CEO Ian Siegel cancels 1.398M unvested RSUs; $7.5M non-cash charge in Q4 2023

ZIPRECRUITER, INC.

Cancellation of 1,398,000 market-based RSUs granted April 2021; none met performance milestones.
One-time non-cash compensation expense of ~$7.5M accelerated into Q4 2023.
Reduces future dilution and eliminates future expense; board may consider new equity for Siegel.
Siegel voluntarily relinquished all rights to the RSUs for no consideration.

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