ZIP EVP Amy Garefis reports 3,021-share sale; retains 214,133 shares
Rhea-AI Filing Summary
Amy Garefis, EVP and Chief People Officer of ZipRecruiter, filed a Form 4 reporting a sale of Class A common stock executed on 09/18/2025 under a Rule 10b5-1 plan adopted on 09/10/2024. The filing shows 3,021 shares sold at a weighted-average price of $5.2905 per share (individual sale prices ranged from $5.20 to $5.34). Following the reported transactions, Ms. Garefis beneficially owns 214,133 Class A shares, held directly. The Form 4 was signed by an attorney-in-fact on 09/22/2025. No options, derivatives, or other classes of securities are reported on this form.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider sale was executed under a pre-established 10b5-1 plan and reduced direct holdings by 3,021 shares; transaction appears routine.
The sale was conducted pursuant to a Rule 10b5-1 trading plan adopted on 09/10/2024, which provides an affirmative defense under insider trading rules and suggests the transactions were pre-planned rather than reactionary. The reported weighted-average price was $5.2905 with individual trade prices between $5.20 and $5.34. The remaining direct holding of 214,133 shares indicates the officer retains a material position in absolute terms, and the magnitude of the sale (3,021 shares) represents a small portion of total reported holdings, so the transaction is unlikely to signal a material change in insider conviction.
TL;DR: Use of a documented 10b5-1 plan and attorney-in-fact signature point to procedural compliance and governance controls.
The filing includes clear disclosures: the 10b5-1 plan adoption date, specific price range, and an attorney-in-fact signature dated 09/22/2025. These elements reflect adherence to governance best practices for insider transactions and reduce informational asymmetry for investors. There is no indication of derivative transactions or exceptions; the Form 4 is narrowly focused on a single, pre-planned sale of 3,021 Class A shares.