ZipRecruiter (ZIP) president exercises RSUs, shares withheld to pay taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZIPRECRUITER, INC. President and interim CFO David Travers reported routine equity compensation activity involving restricted stock units (RSUs) that settled into Class A common shares. On June 15, 2026, RSU vesting led to exercises totaling 68,720 shares of Class A Common Stock at a stated price of $0.0000 per share.
To cover related federal and state tax withholding obligations from the RSU vesting, 37,558 shares were relinquished and cancelled at a value of $3.61 per share, as described in the footnotes. The filing states that Travers did not sell shares for any reason other than covering required taxes. Following these transactions, one reported line shows direct ownership of 1,252,654 shares of Class A Common Stock. The RSU footnotes explain that each RSU converts into one share and that multiple RSU grants vest quarterly in 1/16 increments from March 15, 2023 through later dates, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
68,720 shares exercised/converted
Mixed
9 txns
Insider
TRAVERS DAVID
Role
President and interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 13,347 | $0.00 | -- |
| Exercise | Restricted Stock Units | 20,691 | $0.00 | -- |
| Exercise | Restricted Stock Units | 20,444 | $0.00 | -- |
| Exercise | Restricted Stock Units | 14,238 | $0.00 | -- |
| Exercise | Class A Common Stock | 13,347 | $0.00 | -- |
| Exercise | Class A Common Stock | 20,691 | $0.00 | -- |
| Exercise | Class A Common Stock | 20,444 | $0.00 | -- |
| Exercise | Class A Common Stock | 14,238 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 37,558 | $3.61 | $136K |
Holdings After Transaction:
Restricted Stock Units — 26,692 shares (Direct, null);
Class A Common Stock — 1,252,654 shares (Direct, null)
Footnotes (1)
- 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. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 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. RSUs do not expire; they either vest or are canceled prior to vesting date. 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. 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. 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 withheld for taxes: 37,558 shares at $3.61
Shares acquired via exercises: 68,720 shares
Post-transaction holdings: 1,252,654 shares
+2 more
5 metrics
Shares withheld for taxes
37,558 shares at $3.61
Class A Common Stock relinquished to cover tax withholding obligations
Shares acquired via exercises
68,720 shares
Exercise or conversion of derivative securities into Class A Common Stock
Post-transaction holdings
1,252,654 shares
Class A Common Stock directly owned after one reported transaction
Tax withholding transaction value
$135,568.38
37,558 shares valued at $3.61 per share for tax obligations
RSU transaction count
4 derivative transactions
Restricted Stock Units converting into Class A Common Stock on June 15, 2026
Key Terms
Restricted Stock Units, Section 16b-3(e), Rule 16b-3, tax withholding obligations, +1 more
5 terms
Restricted Stock Units financial
"The filing reports multiple transactions involving Restricted Stock Units that convert into Class A Common Stock."
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
"A footnote describes the disposition as an exempt transaction pursuant to Section 16b-3(e)."
Rule 16b-3 regulatory
"Footnotes state the securities were issued and tax obligations covered 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.
tax withholding obligations financial
"All disposed shares were cancelled in exchange for payment of federal and state tax withholding obligations."
Class A Common Stock financial
"The RSUs convert into 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.
FAQ
What insider transactions did ZIP (ZipRecruiter) report for David Travers?
David Travers reported RSU-related transactions where restricted stock units converted into Class A Common Stock. He also had shares withheld and cancelled to satisfy tax obligations tied to vesting, rather than executing open-market sales for discretionary liquidity.
How do David Travers’ RSUs at ZipRecruiter vest over time?
Footnotes explain that each RSU converts into one share of Class A Common Stock. Multiple RSU grants vest as to 1/16 of total shares quarterly beginning on dates such as March 15, 2023, March 15, 2024, March 15, 2025, and March 15, 2026, contingent on continued service.