Form 4: ZipRecruiter CTO Sells Over 4,000 Shares Under Pre-Arranged Trading Plan

ZipRecruiter, Inc.'s Executive Vice President and Chief Technology Officer, Boris F. Shimanovsky, sold 4,088 shares of Class A Common Stock for approximately $20,750 as part of a pre-scheduled Rule 10b5-1 trading plan.

Summary

• Boris F. Shimanovsky, EVP, Chief Technology Officer of ZipRecruiter, Inc. (ZIP), reported the sale of 4,088 shares of Class A Common Stock.
• The transaction occurred on June 20, 2025.
• The shares were sold at a weighted average price of $5.0767 per share, with individual sales ranging from $4.99 to $5.17 per share.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Shimanovsky on December 10, 2024.
• Following this transaction, Mr. Shimanovsky beneficially owns 324,607 shares of Class A Common Stock.
• The total value of the shares sold is approximately $20,750.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly negative. While an executive selling shares can be perceived negatively, the fact that it was conducted under a Rule 10b5-1 plan mitigates concerns about opportunistic selling. The transaction size is also relatively small compared to the executive's remaining holdings.

Negatives

• An executive selling shares could be perceived as a slight negative by some investors, although this sale was pre-planned.

Future Outlook

This document, a Form 4, does not provide any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. It is a routine disclosure of an executive's stock sale.

Stakeholder Impact

• Shareholders: May view the sale as a minor negative, but the pre-planned nature (10b5-1) reduces concerns about management's confidence in the company's immediate prospects. The small percentage of total holdings sold also limits impact.

Key Dates

Keywords

ZipRecruiter, ZIP, Boris F. Shimanovsky, CTO, Insider Trading, Form 4, SEC Filing, Stock Sale, 10b5-1 Plan, Executive Compensation