ZipRecruiter CTO vests 53K shares, 19K for taxes
ZIP’s CTO had RSUs vest into 53,028 Class A shares, with 19,028 shares withheld to satisfy tax obligations and no open-market sales reported.
Rhea-AI Filing Summary
ZIPRECRUITER, INC. (ZIP) reported that EVP and Chief Technology Officer Boris F. Shimanovsky had restricted stock units vest on September 15, 2026, converting into an aggregate of 53,028 shares of Class A Common Stock in multiple tranches. Of these, 19,028 shares were withheld at $3.95 per share to cover federal and state tax withholding obligations related to the RSU vesting, and no shares were sold for any other purpose. The RSUs vest quarterly in 1/16 increments under multi‑year schedules beginning March 15 of 2023, 2024, 2025, and 2026, and no Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 7,140 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5, F4 | 11,206 | $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 | 7,140 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 11,206 | $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 | 19,028 | $3.95 | $75K |
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
Key Terms
Restricted Stock Units financial
Rule 16b-3 regulatory
Section 16b-3(e) regulatory
tax withholding obligations financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity activity did ZIP (ZipRecruiter, Inc.) report for its CTO?
How do the reported ZIP RSUs for the CTO vest over time?
Was a Rule 10b5-1 trading plan involved in the ZIP CTO’s transactions?
AI-generated analysis. How Rhea-AI works. Not financial advice.