Form 4: ZipRecruiter EVP Reports RSU Vesting & Tax Withholding

ZipRecruiter's EVP, Chief People Officer, Amy Garefis, reported the vesting of restricted stock units and subsequent share disposition for tax obligations.

Summary

• Amy Garefis, EVP, Chief People Officer of ZipRecruiter, Inc. (ZIP), reported transactions on September 15, 2025.
• She acquired a total of 23,218 shares of Class A Common Stock through the vesting and settlement of Restricted Stock Units (RSUs).
• Concurrently, 11,994 shares of Class A Common Stock were disposed of at a price of $4.9 per share to cover federal and state tax withholding obligations related to the RSU vesting.
• Following these transactions, Ms. Garefis beneficially owns 217,154 shares of Class A Common Stock directly.
• Remaining derivative securities include 26,185, 5,348, 40,977, and 75,927 Restricted Stock Units, each representing a contingent right to receive one share of Class A Common Stock upon settlement according to their respective vesting schedules.

Sentiment

Score: 6

Explanation: The filing reports routine, pre-scheduled executive compensation events (RSU vesting) and associated tax withholding. This is a neutral to slightly positive indicator of executive retention and adherence to compensation plans, with no unexpected negative or positive surprises.

Positives

• Vesting of Restricted Stock Units (RSUs) indicates continued executive compensation and retention.
• The transactions are routine and part of a pre-established compensation plan, reflecting stability in executive incentives.

Negatives

• A portion of the vested shares (11,994 shares) was immediately disposed of to cover tax liabilities, not for personal sale or profit realization beyond the RSU value.

Future Outlook

The filing indicates ongoing executive compensation through Restricted Stock Units (RSUs) with future vesting schedules extending quarterly from March 15, 2022, March 15, 2023, March 15, 2024, and March 15, 2025, until fully vested, contingent on continued service.

Industry Context

This routine insider transaction reflects standard executive compensation practices within the technology and online recruitment industry, where equity-based awards like Restricted Stock Units are common tools for attracting, retaining, and incentivizing key personnel. Such filings are typical for executives at publicly traded companies.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine compensation events, though they represent a planned increase in outstanding shares over time.
• Employees: Reflects standard executive compensation practices, potentially signaling stability in leadership incentives.
• Management: Confirms ongoing equity compensation for a key executive, aligning interests with long-term company performance.

Next Steps

• Continued vesting of remaining Restricted Stock Units (RSUs) according to their respective quarterly schedules.
• Future Form 4 filings will report subsequent RSU vesting and any other changes in beneficial ownership.

Key Dates

Keywords

ZipRecruiter, ZIP, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Ownership, Tax Withholding