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

ZipRecruiter's EVP and Chief Technology Officer, Boris F. Shimanovsky, sold 4,671 shares of Class A Common Stock for approximately $4.52 per share under a Rule 10b5-1 trading plan.

Summary

• Boris F. Shimanovsky, ZipRecruiter's EVP, Chief Technology Officer, disposed of 4,671 shares of Class A Common Stock.
• The transaction occurred on July 21, 2025, at a weighted average price of $4.5228 per share.
• Shares were sold in multiple transactions ranging from $4.43 to $4.74 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024.
• Following the reported transaction, Boris F. Shimanovsky directly beneficially owns 319,936 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sale of shares by a key executive, while executed under a pre-arranged 10b5-1 plan, is a neutral to slightly negative signal. The amount sold is relatively small compared to the executive's total holdings, mitigating significant negative sentiment.

Negatives

• An executive selling shares, even under a pre-arranged plan, can sometimes be perceived as a slight negative signal regarding future prospects, though the amount is relatively small.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it is a report of a past insider transaction.

Industry Context

This filing reports a routine insider transaction and does not provide broader industry context or trends. It reflects an individual executive's pre-planned stock sale.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in insider ownership, which is generally informational. The pre-arranged nature of the sale suggests it is not a reaction to new negative company developments.

Key Dates

Recommendation

The sale of shares by a key executive, while noteworthy, was conducted under a pre-arranged Rule 10b5-1 trading plan, suggesting it was a scheduled liquidity event rather than a reaction to new material information. The relatively small number of shares sold compared to the executive's remaining holdings does not significantly alter the investment thesis for ZipRecruiter, warranting a 'hold' recommendation based solely on this filing.

Keywords

ZipRecruiter, ZIP, insider trading, Form 4, stock sale, executive compensation, Boris F. Shimanovsky, CTO, 10b5-1 plan