Form 4: ZipRecruiter EVP Timothy Yarbrough Reports Stock Transactions
SEC Form 4
Timothy Yarbrough, EVP & CFO of ZipRecruiter, reports the conversion and disposal of Class A and Class B Common Stock, along with Restricted Stock Units (RSUs), to cover tax obligations.
Summary
- On March 15, 2024, Timothy Yarbrough, the EVP & CFO of ZipRecruiter, engaged in multiple transactions involving the company's stock.
- These transactions included the conversion of 6,250 shares of Class B Common Stock into Class A Common Stock.
- Yarbrough also disposed of 17,073 shares of Class A Common Stock at a price of $12.55 to cover tax liabilities related to the vesting of restricted stock units.
- Additionally, Yarbrough acquired 28,900 shares of Class A Common Stock.
- Following these transactions, Yarbrough directly owns 193,606 shares of Class A Common Stock and indirectly owns 192,950 shares through the Yarbrough Family Trust.
- He also holds various Restricted Stock Units (RSUs) representing the right to receive Class A and Class B Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions related to compensation and tax obligations.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into insider activity but doesn't necessarily indicate broader industry trends.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| March 23, 2017 | Date of the Yarbrough Family Trust |
| August 25, 2021 | RSU vested as to 25% of the total shares |
| March 15, 2022 | RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on this date until fully vested |
| March 15, 2023 | RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on this date until fully vested |
| March 15, 2024 | Date of the reported transactions, including stock conversion, disposal, and acquisition; RSUs vest as to 1/16 of the total shares quarterly beginning on this date until fully vested |
| March 19, 2024 | Date of signature for the Form 4 filing |
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