ZipRecruiter Expects to Begin Trading on the New York Stock Exchange on May 26, 2021

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Company Also Announces Update Regarding Conversion of Shares of Class B Common Stock to Shares of Class A Common Stock

Santa Monica, CA – ZipRecruiter, Inc. (“ZipRecruiter”), announced that, as of May 21, 2021, there were 73.8 million shares of Class A common stock outstanding and 30.8 million shares of Class B common stock outstanding. Each outstanding share of Class B common stock is convertible, at any time, at the option of the holder, into one share of Class A common stock.

ZipRecruiter also announced that, as of May 21, 2021, ZipRecruiter had a fully diluted capitalization of 133.1 million shares of Class A common stock and Class B common stock. This fully diluted capitalization share count includes (a) the shares of Class A common stock and Class B common stock outstanding, (b) all shares of Class A common stock and Class B common stock reserved for issuance with respect to outstanding stock options and restricted stock units, and (c) shares of Class B common stock expected to be issued upon conversion of outstanding convertible promissory notes, but does not include shares of Class A common stock and Class B common stock reserved for future issuance for future grants

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