ZipRecruiter, Inc. (NYSE: ZIP) CFO reports RSU vesting and tax share withholding
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 31,162 shares
Net Buy
9 txns
Insider
TRAVERS DAVID
Role
President and interim CFO
| 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 |
Holdings After Transaction:
Restricted Stock Units — 554,592 shares (Direct);
Class A Common Stock — 1,270,469 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
Shares acquired via RSU vesting: 68,720 shares
Shares withheld for taxes: 37,558 shares
Tax withholding price: $3.61 per share
+2 more
5 metrics
Shares acquired via RSU vesting
68,720 shares
Class A Common Stock received from RSU conversions on June 15, 2026
Shares withheld for taxes
37,558 shares
Class A Common Stock relinquished at $3.61 per share to cover tax obligations
Tax withholding price
$3.61 per share
Value applied to 37,558 shares disposed in exempt Section 16b-3(e) transaction
Post-transaction Class A holdings
1,270,469 shares
Direct holdings of ZIP Class A Common Stock after reported transactions
Post-transaction RSU holdings
554,592 RSUs
Direct holdings of restricted stock units after vesting and withholding events
Key Terms
Restricted Stock Units, Section 16b-3(e), Rule 16b-3, contingent right
4 terms
Restricted Stock Units financial
"The RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly"
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 or tax liability"
Rule 16b-3 regulatory
"incident to the receipt, exercise or vesting of a 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.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did David Travers report for ZIP in this Form 4?
David Travers reported RSU vesting that delivered 68,720 Class A Common shares on June 15, 2026. In the same filing, 37,558 shares were withheld or cancelled at $3.61 per share to satisfy tax liabilities, classified as an exempt Section 16b-3(e) transaction.
What is the vesting schedule of the RSUs reported for ZIP (symbol ZIP)?
The RSUs vest as to 1/16 of the total shares quarterly, with different grants beginning on March 15, 2023, 2024, 2025, and 2026. Each RSU represents a contingent right to receive one Class A share upon settlement, assuming continued service.