Home > Insider Trading > Filing (0001209191-21-056796)

Filing Details

Accession Number:: 0001209191-21-056796
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-09-17 21:48:50
Reporting Period:: 2021-09-15

Accepted Time:: 2021-09-17 21:48:50
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
1859452	Jeffrey Zwelling	604 Arizona Ave Santa Monica CA 90401	Chief Operating Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

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	25,438	$0.00	112,139	No	4	C	Direct
Class A Common Stock	Disposition	2021-09-15	12,773	$25.94	99,366	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

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Restricted Stock Units	Disposition	2021-09-15	11,250	$0.00	11,250	$0.00
Class B Common Stock	Restricted Stock Units	Disposition	2021-09-15	14,188	$0.00	14,188	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-09-15	25,438	$0.00	25,438	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-09-15	25,438	$0.00	25,438	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
101,250	2023-12-15	No	4	M	Direct
184,437	2024-12-15	No	4	M	Direct
25,438		No	4	M	Direct
0		No	4	C	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	1,369,419	Indirect	See Footnote

Footnotes

Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
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.
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 units ("RSUs"). 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.
These shares are held of record by Zwelling Family LP. The Reporting Person is the general partner of Zwelling Family LP and may be deemed to have voting power and investment power over the securities held by Zwelling Family LP.
Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
25% of the total shares underlying the option vested on January 1, 2021, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continued service to the Issuer on each vesting date.
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.
[continuation of fn7] The Issuer's Board of Directors has waived the Liquidity Event Requirement condition effective as of the earlier 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.