secwatch.observer — SEC 8-K summary
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Issuer:     ZIPRECRUITER, INC. (ZIP)
CIK:        0001617553
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001617553-22-000034
Event type: other
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZipRecruiter expands buyback by $150M to $250M total; enters $50M ASR with Goldman
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- Board authorized additional $150M share repurchase, bringing total program to $250M.
- As of June 15, 2022, ~$6.6M remained under prior $100M authorization; now ~$156.6M available.
- Entered $50M accelerated share repurchase (ASR) with Goldman Sachs; initial delivery of ~2.6M shares by June 21, 2022.
- ASR final settlement expected by Q3 2022; discount based on VWAP during term.
- Program has no expiration; company will fund from cash and operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617553/000161755322000034/0001617553-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617553/000161755322000034/zip-20220616.htm
  HTML page:      https://secwatch.observer/filing/0001617553-22-000034

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