Form 4: ZipRecruiter CEO Sells Shares Under 10b5-1 Plan

ZipRecruiter CEO Ian H. Siegel sold 29,174 shares of Class A Common Stock in early January 2026 through a pre-arranged 10b5-1 trading plan.

Summary

• Ian H. Siegel, the Chief Executive Officer, Director, and 10% Owner of ZipRecruiter, Inc., reported sales of Class A Common Stock.
• A total of 29,174 shares were sold across three separate transactions between January 6, 2026, and January 8, 2026.
• The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Siegel on September 9, 2024.
• On January 6, 2026, 9,730 shares were sold at a weighted average price of $3.6999 per share.
• On January 7, 2026, 9,722 shares were sold at a weighted average price of $3.5701 per share.
• On January 8, 2026, 9,722 shares were sold at a weighted average price of $3.378 per share.
• Following these transactions, Mr. Siegel beneficially owns 195,628 shares directly and 62,784 shares indirectly through the Siegel Family Trust.

Sentiment

Score: 4

Explanation: The sale of a substantial number of shares by the CEO, even under a pre-arranged 10b5-1 plan, and the observed decline in average sale prices over the transaction period, generally presents a moderately negative signal to the market regarding insider confidence.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating they were scheduled in advance and not based on immediate, non-public information.

Negatives

• The CEO, a key insider and 10% owner, sold a significant number of shares (29,174).
• The average sale price for the shares declined over the three transaction days, from $3.6999 to $3.378.

Risks

• Significant insider selling by a key executive, even under a 10b5-1 plan, can be perceived by the market as a potential lack of confidence in the company's near-term prospects, which could negatively impact investor sentiment and stock price.

Future Outlook

NA

Management Comments

• The transactions reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 9, 2024.

Industry Context

This filing is an insider transaction report and does not provide specific industry context or trends.

Related Party Transactions

• The reported sales were made by Ian H. Siegel, the Chief Executive Officer, Director, and 10% Owner of ZipRecruiter, Inc., making these related party transactions.
• Indirect beneficial ownership is held through the Siegel Family Trust, of which Ian H. Siegel and Rochelle Siegel are co-trustees.

Stakeholder Impact

• Shareholders may interpret the CEO's share sales as a signal of reduced confidence in the company's future prospects, potentially leading to decreased investor sentiment.
• The declining average sale price during the transaction period could further exacerbate negative perceptions among investors.

Key Dates

Recommendation

While the sales were conducted under a Rule 10b5-1 plan, mitigating the immediate negative implications of insider selling, the significant volume and declining average sale prices by the CEO warrant caution. Investors should hold their positions and closely monitor future company performance and any further insider transactions for clearer directional signals.

Keywords

ZipRecruiter, ZIP, Insider Trading, Form 4, Stock Sale, CEO, Ian Siegel, 10b5-1 Plan