Form 4: ZipRecruiter Legal Officer Sells Shares

ZipRecruiter's EVP and Chief Legal Officer, Ryan T. Sakamoto, sold 2,169 shares of Class A Common Stock under a pre-arranged trading plan.

Summary

• Ryan T. Sakamoto, Executive Vice President and Chief Legal Officer of ZipRecruiter, Inc. (ZIP), reported the sale of 2,169 shares of Class A Common Stock.
• The transaction occurred on August 18, 2025, at a weighted average price of $4.3833 per share.
• The shares were sold in multiple transactions with prices ranging from $4.32 to $4.49 per share.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Sakamoto on September 11, 2024.
• Following the reported transaction, Mr. Sakamoto directly beneficially owns 115,473 shares of Class A Common Stock.
• Additionally, Mr. Sakamoto indirectly beneficially owns 77,700 shares through the Sakamoto Living Trust dated January 5, 2015, for which he is trustee and beneficiary.

Sentiment

Score: 5

Explanation: The sale of shares by an executive, while reducing insider ownership, was conducted under a pre-arranged Rule 10b5-1 trading plan adopted well in advance (September 2024 for an August 2025 transaction). This indicates it was not based on new material non-public information and is a routine liquidity event. The amount sold is also relatively small compared to total holdings.

Negatives

• The transaction represents a reduction in direct insider ownership, although it was a pre-planned sale under a Rule 10b5-1 plan.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing reports an individual executive's stock transaction and does not provide broader industry context or trends.

Related Party Transactions

• Indirect beneficial ownership of 77,700 shares is held by the Sakamoto Living Trust, of which the Reporting Person is trustee and beneficiary.

Stakeholder Impact

• Shareholders may note a minor reduction in direct insider ownership, but the pre-planned nature of the sale under a Rule 10b5-1 plan suggests it is not indicative of a change in company prospects.

Key Dates

Recommendation

This Form 4 reports a pre-scheduled insider sale under a Rule 10b5-1 plan, which was established well in advance of the transaction date. Such sales are typically for personal financial planning and do not reflect a change in the executive's outlook on the company's prospects. The relatively small number of shares sold compared to the executive's total holdings does not provide a basis for altering an investment recommendation.

Keywords

ZipRecruiter, ZIP, Insider Sale, Form 4, Ryan Sakamoto, Stock Transaction, 10b5-1 Plan, Executive Compensation