4//SEC Filing
DIONELLO RENATA 4
Accession 0001209191-22-037989
CIK 0001617553other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 5:22 PM ET
Size
15.1 KB
Accession
0001209191-22-037989
Insider Transaction Report
Form 4
DIONELLO RENATA
Chief People Officer
Transactions
- Conversion
Class A Common Stock
2022-06-15+22,500→ 111,383 total - Tax Payment
Class A Common Stock
2022-06-15$15.35/sh−8,974$137,751→ 102,409 total - Exercise/Conversion
Restricted Stock Units
2022-06-15−22,500→ 180,000 total→ Class B Common Stock (22,500 underlying) - Exercise/Conversion
Class B Common Stock
2022-06-15+22,500→ 22,500 total→ Class A Common Stock (22,500 underlying) - Conversion
Class B Common Stock
2022-06-15−22,500→ 0 total→ Class A Common Stock (22,500 underlying)
Footnotes (7)
- [F1]Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
- [F2]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units (the "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.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
- [F4]Commencing on September 8, 2020, 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.
- [F5][continuation of fn4] 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.
- [F6]RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F7]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.
Documents
Issuer
ZIPRECRUITER, INC.
CIK 0001617553
Entity typeother
Related Parties
1- filerCIK 0001859378
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 5:22 PM ET
- Size
- 15.1 KB