ZipRecruiter EVP Amy Garefis Exercises RSUs; Shares Withheld

What Happened

• Amy Garefis, EVP & Chief People Officer of ZipRecruiter (ZIP), had multiple RSU tranches convert to common stock on September 15, 2026. A total of 24,087 RSUs were settled (reported as derivative exercises). To cover tax withholding obligations, 12,755 shares were surrendered/cancelled at $3.95 per share for a withholding value of $50,382. The net result is roughly 11,332 shares issued to Ms. Garefis after the withholding.

Key Details

• Transaction date: September 15, 2026 (reported on Form 4 filed 2026-09-16 — timely filing).
• Reported actions: Multiple exercise/conversions of RSUs (transaction code M) and payment of tax withholding via surrender/withholding of shares (transaction code F).
• Withheld shares for taxes: 12,755 shares at $3.95/share = $50,382.
• RSUs converted (total): 24,087 shares (breakdown in filing: 5,237; 1,337; 4,553; 5,841; 7,119).
• Approximate shares issued to insider after withholding: 24,087 − 12,755 = 11,332 shares.
• Shares owned after transaction: Not specified in the provided summary.
• Footnotes: RSUs represent contingent rights to one share each and vest quarterly in 1/16 tranches (vesting schedules noted in filing for grants beginning in 2023–2026). RSUs do not expire; shares withheld were surrendered only to cover tax withholding per Rule 16b-3(e).

Context

• This was a routine RSU settlement with “sell-to-cover” style withholding to satisfy tax obligations, not an open-market sale. For RSUs, conversion to shares at vesting is common; withholding of a portion of shares to pay taxes is standard and does not by itself indicate a change in insider sentiment.