Saenz Jennifer 4

What Happened

• Jennifer Saenz, a director of ZipRecruiter, converted/exercised 53,828 derivative shares on June 9, 2026 (reported on Form 4 filed June 11, 2026). The filing shows two derivative disposals of 26,914 shares each the same day (total disposed = 53,828). Also on June 9 she received a grant/award of 35,971 restricted stock units (RSUs).
• All transactions list a $0 per-share price in the filing (total $0 reported). The filing does not show a cash amount received or paid. The conversion and immediate disposals occurred the same day; the filing does not state whether the disposals were open-market sales, net-settlement, or tax withholdings.

Key Details

• Transaction date: June 9, 2026; Form 4 filed: June 11, 2026 (filed 2 days after the transactions; appears timely).
• Reported entries: 53,828 acquired via exercise/conversion (code M), two disposals of 26,914 each (code M/derivative), and a grant of 35,971 RSUs (code A).
• Price: $0.00 reported for all entries (typical for RSU settlement/stock issuance entries; filing gives no cash value).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes: RSUs represent a contingent right to one share on settlement (F1). Vesting schedules vary by grant:
  • Some RSUs vest 1/3 on each annual anniversary or at the issuer’s annual meeting in 2026–2028 (F2, F3).
  • Other RSUs vest earlier on specified dates (e.g., by Feb 5, 2027 or June 9, 2027) or at the corresponding annual meeting (F4, F5).

Context

• Derivative entries and $0 prices typically reflect RSU settlements or option/derivative conversions rather than open-market purchases; the subsequent same-day disposals may reflect share sales or tax-related withholdings, but the filing does not specify the nature of the disposals.
• Grants of RSUs are awards (not purchases) and generally vest over time; these do not necessarily indicate immediate insider bullishness.
• No indication in the filing that this is a 10% owner transaction or that transactions were made under a 10b5-1 plan.