ZipRecruiter Appoints Carmen Chan as Chief Financial Officer Effective August 17, 2026

Executive Leadership Transition at ZipRecruiter

ZipRecruiter's Board of Directors formalized the appointment of Carmen Chan to the Chief Financial Officer position on July 26, 2026, with an effective date of August 17, 2026. This move represents a significant transition in the company's financial leadership, as David Travers, who has served as interim Chief Financial Officer, will transition back to his role as President without the interim CFO responsibilities. The disclosure states that Ms. Chan, age 40, will assume the principal financial officer duties at the recruitment technology company headquartered in Santa Monica, California.

The appointment reflects the company's decision to bring experienced external financial leadership to guide its operations. Ms. Chan's career trajectory demonstrates substantial exposure to corporate finance, strategic transactions, and investor engagement across both the banking and corporate sectors. Her transition from interim to permanent leadership represents a strategic staffing decision by the Board to establish continuity in financial oversight while ensuring robust expertise in capital markets and financial strategy.

Carmen Chan's Professional Background and Qualifications

Ms. Chan's professional experience spans investment banking, corporate development, and business strategy across multiple sectors and geographies. Most recently, she served as a Managing Director at Barclays from September 2023 to May 2026, where she advised technology and internet companies on financing and strategic transactions. Prior to that role, from March 2021 to August 2023, she held the position of Vice President of Corporate Development and Investor Relations at Noom, a digital health company, where she focused on corporate strategy and capital markets engagement.

Earlier in her career, Ms. Chan accumulated significant investment banking experience across multiple institutions. From February 2016 to March 2021, she held investment banking roles within the technology, media and telecommunications group at Goldman Sachs, providing advisory services to public and private companies in growth sectors. From April 2014 to December 2015, she served as Head of Revenue and Business Development at theSkimm, a digital media company, where she led commercial strategy initiatives. She also spent more than three years in investment banking roles at UBS between February 2011 and April 2014, working in both London and Sydney offices. Ms. Chan holds a Bachelor of Laws, a Bachelor of Commerce, and a Bachelor of International Relations from the University of Adelaide.

Compensation Structure and Equity Awards

Ms. Chan's compensation package, as outlined in her offer letter, establishes a multi-component structure designed to align her interests with company performance. The disclosure specifies that she will receive an annual base salary of $500,000 and will be eligible to receive an annual bonus pursuant to the Company's Annual Executive Incentive Plan based on performance metrics established by the Compensation Committee, with a guaranteed minimum 2026 annual bonus of $100,000. Additionally, she will receive an onboarding bonus in the amount of $200,000, payable in two installments at 90 days and 180 days following her commencement of employment, generally subject to her continued employment through each payment date.

The equity compensation component of Ms. Chan's offer is substantial. She was granted a total of 650,000 restricted stock units pursuant to the Company's 2021 Equity Incentive Plan. The filing indicates that 500,000 of these RSUs will vest over a four-year period subject to continued service, with 25 percent vesting on the first quarterly vesting date following the one-year anniversary of the grant date and an additional one-sixteenth vesting on each subsequent quarterly vesting date until fully vested. The remaining 150,000 RSUs are performance-based and will vest, if at all, subject to continued service over a four-year period and the achievement of a stock price metric consistent with that applicable to certain other executive officers of the Company.

Additional Employment Benefits and Relocation Support

The offer letter provided to Ms. Chan includes relocation support to facilitate her transition to ZipRecruiter's Santa Monica headquarters. The filing discloses that she is eligible for up to $100,000 in relocation reimbursements, with this amount to be grossed-up to the extent it is taxable to her, ensuring that the reimbursement covers both direct and tax-related moving expenses. This provision reflects the company's commitment to attracting experienced external talent and acknowledges the geographic relocation involved in Ms. Chan's transition from her prior role.

Ms. Chan's employment arrangement with ZipRecruiter is structured on an "at will" basis, consistent with standard executive employment practices. In connection with her role, the disclosure indicates that Ms. Chan will enter into the Company's standard change in control and severance agreement for executives, and will also execute the Company's standard form of indemnification agreement. The filing notes that the complete terms of the offer letter will be included as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, providing additional transparency regarding the full scope of employment terms and conditions.

No Related-Party Relationships or Material Conflicts

The disclosure confirms that there are no family relationships, as defined in Item 401 of Regulation S-K, between Ms. Chan and any of ZipRecruiter's directors or executive officers. The filing also states that Ms. Chan has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Additionally, the announcement confirms that there are no other arrangements or understandings between Ms. Chan and any other persons pursuant to which she was appointed as Chief Financial Officer, indicating a straightforward appointment process consistent with standard corporate governance practices.

The absence of related-party complications or undisclosed arrangements underscores the independence of the Board's decision-making process in selecting external financial leadership. This clarity regarding governance and transaction transparency is relevant to investors evaluating the integrity and accountability of the company's executive appointment process.

David Travers' Transition and Continued Leadership Role

David Travers, who has served as interim Chief Financial Officer, will continue in his capacity as President of ZipRecruiter effective August 17, 2026, but will no longer hold the interim CFO title or serve as principal financial officer. This transition reflects a deliberate Board decision to separate the Chief Financial Officer and President roles, with distinct individuals leading each function. Travers' continued presence in the President role ensures continuity in operational and strategic leadership while allowing dedicated focus on financial stewardship under new CFO leadership.

The filing does not disclose details regarding the duration of Travers' tenure as interim CFO or any prior announcements regarding the CFO search process. However, the appointment of Ms. Chan effectively concludes the interim period and establishes permanent financial leadership at the executive level.

Indemnification and Governance Standards

In accordance with standard corporate governance practices, Ms. Chan will enter into ZipRecruiter's standard form of indemnification agreement for executives. The filing references that this agreement is attached as Exhibit 10.1 to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the Securities and Exchange Commission on February 25, 2026. This indemnification agreement is designed to protect executive officers from personal liability in certain circumstances while fulfilling their duties on behalf of the company.

The indemnification framework is standard across publicly traded companies and reflects standard risk allocation between the company and its executive officers. By incorporating this existing agreement into Ms. Chan's employment, ZipRecruiter ensures consistent governance standards across its executive cohort.

Public Announcement and Disclosure Timing

ZipRecruiter issued a press release on July 28, 2026, captioned "ZipRecruiter Appoints Carmen Chan as Chief Financial Officer," which was incorporated into this disclosure as Exhibit 99.1. The press release provides public notification of the appointment approximately two days following the Board's approval and roughly three weeks before the August 17, 2026 effective date, providing a reasonable period for market awareness and preparation ahead of the transition.

The timing of the disclosure through both the Form 8-K filing and simultaneous press release reflects standard public company practice for material executive appointments. The disclosure documentation, including the press release, is available through the SEC's EDGAR system and provides investors with comprehensive information regarding the leadership transition.

Forward-Looking Statements and Risk Considerations

The disclosure includes a cautionary statement regarding forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The filing notes that statements regarding the anticipated timing of Ms. Chan's appointment as Chief Financial Officer and the effective date on which Mr. Travers will no longer serve as interim CFO are forward-looking statements. These statements are described as not guarantees of future performance and are based on management's expectations and assumptions that are inherently subject to uncertainties, risks, and changes in circumstances.

The disclosure directs investors to ZipRecruiter's Annual Report on Form 10-K for the year ended December 31, 2025, and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, for discussion of risk factors that could cause actual results to differ materially from forward-looking statements. Investors may wish to review these prior filings for comprehensive risk assessment related to the company's operations and competitive position.