ZIP.NYSEZiprecruiter, INC

Form 4: ZipRecruiter Executive Sells Shares for Tax Withholding

Sentiment:

Insider Transaction Report

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ZipRecruiter's Chief Technology Officer, Boris F. Shimanaovsky, reported a disposition of Class A Common Stock to cover tax obligations related to vested Restricted Stock Units.

Summary

  • Boris F. Shimanaovsky, EVP and Chief Technology Officer of ZipRecruiter, Inc., engaged in a transaction involving Class A Common Stock on June 15, 2026.
  • The transaction involved the disposition of 19,028 shares of Class A Common Stock at a price of $3.61 per share.
  • These shares were relinquished and cancelled by the Issuer to cover federal and state tax withholding obligations arising from the vesting of Restricted Stock Units (RSUs).
  • Shimanaovsky retained 404,975 shares of Class A Common Stock following this transaction.
  • The disposition was made pursuant to an exempt transaction under Section 16b-3(e) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the stock disposition is a routine tax-related transaction and not indicative of a lack of confidence in the company's future.

Negatives

  • Disposition of company stock by a key executive, although for tax purposes, can sometimes be perceived negatively by the market.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a past transaction.

Industry Context

StockSavvy.ai notes that insider stock dispositions for tax withholding are common events, particularly following the vesting of equity awards. The specific price of $3.61 per share reflects the market value at the time of the transaction, used for calculating the tax liability.

Stakeholder Impact

  • Shareholders: The disposition is for tax purposes and does not necessarily indicate a sale based on negative company outlook. The remaining beneficial ownership by the executive is still substantial.

Key Dates

DateDescription
03/15/2023Start date for vesting and settlement of a portion of RSUs.
03/15/2024Start date for vesting and settlement of a portion of RSUs.
03/15/2025Start date for vesting and settlement of a portion of RSUs.
03/15/2026Start date for vesting and settlement of a portion of RSUs.
06/15/2026Transaction date for the disposition of Class A Common Stock to cover tax liabilities.
06/17/2026Date the Form 4 was signed by the attorney-in-fact.

Keywords

ZipRecruiter, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, Class A Common Stock, Boris F. Shimanaovsky, SEC Filing

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