LEE BRIAN SUNG 4
4 · ZIPRECRUITER, INC. · Filed May 28, 2021
Insider Transaction Report
Form 4
LEE BRIAN SUNG
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-05-26−4,540→ 0 totalExp: 2026-06-04→ Class B Common Stock (4,540 underlying) - Exercise/Conversion
Class B Common Stock
2021-05-26+4,540→ 4,540 total→ Class A Common Stock (4,540 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
- [F2]Commencing on April 1, 2019, 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 1/4 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.
- [F3]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.