Filing Details

Accession Number:
0001209191-21-036702
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-05-28 20:08:40
Reporting Period:
2021-05-26
Accepted Time:
2021-05-28 20:08:40
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
1859442 T. Ryan Sakamoto 604 Arizona Ave
Santa Monica CA 90401
General Counsel And Secretary 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 2021-05-26 91,314 $0.00 291,314 No 4 C Direct
Class A Common Stock Disposition 2021-05-26 76,314 $20.00 215,000 No 4 S Direct
Class A Common Stock Disposition 2021-05-26 15,000 $21.00 200,000 No 4 S Direct
Class A Common Stock Disposition 2021-05-26 20,000 $20.00 48,000 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 S Direct
No 4 S Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Restricted Stock Units Disposition 2021-05-26 67,500 $0.00 67,500 $0.00
Class B Common Stock Restricted Stock Units Disposition 2021-05-26 2,250 $0.00 2,250 $0.00
Class B Common Stock Restricted Stock Units Disposition 2021-05-26 14,375 $0.00 14,375 $0.00
Class B Common Stock Employee Stock Option (right to buy) Disposition 2021-05-26 15,000 $0.00 15,000 $0.98
Class A Common Stock Class B Common Stock Acquisiton 2021-05-26 99,125 $0.00 99,125 $0.00
Class A Common Stock Class B Common Stock Disposition 2021-05-26 91,314 $0.00 91,314 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
52,500 2026-02-13 No 4 M Direct
33,750 2031-03-23 No 4 M Direct
31,625 2027-02-27 No 4 M Direct
57,000 2026-12-07 No 4 M Direct
99,125 No 4 M Direct
7,811 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. The reported shares are held by the Sakamoto Living Trust dated 1/5/15, of which the Reporting Person is trustee and beneficiary.
  4. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
  5. Commencing on February 14, 2020, the RSUs shall vest upon satisfaction of two conditions while the Reporting Person 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 (i) New York Stock Exchange and (ii) March 15, 2022.
  6. Commencing on March 24, 2021, the RSUs shall vest upon satisfaction of two conditions while the Reporting Person 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 (i) the first day of trading of the Issuer's Class A Common Stock on the New York Stock Exchange and (ii) March 15, 2022.
  7. Commencing on February 28, 2021, the RSUs shall vest upon satisfaction of two conditions while the Reporting Person 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 (i) the first day of trading of the Issuer's Class A Common Stock on the New York Stock Exchange and (ii) March 15, 2022.
  8. The stock option is fully vested.