ArrowMark trims ZipRecruiter (ZIP) holding to a 2.79% minority stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
ArrowMark Colorado Holdings, LLC filed an amended ownership report for ZipRecruiter, Inc. It reports beneficial ownership of 2,022,056 shares of ZipRecruiter Class A common stock, representing 2.79% of the class. ArrowMark has sole voting and dispositive power over these shares and states they are held in the ordinary course of business without the purpose of influencing control.
Positive
- None.
Negative
- None.
FAQ
Is ArrowMark’s ZipRecruiter (ZIP) stake above or below 5 percent?
ArrowMark’s reported ZipRecruiter stake is below 5 percent, at 2.79% of the Class A common stock. The filing explicitly notes ownership of 5 percent or less of the class, indicating a non-controlling, minority investment position.
Does ArrowMark seek to influence control of ZipRecruiter (ZIP)?
ArrowMark states the ZipRecruiter securities were acquired and are held in the ordinary course of business, not for changing or influencing control. The certification confirms they are not held in connection with any transaction intended to affect control of the issuer.
What type of filing did ArrowMark submit for its ZipRecruiter (ZIP) position?
ArrowMark submitted a Schedule 13G/A Amendment No. 5 reporting its ZipRecruiter holdings. A Schedule 13G is a beneficial ownership report generally used by investors holding shares passively, rather than seeking to influence or control the company.
Who signed the ArrowMark ownership report for ZipRecruiter (ZIP)?
The ownership report was signed by Richard Grove, identified as Chief Compliance Officer. By signing, he certifies that, to the best of his knowledge and belief, the information in the statement is true, complete, correct, and reflects ordinary course investment activity.