Form 4: ZipRecruiter Chief People Officer Reports Significant RSU Vesting and Tax-Related Share Withholding

Amy Garefis, EVP and Chief People Officer of ZipRecruiter, Inc., reported the vesting of multiple tranches of Restricted Stock Units and the subsequent withholding of shares to cover tax obligations on June 15, 2025.

Summary

• Amy Garefis, EVP, Chief People Officer of ZipRecruiter, Inc. (ZIP), reported transactions on June 15, 2025.
• She acquired a total of 23,218 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at an exercise price of $0.
• Concurrently, 11,994 shares of Class A Common Stock were disposed of at a price of $5.23 per share to cover federal and state tax withholding obligations related to the RSU vesting.
• This transaction is an exempt transaction under Section 16b-3(e), specifically for tax liability payment.
• Following these transactions, Ms. Garefis directly beneficially owns 214,330 shares of Class A Common Stock.
• She also holds various tranches of unvested Restricted Stock Units, totaling 171,655 shares (6,250 + 31,422 + 6,685 + 45,530 + 81,768).

Sentiment

Score: 7

Explanation: The filing indicates routine RSU vesting and tax withholding, which is a neutral to slightly positive event as it reflects the executive's continued equity ownership and commitment to the company, without any discretionary sales.

Positives

• The vesting of Restricted Stock Units indicates the fulfillment of compensation agreements, aligning executive incentives with company performance.
• The executive's continued holding of a significant number of shares (214,330 Class A Common Stock) and unvested RSUs (171,655 shares) demonstrates ongoing alignment with shareholder interests.

Negatives

• A portion of the vested shares (11,994 shares) was sold to cover tax liabilities, which is a common practice but results in a reduction of the executive's direct shareholding from the gross vested amount.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine executive compensation event, specifically the vesting of Restricted Stock Units and subsequent tax withholding. Such transactions are common across all industries for publicly traded companies that utilize equity-based compensation to incentivize and retain key personnel. It does not provide insights into broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The transaction reflects the ongoing equity compensation structure for executives, aligning their interests with long-term shareholder value. The tax-related sale is a routine event and not a discretionary sale by the executive.
• Employees: The vesting of RSUs for a Chief People Officer may signal stability in executive compensation practices within the company.

Next Steps

• Continued quarterly vesting of remaining Restricted Stock Units as per their respective schedules (e.g., tranches beginning March 15, 2022, 2023, 2024, and 2025).

Key Dates

Recommendation

Keywords

ZipRecruiter, ZIP, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, Share Ownership, Tax Withholding, Amy Garefis, Chief People Officer