Gupta Mike 4

What Happened

• Mike Gupta, a director of ZipRecruiter, reported derivative conversions and an RSU award on June 9, 2026. The filing shows he exercised/converted 40,601 derivative units at a reported price of $0 (acquired), and on the same date reported disposals of 7,604 and 32,997 shares (total disposed = 40,601). He was also granted 35,971 restricted stock units (RSUs) at $0. The filing reports $0 cash consideration for these entries.

Key Details

• Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (appears timely).
• Reported prices/values: $0 per share / $0 total as listed in the filing (derivative conversions and RSU grant recorded without cash amounts).
• Shares acquired by conversion/exercise: 40,601 (code M). Shares disposed same day: 7,604 and 32,997 (both reported as derivative-related disposals).
• Award/grant: 35,971 RSUs (code A).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: RSUs represent contingent rights to receive one share on settlement (F1). Vesting schedules noted in the filing include 1/3 vesting annually (2025–2027) and vesting tied to the earlier of specific dates or annual meetings (June 10, 2026 and June 9, 2027) (F2, F4, F5). RSUs do not expire prior to vesting (F3).
• Transaction codes: M = exercise/conversion of derivative; A = award/grant.

Context

• The filing shows the exercised/conversion shares were not retained (the number disposed equals the number acquired), and a separate RSU grant was recorded. The Form reports $0 consideration for these entries — this commonly reflects conversion/settlement mechanics rather than an open-market purchase or sale, but the filing does not state the reason for the disposals (e.g., sale, net settlement, or tax withholding). No late-filing indication was included.