Garefis Amy 4

What Happened
Amy Garefis, EVP and Chief People Officer of ZipRecruiter (ZIP), had RSUs vest on March 15, 2026. A total of 24,087 shares were issued upon settlement of those RSUs (reported as derivative conversions). To satisfy tax withholding obligations, 12,442 shares were relinquished/cancelled by the issuer at a withholding rate of $2.83 per share, totaling $35,211. The net newly issued shares to Ms. Garefis from this vesting were 11,645.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (reporting period 2026-03-15).
• Actions reported: multiple exercise/conversion of derivatives (code M) to settle RSUs; payment of tax liability by delivering shares (code F).
• Withheld shares: 12,442 shares at $2.83/share → $35,211 withheld to cover federal/state taxes.
• Net shares received from this vesting: 11,645 (24,087 vested − 12,442 withheld).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 explains the shares were relinquished solely to cover tax withholding; F2–F8 describe that these were RSUs (1 RSU = 1 share) with quarterly vesting schedules (1/16 each quarter starting in 2023–2026) and that RSUs either vest or are canceled.

Context

• This was a routine RSU settlement with shares withheld for taxes (often called a cashless or share-withholding settlement), not an open-market sale or purchase.
• Transaction codes: M = conversion/exercise of a derivative (here, RSU settlement); F = shares used to pay tax liability.
• Such withholding to cover taxes is common and does not necessarily indicate a change in insider sentiment.