ZipRecruiter (NYSE: ZIP) director adds shares through RSU exercise and grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZIPRECRUITER, INC. director Irving Blake reported equity compensation activity involving restricted stock units (RSUs) and Class A Common Stock. Blake exercised RSUs into 32,997 Class A shares and held 75,763 Class A shares directly after the transaction. He also received a new award of 35,971 RSUs, each representing a contingent right to one Class A share upon settlement. According to the award terms, these RSUs vest on the earlier of specified June 2026 and June 2027 dates or the company’s 2026 and 2027 annual stockholder meetings, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
32,997 shares exercised/converted
Mixed
3 txns
Insider
Irving Blake
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 32,997 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 35,971 | $0.00 | -- |
| Exercise | Class A Common Stock | 32,997 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 75,763 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The shares subject to the underlying RSUs shall vest on the earlier of (i) June 10, 2026 and (ii) the date of the Issuer's 2026 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on such vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person upon settlement. RSUs do not expire; they either vest or are canceled prior to vesting date. The shares subject to the underlying RSUs shall vest on the earlier of (i) June 9, 2027 and (ii) the date of the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on such vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person upon settlement.
Key Figures
RSUs exercised into shares: 32,997 shares
Post-transaction share holdings: 75,763 shares
New RSU award size: 35,971 RSUs
+2 more
5 metrics
RSUs exercised into shares
32,997 shares
Class A Common Stock received upon RSU exercise on June 9, 2026
Post-transaction share holdings
75,763 shares
Class A Common Stock held directly after June 9, 2026 transactions
New RSU award size
35,971 RSUs
Restricted Stock Units granted on June 9, 2026, each for one Class A share
2026 RSU vesting trigger
June 10, 2026
Vests on earlier of June 10, 2026 or 2026 annual meeting, subject to service
2027 RSU vesting trigger
June 9, 2027
Vests on earlier of June 9, 2027 or 2027 annual meeting, subject to service
Key Terms
Restricted Stock Units, RSU, contingent right, vest, +1 more
5 terms
Restricted Stock Units financial
"The shares subject to the underlying RSUs shall vest on the earlier of (i) June 10, 2026..."
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.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share..."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
contingent right financial
"represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement"
vest financial
"The shares subject to the underlying RSUs shall vest on the earlier of (i) June 10, 2026..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settlement financial
"Shares of the Issuer's Common Stock will be delivered to the Reporting Person upon settlement"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
What insider transactions did ZipRecruiter (ZIP) director Irving Blake report?
Irving Blake reported exercising restricted stock units into 32,997 shares of ZipRecruiter Class A Common Stock and receiving a new grant of 35,971 RSUs. These transactions reflect equity compensation rather than open‑market buying or selling of shares.
What are the terms of Irving Blake’s new 35,971 RSU award at ZipRecruiter (ZIP)?
The 35,971 new RSUs each represent a contingent right to receive one ZipRecruiter Class A share. They vest on the earlier of June 10, 2026, or the 2026 annual stockholder meeting, subject to Blake’s continued service, with settlement in shares upon vesting.
Do RSUs reported by Irving Blake at ZipRecruiter (ZIP) expire if not vested?
The filing explains that RSUs do not expire in the traditional sense. Instead, they either vest according to their schedule or are canceled before the vesting date. Once vested, each RSU is settled by delivering one share of ZipRecruiter Class A Common Stock.