Form 4: Zeta Global CEO David Steinberg Transfers Shares to Trust and Other Entities

David Steinberg, CEO of Zeta Global Holdings Corp., reports the transfer of Class A and Class B Common Stock to a trust and other entities for estate planning and tax purposes.

Summary

• David Steinberg, CEO of Zeta Global Holdings Corp., filed a Form 4 detailing changes in beneficial ownership.
• The transactions include the transfer of 111,007 Class A Common Stock and 1,829,383 Class B Common Stock to a trust managed by an independent trustee on May 22, 2024.
• Additionally, 3,000 Class A Common Stock were transferred on May 23, 2024.
• These transfers were made for trust, estate, and tax planning purposes, and to cover potential tax withholding obligations from vesting restricted stock awards.
• Steinberg also reported indirect ownership through ACI Investment Partners, LLC, IAC Investment Company IX, LLC, CAIVIS Acquisition Corp. II, family trusts, and his spouse.
• He disclaims beneficial ownership of shares held by ACI and IAC except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock transfers. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard corporate governance and compliance.

Positives

• The transfers to a trust are for estate and tax planning, which can be a proactive financial strategy.

Management Comments

• Mr. Steinberg disclaims beneficial ownership of the shares held directly by ACI and IAC except to the extent of his pecuniary interest therein, if any.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The stock transfers may have a minor impact on shareholders due to the change in ownership structure, but the CEO's overall control remains largely unchanged.

Key Dates