Form 4: ZipRecruiter Director and 10% Owner Sells Over 163,000 Shares

ZipRecruiter Director and 10% Owner Stephen J. Harrick reported the sale of 163,114 shares of Class A Common Stock across two transactions in early July 2025.

Summary

• Stephen J. Harrick, a Director and 10% Owner of ZipRecruiter, Inc. (ZIP), reported two sales of Class A Common Stock.
• On July 3, 2025, 147,797 shares were sold at a weighted average price of $5.27 per share, with prices ranging from $5.22 to $5.31.
• On July 7, 2025, an additional 15,317 shares were sold at a weighted average price of $5.29 per share, with prices ranging from $5.27 to $5.36.
• Following these transactions, Harrick's direct beneficial ownership of shares held by a family trust became 0.
• Harrick retains indirect beneficial ownership through various Institutional Venture Partners entities, including 3,809,348 shares by Institutional Venture Partners XIV L.P., 10,459 shares by Institutional Venture Management XIV, LLC, 4,570,369 shares by Institutional Venture Partners XV, L.P., 24,294 shares by Institutional Venture Partners XV Executive Fund, L.P., and 4,247 shares by Institutional Venture Management XV, LLC.

Sentiment

Score: 3

Explanation: The filing reports significant insider selling by a Director and 10% Owner, which typically signals a negative sentiment or a belief that the stock is fully valued. The sales occurred at relatively low prices.

Negatives

• Insider selling by a Director and 10% Owner can be perceived negatively by the market, potentially signaling a lack of confidence in the company's near-term prospects or a belief that the stock is fully valued.
• The sales occurred at relatively low prices of $5.27 and $5.29 per share.

Future Outlook

No future outlook or guidance for the company is provided in this insider transaction report.

Industry Context

This filing reports an insider transaction and does not provide broader industry context or trends. The sale of shares by a director and significant owner is a routine disclosure for compliance purposes.

Related Party Transactions

• The reported sales are by Stephen J. Harrick, a Director and 10% Owner of ZipRecruiter, Inc., making these related party transactions.
• Indirect beneficial ownership is held through various Institutional Venture Partners entities where the Reporting Person is a managing director, and he disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders may interpret the insider selling as a negative signal, potentially leading to downward pressure on the company's stock price.

Next Steps

• The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the reported ranges upon request to the Issuer, any security holder, or the SEC staff.

Key Dates

Recommendation

Keywords

ZipRecruiter, ZIP, Stephen J. Harrick, Insider Trading, Form 4, Stock Sale, Beneficial Ownership, SEC Filing, Director, 10% Owner, Institutional Venture Partners