SHIMANOVSKY BORIS F. 4
4 · ZIPRECRUITER, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
ZIPRECRUITER (ZIP) EVP Boris Shimanovsky Exercises RSUs; Shares Withheld
What Happened
- Boris F. Shimanovsky, EVP and Chief Technology Officer of ZipRecruiter (ZIP), had restricted stock units (RSUs) vest and be converted into 53,028 shares on March 15, 2026 (multiple derivative exercise/conversion entries, code M). To satisfy required tax withholding, 18,340 of those shares were surrendered to the company at $2.83 per share, generating a withholding amount of $51,902 (transaction code F). The remaining shares were retained by the reporting person (net = 53,028 − 18,340 = 34,688 shares).
- This was not an open‑market sale — shares were cancelled/withheld by the issuer to cover tax obligations (commonly called a “sell to cover” or shares‑withheld to pay taxes).
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
- Exercise/conversion (code M): 7,140; 11,206; 20,444; and 14,238 shares (total 53,028) converted from RSUs at $0.00 per share (RSUs convert to common shares upon vesting).
- Tax withholding (code F): 18,340 shares withheld/cancelled at $2.83/share = $51,902.
- Shares owned after transaction: not specified on the Form 4 (net new shares retained from this vesting = 34,688).
- Notable footnotes: RSUs represent a contingent right to one share each (F2); vesting occurs quarterly in 1/16 increments per the noted schedules (F3–F7); the withholding was an exempt transaction under Section 16(b)-3(e) (F1).
- Transaction codes: M = option/derivative exercise or conversion; F = payment of exercise price or tax liability by delivering/withholding shares.
Context
- These entries reflect RSU vesting and conversion rather than a discretionary sale or purchase; the only shares relinquished were to cover required tax withholding. Such tax‑withholding/cancelled‑share transactions are routine and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
Form 4
SHIMANOVSKY BORIS F.
EVP, Chief Technology Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2026-03-15+7,140→ 343,427 total - Exercise/Conversion
Class A Common Stock
2026-03-15+11,206→ 354,633 total - Exercise/Conversion
Class A Common Stock
2026-03-15+20,444→ 375,077 total - Exercise/Conversion
Class A Common Stock
2026-03-15+14,238→ 389,315 total - Tax Payment
Class A Common Stock
[F1]2026-03-15$2.83/sh−18,340$51,902→ 370,975 total - Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]2026-03-15−7,140→ 21,420 totalExercise: $0.00→ Class A Common Stock (7,140 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5][F4]2026-03-15−11,206→ 78,442 totalExercise: $0.00→ Class A Common Stock (11,206 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F6][F4]2026-03-15−20,444→ 224,880 totalExercise: $0.00→ Class A Common Stock (20,444 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F7][F4]2026-03-15−14,238→ 213,562 totalExercise: $0.00→ Class A Common Stock (14,238 underlying)
Footnotes (7)
- [F1]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.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- [F3]The RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on March 15, 2023 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- [F4]RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F5]The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2024 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- [F6]The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2025 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- [F7]The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2026 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
Signature
/s/ Michael Johnson, Attorney-in-Fact for Reporting Person|2026-03-17