SIEGEL IAN H. 4

What Happened

• Ian H. Siegel, CEO of ZipRecruiter (ZIP), had a total of 65,656 restricted stock units (RSUs) convert to shares on March 15, 2026 (reported on Form 4 filed March 17, 2026). All shares were issued at $0.00 (conversion of RSUs).
• To cover tax withholding obligations, 33,836 of those shares were surrendered/cancelled at $2.83 per share (total value ≈ $95,756). After the withholding, Siegel’s net increase in beneficial ownership from this event is 31,820 shares.
• The withholding was reported as an exempt transaction under Section 16b‑3(e) (code F) and the conversions are reported with code M (exercise/conversion of derivative).

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-17 (timely — Form 4 is due within two business days).
• Shares acquired (conversion): 65,656 shares @ $0.00.
• Shares withheld/disposed for taxes: 33,836 shares @ $2.83 = $95,756.
• Net shares added to holdings from this vesting: +31,820 shares.
• Footnotes: RSUs settle 1-for-1 into Class A common stock (F3); withheld shares were surrendered/cancelled by the issuer to satisfy tax withholding (F1). Multiple RSU grants have quarterly vesting schedules (vesting as to 1/16 each quarter beginning on March 15 of 2024, 2025 or 2026, per footnotes).
• Shares owned after the transaction: not specified on the provided excerpt of the Form 4.

Context

• This was not an open-market sale or purchase — it was the conversion/settlement of RSUs and a routine tax-withholding share surrender (cashless/withholding). Such transactions commonly reflect scheduled vesting and tax obligations rather than discretionary buying or selling by the insider.
• Transaction codes: M = exercise/conversion of derivative/RSU; F = payment of exercise price or tax liability via withholding.