Herman Cipora 4

What Happened

• Herman Cipora, a director of ZipRecruiter, reported derivative activity and an RSU award on June 9, 2026. The Form 4 shows an exercise/conversion of 32,997 derivative units at $0.00 (acquired) and a same‑day disposition of those 32,997 derivative units (also at $0.00). Separately, he was granted 35,971 restricted stock units (RSUs) with a $0.00 per‑unit price. No cash changed hands in these reported items.

Key Details

• Transaction date: June 9, 2026; Form filed June 11, 2026 (appears timely).
• Exercise/conversion (code M): 32,997 units acquired @ $0.00 and 32,997 units disposed @ $0.00 (derivative activity).
• Grant/award (code A): 35,971 RSUs granted @ $0.00.
• Shares owned after transaction: not disclosed in this filing.
• Footnotes: F1–F4 indicate these are RSUs (each RSU = right to one share on settlement). Some RSUs vest the earlier of June 10, 2026 (or the 2026 annual meeting) and others vest the earlier of June 9, 2027 (or the 2027 annual meeting). RSUs do not expire.
• Remarks: Exhibit 24 (Power of Attorney) included.

Context

• RSUs are awards that convert into common shares upon vesting/settlement; they are not open‑market purchases and do not necessarily signal a near‑term buy or sell decision.
• The exercise/conversion and same‑day disposition are recorded as derivative activity (not an open‑market sale at a cash price). The filing does not show cash proceeds or a public sale price.
• For retail investors: awards and derivative conversions at $0 are common in equity compensation plans and are informational rather than straightforward bullish/bearish signals.