Form 4: ZipRecruiter EVP Amy Garefis Reports Stock Transactions

Amy Garefis, EVP and Chief People Officer at ZipRecruiter, reports the vesting and conversion of restricted stock units and associated tax withholding.

Summary

• On March 15, 2024, Amy Garefis, EVP and Chief People Officer of ZipRecruiter, engaged in several transactions involving Class A and Class B Common Stock.
• These transactions included the vesting of 17,380 Restricted Stock Units (RSUs) into Class A Common Stock.
• Additionally, 2,250 shares of Class B Common Stock were converted into Class A Common Stock.
• A total of 10,447 shares were withheld to cover tax obligations related to the vesting of the RSUs at a price of $12.55 per share.
• Following these transactions, Garefis directly owns 150,195 shares of Class A Common Stock.
• The reported transactions were executed pursuant to Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider transactions.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading.
• Similar filings are made by executives at companies like LinkedIn (now part of Microsoft), Indeed (owned by Recruit Holdings), and Glassdoor (owned by Recruit Holdings) when they engage in stock transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• Employees may be interested in the stock transactions of company executives.

Key Dates