Form 4: Zeta Global Holdings Corp. President & COO Transfers Shares to Trust

Steven H. Gerber, President & COO of Zeta Global Holdings Corp., transferred shares to a trust for estate and tax planning purposes.

Summary

• On May 22, 2024, Steven H. Gerber, the President & COO of Zeta Global Holdings Corp., transferred Class A Common Stock to a trust.
• The transaction involved the transfer of 566,920 shares.
• Following the transaction, Mr. Gerber directly owns 0 shares and indirectly owns 1,621,257 shares through the Evergreen Revocable Trust.
• The transfer was made to a trust managed by an independent trustee for trust, estate, and tax planning purposes, and to cover tax withholding obligations from vesting restricted stock awards.

Sentiment

Score: 7

Explanation: The transaction is a routine transfer of shares for personal financial planning and doesn't inherently reflect positive or negative sentiment towards the company's performance. The large number of shares transferred indicates a significant personal stake in the company's success.

Industry Context

Executive share transfers to trusts are a common practice for estate and tax planning, and do not necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The transfer of shares to a trust has minimal direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates