Form 4: Zeta Global Holdings CEO David Steinberg Reports Significant Share Transfers

Zeta Global Holdings CEO David Steinberg reported multiple transactions involving the transfer of Class A and Class B common stock, including transfers to trusts and a charitable annuity.

Summary

• David Steinberg, CEO of Zeta Global Holdings, reported several transactions involving Class A and Class B common stock on December 12, 2024.
• These transactions include transfers of shares to a trust managed by an independent trustee, family trusts, a charitable annuity trust, and a spouse.
• A significant portion of the transactions involved ACI Investment Partners, LLC, where Mr. Steinberg is the managing member.
• The reported transactions also include transfers of Class B common stock, which is convertible to Class A common stock on a one-to-one basis under certain conditions.
• The transactions were primarily transfers and did not involve any purchase or sale of shares for cash.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing share transfers, which is neither positive nor negative for the company's performance. It is a neutral event.

Risks

• The transactions involve complex ownership structures, including trusts and LLCs, which could make it difficult to track the ultimate beneficial ownership of the shares.
• The conversion of Class B common stock to Class A common stock could potentially dilute the value of existing Class A shares.

Industry Context

This filing is a routine disclosure of insider transactions and does not indicate any specific trend in the broader industry. It is common for executives to manage their holdings through trusts and other entities for tax and estate planning purposes.

Comparison to Industry Standards

• The reported transactions are typical for executives of publicly traded companies and are consistent with standard practices for managing personal holdings.
• Similar transactions are often seen in filings from other technology companies where executives use trusts and LLCs for estate and tax planning.

Related Party Transactions

• The transactions involve ACI Investment Partners, LLC, where Mr. Steinberg is the managing member, which is a related party transaction.

Stakeholder Impact

• The share transfers do not have a direct impact on the company's operations or financial performance.
• The transactions may be of interest to shareholders as they provide insight into the ownership structure and management's holdings.

Key Dates

Keywords

Zeta Global Holdings, David Steinberg, Class A Common Stock, Class B Common Stock, Share Transfer, Beneficial Ownership, ACI Investment Partners, Trusts, SEC Form 4