SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Bartolome Lora

(Last) (First) (Middle)
C/O ZIPRECRUITER, INC.
604 ARIZONA AVENUE

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ZIPRECRUITER, INC. [ ZIP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Accounting & Controller
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/15/2023 M 4,737 A $0.00 14,901 D
Class A Common Stock 09/15/2023 C(1) 2,624 A $0.00 17,525 D
Class A Common Stock 09/15/2023 F(2) 3,804 D $15.15 13,721 D
Class A Common Stock 09/15/2023 S(3) 3,557 D $14.94(4) 10,164 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (5) 09/15/2023 M 1,593 (6) (7) Class A Common Stock 1,593 $0.00(5) 11,157 D
Restricted Stock Units (8) 09/15/2023 M 1,312 (9) (7) Class B Common Stock 1,312 $0.00(8) 1,313 D
Restricted Stock Units (8) 09/15/2023 M 1,312 (10) (7) Class B Common 1,312 $0.00(8) 5,250 D
Restricted Stock Units (5) 09/15/2023 M 1,562 (11) (7) Class A Common Stock 1,562 $0.00(5) 14,063 D
Restricted Stock Units (5) 09/15/2023 M 1,582 (12) (7) Class A Common Stock 1,582 $0.00(5) 20,554 D
Class B Common Stock (13) 09/15/2023 M 2,624 (13) (13) Class A Common Stock 2,624 $0.00(13) 2,624 D
Class B Common Stock (13) 09/15/2023 C(1) 2,624 (13) (13) Class A Common Stock 2,624 $0.00(13) 0 D
Explanation of Responses:
1. Represents the conversion of Class B Common Stock into Class A Common Stock.
2. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units (the "RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
3. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 15, 2023.
4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.80 to $15.03 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
5. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
6. The RSUs vest quarterly in nine substantially equal increments beginning June 15, 2023, with the RSUs becoming fully vested on June 15, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.
7. RSUs do not expire; they either vest or are canceled prior to vesting date.
8. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
9. The RSUs vest in three substantially equal increments on each of June 15, 2023, September 15, 2023 and December 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.
10. The RSUs vest quarterly in six substantially equal increments beginning June 15, 2023, with the RSUs becoming fully vested on September 15, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date.
11. The RSUs vest quarterly in 11 substantially equal increments beginning June 15, 2023, with the RSUs becoming fully vested on December 15, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.
12. The RSUs vest quarterly in 15 substantially equal increments beginning June 15, 2023, with the RSUs becoming fully vested on December 15, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.
13. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
Remarks:
/s/ Ryan Sakamoto, Attorney-in-Fact for Reporting Person 09/19/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.