ZipRecruiter (ZIP) CLO granted large RSU and performance stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SAKAMOTO RYAN T. reported acquisition or exercise transactions in this Form 4 filing.
ZIPRECRUITER, INC. executive Ryan T. Sakamoto, EVP and Chief Legal Officer, reported equity awards on Class A common stock. He received 113,900 restricted stock units and 45,550 performance stock units, each unit representing the right to receive one share if it ultimately vests.
The RSUs vest in equal quarterly installments of 1/16 of the total starting on March 15, 2026, contingent on continued service. The performance stock units also begin vesting quarterly at 1/16 from March 15, 2026, but only if specified stock price hurdles and service-based conditions are met; otherwise units can be canceled rather than expiring.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SAKAMOTO RYAN T.
Role
EVP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 113,900 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 45,550 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 113,900 shares (Direct);
Performance Stock Units — 45,550 shares (Direct)
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 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. RSUs do not expire; they either vest or are canceled prior to vesting date. Each performance stock unit represents a contingent right to receive one share of Class A Common Stock of the Issuer. Subject to the achievement of certain specified stock price hurdles and service-based vesting requirements, the performance stock units will vest quarterly as to 1/16 of the total number of shares beginning on March 15, 2026 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
FAQ
What insider transaction did ZIP (ZipRecruiter) report for Ryan T. Sakamoto?
ZIP reported equity awards to EVP and Chief Legal Officer Ryan T. Sakamoto. He acquired 113,900 restricted stock units and 45,550 performance stock units, each tied to Class A common stock and subject to future vesting conditions and continued service requirements.
How many restricted stock units did the ZIP EVP receive in this Form 4?
Ryan T. Sakamoto received 113,900 restricted stock units. Each RSU represents a contingent right to one share of ZipRecruiter Class A common stock, vesting over time in equal quarterly installments, assuming he continues to provide service on each scheduled vesting date.
What are the vesting terms for the ZIP restricted stock units granted to Sakamoto?
The restricted stock units vest as to 1/16 of the total shares quarterly beginning on March 15, 2026. Vesting continues until fully vested, and each installment requires Ryan T. Sakamoto to remain in service with ZipRecruiter on the applicable vesting date.
How many performance stock units were granted to the ZIP executive in this filing?
Ryan T. Sakamoto was granted 45,550 performance stock units. Each unit is a contingent right to receive one share of ZipRecruiter Class A common stock, subject to both specified stock price hurdles and service-based vesting conditions before any shares are delivered.
What conditions apply to the performance stock units reported by ZIP for Sakamoto?
The performance stock units vest quarterly as to 1/16 of the total beginning March 15, 2026, but only if specified stock price hurdles are achieved and service-based vesting requirements are satisfied. Continued service to ZipRecruiter on each vesting date is required for vesting.
Do the RSUs and performance stock units in the ZIP Form 4 have an expiration date?
The filing notes that restricted stock units do not expire; they either vest or are canceled before vesting. Performance stock units similarly represent contingent rights that vest over time if their performance and service conditions are met, instead of expiring on a fixed future date.