Form 4: Zeta Global Holdings CEO David Steinberg Reports Share Transfer for Estate Planning

David Steinberg, CEO of Zeta Global Holdings, reports a transfer of 1,932,331 Class A Common Stock shares to a trust for estate and tax planning purposes on May 9, 2025.

Summary

• On May 9, 2025, David Steinberg, CEO of Zeta Global Holdings, filed a Form 4 with the SEC.
• The filing reports a transfer of 1,932,331 shares of Class A Common Stock.
• These shares were transferred to a trust managed by an independent trustee.
• The purpose of the transfer is for trust, estate, and tax planning.
• The trust will also be used to satisfy any tax withholding obligations arising from the vesting of certain restricted stock awards.
• After the transaction, Steinberg directly owns 66,075 shares of Class A Common Stock.
• Steinberg also indirectly owns 3,147,169 shares through ACI Investment Partners, LLC, where he is the manager.
• Additionally, 52,812 shares are indirectly owned by Steinberg's spouse.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to insider transactions. The sentiment is neutral as it primarily reflects administrative actions for estate planning purposes. The transfer to a trust is a positive sign of long-term planning.

Positives

• The share transfer is for estate and tax planning purposes, which is a common and prudent financial strategy for executives.
• The establishment of a trust to handle tax withholding obligations related to restricted stock awards can simplify tax management.

Management Comments

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

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like CEOs and directors, make transactions involving the company's securities. These filings provide transparency into insider activity and can be monitored by investors for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The reported transaction is similar to those of executives at comparable companies who engage in estate planning and tax optimization strategies.
• The level of detail provided in the filing is consistent with SEC requirements and industry norms.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a transfer for estate planning purposes and does not represent a sale of shares on the open market.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Zeta Global Holdings, David Steinberg, Class A Common Stock, Beneficial Ownership, SEC Filing, ACI Investment Partners, Estate Planning, Trust