Hadley Harbor Master Investors (Cayman) II L.P. 4
4 · ZIPRECRUITER, INC. · Filed May 28, 2021
Insider Transaction Report
Form 4
Transactions
- Conversion
Class B Common Stock
2021-05-26+1,851,097→ 1,851,097 total→ Class A Common Stock (1,851,097 underlying) - Conversion
Class A Common Stock
2021-05-26+1,851,097→ 11,344,705 total - Conversion
Class B Common Stock
2021-05-26−1,851,097→ 0 total→ Class A Common Stock (1,851,097 underlying) - Conversion
Convertible Promissory Note
2021-05-26−1,851,097→ 0 totalExercise: $8.29→ Class B Common Stock (1,851,097 underlying)
Footnotes (4)
- [F1]Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
- [F2]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.
- [F3]The Convertible Promissory Note (the "Convertible Note") had a principal amount of $15,000,000.00, and accrued interest at the rate of 2.5% per annum compounded annually. The Convertible Note automatically converted into 1,851,097 shares of Class B Common Stock at a conversion price of $8.2909 per share immediately following the first trading day of the Issuer's Class A Common Stock on the New York Stock Exchange (May 26, 2021).
- [F4]The maturity date of the Convertible Note was the earliest to occur of: (1) June 22, 2023 or (2) an event of default under the Convertible Note.