ZipRecruiter president exercises 68,718 stock units
ZIPRECRUITER President David Travers settled RSUs into common stock, with a portion of shares withheld to cover tax obligations rather than sold in the market.
Rhea-AI Filing Summary
ZIPRECRUITER, INC. (ZIP) reported that President David Travers had multiple equity compensation events on September 15, 2026. Restricted Stock Units were exercised into a total of 68,718 shares of Class A Common Stock at a stated $0.00 conversion price, and 37,557 shares were withheld at $3.95 per share to satisfy tax withholding obligations related to the RSU vesting under Section 16b-3(e). No open-market purchases or sales are reported, and no Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
68,718 shares exercised/converted
Exercise
9 txns
Insider
TRAVERS DAVID
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 13,346 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5, F4 | 20,690 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6, F4 | 20,444 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F7, F4 | 14,238 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 13,346 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 20,690 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 20,444 | $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 | 37,557 | $3.95 | $148K |
Holdings After Transaction:
Restricted Stock Units — 485,874 contracts (Direct);
Class A Common Stock — 1,276,924 shares (Direct)
Footnotes (7)
- 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. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- F3. 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.
- F4. RSUs do not expire; they either vest or are canceled prior to vesting date.
- 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. 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.
- F7. 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
RSUs converted (grant 1): 13,346 shares
RSUs converted (grant 2): 20,690 shares
RSUs converted (grant 3): 20,444 shares
+5 more
8 metrics
RSUs converted (grant 1)
13,346 shares
Restricted Stock Units converted into Class A Common Stock on September 15, 2026
RSUs converted (grant 2)
20,690 shares
Restricted Stock Units converted into Class A Common Stock on September 15, 2026
RSUs converted (grant 3)
20,444 shares
Restricted Stock Units converted into Class A Common Stock on September 15, 2026
RSUs converted (grant 4)
14,238 shares
Restricted Stock Units converted into Class A Common Stock on September 15, 2026
Total RSUs exercised
68,718 shares
Sum of Restricted Stock Units converted into Class A Common Stock
Shares withheld for taxes
37,557 shares
Class A Common Stock relinquished and cancelled to satisfy tax withholding obligations
Withholding share price
$3.95 per share
Price used for shares delivered or withheld for tax withholding obligations
RSU-to-share ratio
1.0
Each RSU represents a contingent right to receive one share of Class A Common Stock
Key Terms
Restricted Stock Units, Section 16b-3(e), Rule 16b-3, Class A Common Stock, +1 more
5 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 price"
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.
Class A Common Stock financial
"one share of the Issuer's Class A Common Stock upon settlement"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax withholding obligations financial
"pay federal and state tax withholding obligations of the Reporting Person"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ZIP President David Travers report in this Form 4 for ZIP?
He reported exercises of Restricted Stock Units into 68,718 shares of ZIPRECRUITER Class A Common Stock on September 15, 2026, at a stated conversion price of $0.00 per share, reflecting routine equity compensation vesting.
Were any open-market sales of ZIP stock reported by David Travers?
No. The filing explains that all shares reported as disposed of were cancelled in exchange for covering tax withholding obligations on RSU vesting, and that the reporting person "did not sell or otherwise dispose" of shares for any other reason.
Were the ZIP Form 4 transactions under a Rule 10b5-1 trading plan?
No. The document-level indicator shows no Rule 10b5-1 plan was affirmed for these transactions, and the footnotes do not describe any pre-arranged trading arrangement.
What RSU vesting schedules apply to David Travers’s ZIP awards?
Footnotes state that each RSU represents one share upon settlement and that awards vest quarterly as to 1/16 of total shares, beginning on March 15 of 2023, 2024, 2025, or 2026, in each case subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
