Bartolome Lora 4

What Happened

• Bartolome Lora, SVP, Accounting & Controller at ZipRecruiter (ZIP), had restricted stock units (RSUs) convert into 9,837 shares on 2026-03-15 (recorded as exercise/conversion of a derivative at $0.00). To cover required federal/state tax withholding, 5,315 of those shares were relinquished/cancelled by the company at an effective value of $2.83 per share for a total tax withholding of $15,041. After withholding, Lora received a net 4,522 shares.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (filed within the typical two-business-day window).
• Vesting/conversion: 9,837 shares reported as acquired at $0.00 (RSU settlement).
• Tax withholding: 5,315 shares withheld/cancelled at $2.83/share = $15,041 (code F; exempt under Section 16b-3(e) for withholding).
• Net shares issued to insider from this vesting: 4,522 shares.
• Footnotes: RSUs represent contingent rights to one share each and vest on a scheduled quarterly basis (see F2–F7). Withheld shares were cancelled by the issuer solely to satisfy tax obligations — not sold on the open market.
• Filing timeliness: Report appears timely (filed two days after the transaction).

Context

• This was a routine RSU settlement with cashless tax-withholding (company retained/cancelled shares to satisfy tax obligations). It is not an open-market sale or purchase that signals a trading opinion—rather, a standard tax-related disposition following vesting.