other material
confidence high
sentiment neutral
materiality 0.60
ZipRecruiter enters $50M accelerated share repurchase, initial delivery ~2.6M shares
ZIPRECRUITER, INC.
- Initial payment of $50M to Wells Fargo; initial delivery of ~2.6M Class A shares on Dec 16, 2022.
- Final repurchase based on VWAP during ASR term, less discount; expected settlement by Q1 2023.
- ASR executed under $450M board-authorized repurchase program; ~$110.7M remains for future buybacks.