TRAVERS DAVID 4
4 · ZIPRECRUITER, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
ZipRecruiter President David Travers Exercises RSUs, Surrenders Shares
What Happened
- David Travers, President and interim CFO of ZipRecruiter (ZIP), had RSUs vest and converted into 68,720 shares on March 15, 2026. Of those, 38,422 shares were surrendered to the company to satisfy federal and state tax withholding obligations, valued at $2.83 per share for a total of $108,734. The RSU settlements show acquisition (code M) of shares and a disposition (code F) for the tax-withholding surrender. This was a withholding-to-cover-taxes transaction (routine), not an open-market sale.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely within the 2-business-day window).
- RSU settlement: 68,720 shares were issued (aggregated from multiple RSU tranche conversions). Per-share acquisition price recorded as $0.00 (RSUs convert to shares on vesting).
- Tax withholding: 38,422 shares surrendered at $2.83/share = $108,734 (code F; exempt under Section 16b-3(e) for withholding).
- Net shares retained from this vesting event: approximately 30,298 shares (68,720 issued minus 38,422 surrendered).
- Shares owned after transaction: not specified in the filing.
- Footnotes: RSUs convert 1-for-1 into Class A common stock on settlement (F2). Vesting occurs in 1/16 quarterly tranches per grant schedules (footnotes F3–F7). F1 explains the surrendered shares were canceled by the issuer in exchange for paying the Reporting Person’s tax obligations.
- Transaction codes: M = option/derivative conversion (RSU settlement); F = payment of tax liability via withholding. No open-market sale reported.
Context
- This was a routine RSU vesting and tax-withholding transaction (a form of cashless settlement). Surrendering shares to cover taxes is common and does not indicate an open-market sell-off. For retail investors, purchases or open-market buys by insiders are typically more informative as bullish signals; this filing documents compensation vesting and tax withholding rather than a discretionary sale.
Insider Transaction Report
Form 4
TRAVERS DAVID
President and interim CFO
Transactions
- Exercise/Conversion
Class A Common Stock
2026-03-15+13,347→ 1,246,012 total - Exercise/Conversion
Class A Common Stock
2026-03-15+20,691→ 1,266,703 total - Exercise/Conversion
Class A Common Stock
2026-03-15+20,444→ 1,287,147 total - Exercise/Conversion
Class A Common Stock
2026-03-15+14,238→ 1,301,385 total - Tax Payment
Class A Common Stock
[F1]2026-03-15$2.83/sh−38,422$108,734→ 1,262,963 total - Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]2026-03-15−13,347→ 40,039 totalExercise: $0.00→ Class A Common Stock (13,347 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5][F4]2026-03-15−20,691→ 144,831 totalExercise: $0.00→ Class A Common Stock (20,691 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F6][F4]2026-03-15−20,444→ 224,880 totalExercise: $0.00→ Class A Common Stock (20,444 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F7][F4]2026-03-15−14,238→ 213,562 totalExercise: $0.00→ Class A Common Stock (14,238 underlying)
Footnotes (7)
- [F1]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units (the "RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- [F3]The RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on March 15, 2023 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- [F4]RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F5]The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2024 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- [F6]The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2025 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- [F7]The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2026 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
Signature
/s/ Michael Johnson, Attorney-in-Fact for Reporting Person|2026-03-17