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

Amy Garefis, EVP and Chief People Officer of ZipRecruiter, sold 3,021 shares of Class A Common Stock for approximately $5.07 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Amy Garefis, the Executive Vice President and Chief People Officer of ZipRecruiter, Inc. (ZIP), reported the sale of 3,021 shares of the company's Class A Common Stock.
• The transaction took place on June 18, 2025.
• The shares were sold at a weighted average price of $5.0747 per share, with individual transaction prices ranging from $4.94 to $5.17.
• This sale was executed in accordance with a Rule 10b5-1 trading plan that Ms. Garefis adopted on September 10, 2024.
• Following this transaction, Ms. Garefis beneficially owns 211,309 shares of ZipRecruiter's Class A Common Stock.

Sentiment

Score: 6

Explanation: The sale of shares by an executive, while a reduction in insider holdings, was conducted under a pre-arranged Rule 10b5-1 trading plan. This indicates a planned liquidity event rather than a reaction to new negative information, which mitigates the potential negative sentiment typically associated with insider selling, leading to a neutral to slightly positive interpretation.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating that the transaction was scheduled in advance and not based on new, non-public information, which helps mitigate concerns about insider trading.

Negatives

• Insider selling, even when pre-planned, can sometimes be perceived by investors as a lack of strong confidence in the company's near-term future prospects by an executive.

Future Outlook

N/A

Management Comments

• "The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 10, 2024."
• "The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.94 to $5.17 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein."

Industry Context

This Form 4 filing provides specific details about an insider stock transaction and does not contain information related to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of outstanding shares and provides transparency regarding executive stock holdings and pre-planned sales activities.

Key Dates

Keywords

ZipRecruiter, ZIP, Form 4, insider trading, stock sale, executive compensation, 10b5-1 plan, Amy Garefis