4//SEC Filing
ZWELLING JEFFREY 4
Accession 0001209191-21-056796
CIK 0001617553other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 9:48 PM ET
Size
18.2 KB
Accession
0001209191-21-056796
Insider Transaction Report
Form 4
ZWELLING JEFFREY
Chief Operating Officer
Transactions
- Sale
Class A Common Stock
2021-09-15$25.94/sh−12,773$331,332→ 99,366 total - Exercise/Conversion
Restricted Stock Units
2021-09-15−11,250→ 101,250 totalExp: 2023-12-15→ Class B Common Stock (11,250 underlying) - Exercise/Conversion
Class B Common Stock
2021-09-15+25,438→ 25,438 total→ Class A Common Stock (25,438 underlying) - Conversion
Class B Common Stock
2021-09-15−25,438→ 0 total→ Class A Common Stock (25,438 underlying) - Exercise/Conversion
Restricted Stock Units
2021-09-15−14,188→ 184,437 totalExp: 2024-12-15→ Class B Common Stock (14,188 underlying) - Conversion
Class A Common Stock
2021-09-15+25,438→ 112,139 total
Holdings
- 1,369,419(indirect: See Footnote)
Class A Common Stock
Footnotes (8)
- [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]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.
- [F4]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.
- [F5]Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
- [F6]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.
- [F7]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.
- [F8][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.
Documents
Issuer
ZIPRECRUITER, INC.
CIK 0001617553
Entity typeother
Related Parties
1- filerCIK 0001859452
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 9:48 PM ET
- Size
- 18.2 KB