Filing Details

Accession Number:
0001209191-21-056789
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-09-17 21:42:30
Reporting Period:
2021-09-15
Accepted Time:
2021-09-17 21:42:30
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1617553 Ziprecruiter Inc. ZIP Services-Computer Programming, Data Processing, Etc. (7370) 272976158
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1859324 Ryan Eberhard 604 Arizona Ave
Santa Monica CA 90401
Chief Product Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2021-09-15 17,181 $0.00 161,061 No 4 C Direct
Class A Common Stock Disposition 2021-09-15 9,283 $25.94 151,778 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Restricted Stock Units Disposition 2021-09-15 7,125 $0.00 7,125 $0.00
Class B Common Stock Restricted Stock Units Disposition 2021-09-15 2,556 $0.00 2,556 $0.00
Class B Common Stock Restricted Stock Units Disposition 2021-09-15 7,500 $0.00 7,500 $0.00
Class A Common Stock Class B Common Stock Acquisiton 2021-09-15 17,181 $0.00 17,181 $0.00
Class A Common Stock Class B Common Stock Disposition 2021-09-15 17,181 $0.00 17,181 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
92,625 2031-03-23 No 4 M Direct
17,894 2026-08-25 No 4 M Direct
37,500 2026-02-13 No 4 M Direct
17,181 No 4 M Direct
0 No 4 C Direct
Footnotes
  1. Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
  2. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
  3. Represents the aggregate number of shares sold by the Reporting Person to cover taxes and fees due upon the release and settlement of the restricted stock unit ("RSU"). 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 and fees.
  4. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
  5. Commencing on March 24, 2021, the RSUs shall vest upon satisfaction of two conditions while the recipient remains an employee or provider of services to the Issuer: (a) a time and service requirement satisfied as to 1/16 of the RSUs on each quarterly vesting date following the vesting commencement date; and (b) a liquidity event requirement satisfied on the earliest to occur of the first trading day following the expiration of the lockup period applicable to an IPO of the Issuer's equity securities pursuant to an effective registration statement, March 15 of the calendar year following the year in which an IPO occurs, or a change in control.
  6. [continuation of fn5] These RSUs are subject to a liquidity event requirement which the Issuer's Board of Directors has waived in full, effective as of the earlier to occur of: (a) the first day of trading of the Issuer's Class A Common Stock on the New York Stock Exchange and (b) March 15, 2022.
  7. Commencing on August 26, 2019, the RSUs shall vest upon satisfaction of two conditions while the recipient remains an employee or provider of services to the Issuer: (A) a time and service requirement satisfied over four years, with 25% of the RSUs vesting on August 26, 2020, and 1/16 of the RSUs on each quarterly vesting date following the vesting commencement date; and (B) a liquidity event requirement satisfied on the earliest to occur of the first trading day following the expiration of the lockup period applicable to an IPO of the Issuer's equity securities pursuant to an effective registration statement, March 15 of the calendar year following the year in which an IPO occurs, or a change in control.
  8. [continuation of fn7] These RSUs are subject to a liquidity event requirement which the Issuer's Board of Directors has waived in full, effective as of the earlier to occur of: (a) the first day of trading of the Issuer's Class A Common Stock on the New York Stock Exchange and (b) March 15, 2022.
  9. Commencing on January 1, 2019, the RSUs shall vest upon satisfaction of two conditions while the recipient remains an employee or provider of services to the Issuer: (A) a time and service requirement satisfied as to 1/16 of the RSUs on each quarterly vesting date following the vesting commencement date; and (B) a liquidity event requirement satisfied on the earliest to occur of the first trading day following the expiration of the lockup period applicable to an IPO of the Issuer's equity securities pursuant to an effective registration statement, March 15 of the calendar year following the year in which an IPO occurs, or a change in control. The Issuer's Board of Directors has waived the liquidity event requirement condition effective as of the earlier of the first day of trading of the Issuer's Class A Common Stock on the New York Stock Exchange and March 15, 2022.