ZipRecruiter executive exercises RSUs, covers tax liability
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
ZIPRECRUITER, INC. President and interim CFO David Travers reported the vesting of restricted stock units on June 15, 2026, converting 68,720 Class A Common shares at $0.00 per share. To cover federal and state tax obligations, 37,558 shares were relinquished at $3.61 per share under an exempt Section 16b-3(e) transaction, rather than sold in the market. After these events, he directly holds 1,270,469 Class A Common shares and 554,592 restricted stock units, which continue to vest quarterly under several 1/16-per-quarter schedules.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 13,347 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 20,691 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 20,444 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 14,238 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 13,347 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 20,691 | $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 | 37,558 | $3.61 | $136K |
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
Section 16b-3(e) regulatory
Rule 16b-3 regulatory
contingent right financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did David Travers report for ZIP in this Form 4?
What is the vesting schedule of the RSUs reported for ZIP (symbol ZIP)?
AI-generated analysis. How Rhea-AI works. Not financial advice.