SIEGEL IAN H. 4

What Happened

• Ian H. Siegel, CEO of ZipRecruiter (ZIP), sold a total of 53,808 shares in open-market transactions across March 18–20, 2026, bringing in roughly $132,518 in proceeds. The sales were reported as disposals (code S) on the Form 4 and were executed under a pre-established Rule 10b5‑1 trading plan adopted August 14, 2025.

Key Details

• Transactions:
  • 2026-03-18: Sold 34,364 shares at a weighted avg price of $2.57 — proceeds ~$88,291 (see footnote F2; prices in range $2.425–$2.615).
  • 2026-03-19: Sold 9,722 shares at a weighted avg price of $2.38 — proceeds ~$23,166 (see footnote F4; prices in range $2.305–$2.535).
  • 2026-03-20: Sold 9,722 shares at a weighted avg price of $2.17 — proceeds ~$21,061 (see footnote F5; prices in range $2.095–$2.305).
• Total shares sold: 53,808; total reported proceeds: approximately $132,518.
• Shares owned after transaction: filing excerpt notes corrected direct holdings (footnote F3); exact post‑sale total not provided in the supplied summary.
• Notable footnotes: F1 confirms a Rule 10b5‑1 plan (adopted Aug 14, 2025). F2–F5 explain reported prices are weighted averages and give the range of execution prices; full per‑price details are available on request.
• Filing/timeliness: Form 4 filed March 20, 2026 (Period of Report lists Mar 18, 2026); no late filing flag indicated in the provided data.

Context

• These were pre-arranged, open-market sales under a 10b5‑1 plan, which is commonly used by insiders to sell shares according to a predetermined schedule and reduces the extent to which the trades are taken as a real‑time signal of insider sentiment. Sales (disposals) are generally treated as routine; purchases typically provide stronger signals of insider bullishness.