SCHEDULE 13G/A: Zeta Global Holdings Corp. Discloses Significant Beneficial Ownership by CEO David A. Steinberg and Affiliates

A recent Schedule 13G filing reveals that David A. Steinberg, CEO of Zeta Global Holdings Corp., along with ACI Investment Partners, LLC, beneficially owns 11.2% and 8.9% respectively of the company's Class A Common Stock as of December 31, 2024.

Summary

• David A. Steinberg, CEO of Zeta Global Holdings Corp., beneficially owns an aggregate of 26,481,452 shares of Class A Common Stock, representing 11.2% of the class.
• This ownership includes 66,075 shares held directly by Mr. Steinberg, and a significant portion held through various entities and trusts where he has control or influence.
• Entities contributing to Mr. Steinberg's beneficial ownership include 97,438 shares issuable upon conversion of Class B common stock held by CAIVIS Acquisition Corp. II, 4,547,166 shares issuable upon conversion of Class B common stock held by IAC Investment Company IX, LLC, and 100,488 shares held by Kristen Steinberg (Mr. Steinberg's spouse).
• A substantial portion, 20,750,076 shares (comprising 18,722,582 Class B convertible and 2,027,494 Class A shares), is held by ACI Investment Partners, LLC, of which Mr. Steinberg is the manager.
• Additionally, 448,834 shares issuable upon conversion of Class B common stock are held by five irrevocable family trusts, where Mr. Steinberg is a co-trustee.
• Mr. Steinberg also shares voting power over 240,000 Class A shares held by Kristin Kuehl due to a voting agreement, though he does not have dispositive power over these shares.
• ACI Investment Partners, LLC, separately reported, beneficially owns 20,750,076 shares of Class A Common Stock, representing 8.9% of the class.
• The beneficial ownership figures are based on 213,175,179 shares of Class A Common Stock outstanding as of December 31, 2024.
• Class B common stock is convertible into Class A Common Stock on a one-to-one basis at the option of the holder.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative financial or operational news.

Positives

• The disclosure indicates significant alignment of interests between the CEO, David A. Steinberg, and the company's shareholders, as he holds a substantial stake of 11.2% in the company.
• The continued significant ownership by ACI Investment Partners, LLC (8.9%), managed by the CEO, further reinforces management's commitment to the company's performance.

Risks

• Concentration of voting power: David A. Steinberg, through direct and indirect holdings, controls a significant portion of the voting power (11.2%), which could allow him substantial influence over corporate decisions, potentially limiting the influence of other shareholders.
• Complexity of ownership structure: The beneficial ownership is spread across multiple entities (e.g., CAIVIS Acquisition Corp. II, IAC Investment Company IX, LLC, ACI Investment Partners, LLC, family trusts), which could make it complex for external parties to fully track and understand the ultimate control.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The filing details beneficial ownership by entities managed by or affiliated with David A. Steinberg (e.g., ACI Investment Partners, LLC, CAIVIS Acquisition Corp. II, IAC Investment Company IX, LLC, family trusts, and shares held by his spouse), indicating significant related party holdings and control.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding the significant ownership stake held by the CEO and affiliated entities, which can influence perceptions of control and alignment of interests.
• Management: Reinforces the CEO's substantial personal stake and influence within the company.

Key Dates

Keywords

Zeta Global Holdings Corp., beneficial ownership, Schedule 13G, Class A Common Stock, David A. Steinberg, ACI Investment Partners, SEC filing, corporate governance, shareholder ownership