ZipRecruiter (ZIP) legal chief sells 2,978 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZIPRECRUITER, INC. executive Ryan T. Sakamoto, EVP and Chief Legal Officer, reported an open-market sale of 2,978 shares of Class A Common Stock at a weighted average price of $2.9097 per share. After the sale, he directly holds 120,986 shares and indirectly holds 77,700 shares through the Sakamoto Living Trust. The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,978 shares ($8,665)
Net Sell
2 txns
Insider
SAKAMOTO RYAN T.
Role
EVP, Chief Legal Officer
Sold
2,978 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,978 | $2.9097 | $9K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 120,986 shares (Direct, null);
Class A Common Stock — 77,700 shares (Indirect, See footnote)
Footnotes (1)
- The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.81 to $2.95 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein The reported shares are held by the Sakamoto Living Trust dated 1/5/15, of which the Reporting Person is trustee and beneficiary.
Key Figures
Shares sold: 2,978 shares
Weighted average sale price: $2.9097/share
Direct holdings after transaction: 120,986 shares
+2 more
5 metrics
Shares sold
2,978 shares
Open-market sale of Class A Common Stock
Weighted average sale price
$2.9097/share
Class A Common Stock sale on April 24, 2026
Direct holdings after transaction
120,986 shares
Class A Common Stock held directly by Sakamoto
Indirect holdings after transaction
77,700 shares
Held by Sakamoto Living Trust dated 1/5/15
Net shares sold
2,978 shares
Net sell direction in this Form 4
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A Common Stock, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class A Common Stock financial
"security_title": "Class A Common Stock""
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Sakamoto Living Trust financial
"The reported shares are held by the Sakamoto Living Trust dated 1/5/15"
FAQ
What insider transaction did ZIP (ZipRecruiter) report for Ryan T. Sakamoto?
ZIP reported that EVP and Chief Legal Officer Ryan T. Sakamoto sold 2,978 shares of Class A Common Stock. The sale was an open-market transaction executed under a Rule 10b5-1 trading plan, indicating it was pre-scheduled rather than timed discretionarily.
Was the ZipRecruiter (ZIP) insider sale by Ryan T. Sakamoto under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Sakamoto on December 11, 2025. Such pre-arranged plans typically automate trading and can reduce the significance of timing for interpreting insider sentiment.
What does the weighted average price disclosure mean in the ZipRecruiter (ZIP) Form 4?
The weighted average price of $2.9097 reflects multiple sale trades between $2.81 and $2.95 per share. The filing notes Sakamoto will provide exact share counts at each price point to the issuer, any security holder, or SEC staff upon request for additional detail.