $3.95 per share to satisfy federal and state tax withholding obligations under Section 16b-3(e); no open‑market sales occurred. Each RSU represents a right to receive one Class A share, vesting quarterly in 1/16 installments beginning on various March 15 dates, subject to Mr. Siegel’s continued service, and no Rule 10b5‑1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
256,633 shares exercised/converted
Exercise
9 txns
Insider
SIEGEL IAN H.
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4, F5, F6 | 25,862 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F7, F6 | 25,556 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F8, F6 | 14,238 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F3, F2 | 190,977 | -- | -- |
| Exercise | Class A Common Stock | 25,862 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 25,556 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 14,238 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock F1 | 33,407 | $3.95 | $132K |
| Conversion | Class A Common Stock F2, F3 | 190,977 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 544,400 contracts (Direct);
Class B Common Stock — 12,838,509 contracts (Direct);
Class A Common Stock — 253,873 shares (Direct)
Footnotes (8)
- F1. 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.
- F2. Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
- F3. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- F4. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- F5. 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.
- F6. RSUs do not expire; they either vest or are canceled prior to vesting date.
- F7. 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.
- F8. 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.
Key Figures
RSU vesting into Class A: 25,862 shares
Additional RSU vesting into Class A: 25,556 shares
Third RSU vesting into Class A: 14,238 shares
+4 more
7 metrics
RSU vesting into Class A
25,862 shares
RSUs settled into Class A Common Stock on September 15, 2026
Additional RSU vesting into Class A
25,556 shares
RSUs settled into Class A Common Stock on September 15, 2026
Third RSU vesting into Class A
14,238 shares
RSUs settled into Class A Common Stock on September 15, 2026
Class B converted to Class A
190,977 shares
Class B Common Stock converted 1:1 into Class A on September 15, 2026
Shares withheld for tax
33,407 shares at $3.95 per share
Class A shares relinquished to cover tax withholding from RSU vesting
Class B holdings after conversion
12,838,509 shares
Class B Common Stock directly held after converting 190,977 shares to Class A
Total derivative exercises/conversions
256,633 shares
Aggregate derivative exercises and conversions reported in this Form 4
Key Terms
Restricted Stock Units, Section 16b-3(e), Class B Common Stock, Rule 16b-3
4 terms
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share"
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"
Class B Common Stock financial
"Represents the conversion of Class B Common Stock held of record"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Rule 16b-3 regulatory
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did ZIP CEO Ian H. Siegel report on this Form 4 for ZipRecruiter (ZIP)?
He reported RSU vesting that settled into Class A Common Stock, the conversion of 190,977 shares of Class B into Class A, and the withholding of 33,407 Class A shares to cover tax obligations related to the RSU vesting.
What RSU vesting activity did the ZipRecruiter (ZIP) CEO report?
Three RSU tranches vested, each RSU converting 1:1 into Class A shares: 25,862 shares, 25,556 shares, and 14,238 shares. The RSUs vest quarterly in 1/16 installments beginning on March 15, 2024, 2025, and 2026, subject to continued service.
Was a Rule 10b5-1 trading plan involved in the ZipRecruiter (ZIP) CEO’s transactions?
No. The Rule 10b5-1 checkbox is not marked as applicable, and there is no footnote stating that the transactions were executed under a Rule 10b5‑1 or similar pre‑arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
