SAKAMOTO RYAN T. 4
Research Summary
AI-generated summary
ZipRecruiter (ZIP) EVP/CLO Ryan T. Sakamoto Sells 2,495 Shares
What Happened
Ryan T. Sakamoto, Executive Vice President and Chief Legal Officer of ZipRecruiter, sold 2,495 shares of ZIP stock in an open-market disposition on March 18, 2026. The reported weighted-average price was $2.56 per share for total proceeds of approximately $6,399. This was a sale (not a purchase); the filing notes the trades were executed under a pre-established 10b5-1 trading plan.
Key Details
- Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (filed timely).
- Shares sold: 2,495; reported weighted-average price: $2.56; price range across multiple trades: $2.45–$2.61.
- Proceeds: ~ $6,399.
- Holdings after transaction: not specified in the provided excerpt; the reported shares are held by the Sakamoto Living Trust dated 1/5/15 (Reporting Person is trustee and beneficiary).
- Notable footnotes: trades were effected pursuant to a Rule 10b5-1 trading plan adopted September 11, 2024; the filing offers to provide detailed per-price breakdown on request.
Context
Sales made under 10b5-1 plans are prearranged and commonly used by insiders to regularly sell shares without regard to short-term market movements. The dollar value here is modest, so this single sale by itself is a routine insider disposition rather than a clear signal about company prospects.