Form 4: ZipRecruiter EVP Vests RSUs, Covers Tax Obligations

ZipRecruiter's EVP, Chief People Officer, Amy Garefis, acquired shares through RSU vesting and simultaneously disposed of a portion to cover tax obligations.

Summary

• Amy Garefis, EVP, Chief People Officer of ZipRecruiter, Inc. (ZIP), reported transactions on December 15, 2025, related to the vesting of Restricted Stock Units (RSUs).
• A total of 16,968 shares of Class A Common Stock were acquired through the vesting of RSUs at an exercise price of $0.
• Concurrently, 8,765 shares of Class A Common Stock were disposed of at a price of $5.2 per share to satisfy tax withholding obligations arising from the RSU vesting.
• The disposition for tax purposes amounted to $45,578 (8,765 shares * $5.2/share).
• Following these transactions, Amy Garefis directly beneficially owns 216,957 shares of Class A Common Stock.
• Additionally, Amy Garefis holds 131,469 unvested Restricted Stock Units across various grants, which represent a contingent right to receive one share of Class A Common Stock per RSU upon settlement.

Sentiment

Score: 5

Explanation: The filing reports a routine executive compensation event (RSU vesting and tax withholding) with no material positive or negative implications for the company's operational or financial performance. It is a neutral, expected transaction.

Positives

• The vesting of Restricted Stock Units indicates continued service and compensation for a key executive, aligning management's interests with shareholders.
• The acquisition of 16,968 shares through RSU vesting at a $0 exercise price represents a significant compensation event for the executive.

Negatives

• The disposition of 8,765 shares, while for tax purposes, reduces the executive's direct beneficial ownership of Class A Common Stock by that amount.

Risks

• NA

Future Outlook

This Form 4 filing does not provide forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports an executive's insider transaction.

Industry Context

This filing is a routine insider transaction report, common for executives receiving equity compensation. It does not provide insights into broader industry trends or competitive landscape, focusing solely on an individual's stock ownership changes.

Comparison to Industry Standards

• The practice of executives receiving Restricted Stock Units (RSUs) as part of their compensation package is a standard industry practice across publicly traded companies, particularly in the technology sector.
• The disposition of shares to cover tax liabilities upon RSU vesting (a 'sell-to-cover' transaction) is also a common and expected mechanism for managing the tax implications of equity compensation, consistent with practices at companies like Google (GOOGL), Meta (META), and Microsoft (MSFT).

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and is unlikely to have a significant direct impact on the company's share price or long-term value. It reflects standard executive compensation practices.
• Employees: No direct impact on general employees is indicated by this filing.
• Management: The vesting and subsequent tax-related disposition are part of the executive's compensation structure, reinforcing alignment with company performance.

Next Steps

• Future vesting of the remaining 131,469 Restricted Stock Units will occur according to their respective quarterly schedules, subject to the reporting person's continued service.

Key Dates

Keywords

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