SCHEDULE: HighSage Ventures & Stier Boost ZoomInfo Stake

HighSage Ventures LLC and Jennifer Stier have disclosed significant beneficial ownership in ZoomInfo Technologies Inc. for investment purposes, signaling potential future engagement.

Summary

• HighSage Ventures LLC and Jennifer Stier (Reporting Persons) have filed a Schedule 13D regarding their beneficial ownership in ZoomInfo Technologies Inc. (Issuer).
• HighSage Ventures LLC beneficially owns 12,479,835 shares of Common Stock, representing approximately 3.9% of the Issuer's outstanding shares.
• Jennifer Stier beneficially owns 16,910,148 shares of Common Stock, representing approximately 5.3% of the Issuer's outstanding shares.
• The aggregate cost of the shares reported is approximately $195.3 million, funded by the working capital of various limited liability companies managed by the Reporting Persons.
• The ownership percentages are based on 318,630,783 shares of Common Stock outstanding as of July 31, 2025, as reported in the Issuer's Form 10-Q.
• The Reporting Persons acquired the Common Stock for investment purposes and may engage in further purchases, sales, or discussions regarding the Issuer's operations, governance, and control.

Sentiment

Score: 8

Explanation: The filing indicates a significant and recent accumulation of shares by the Reporting Persons for investment purposes, with an intent to potentially increase their stake and engage with management on governance and operations. This suggests a strong positive outlook from the investors' perspective.

Positives

• Significant investment by HighSage Ventures LLC and Jennifer Stier, indicating confidence in ZoomInfo's value and future prospects.
• Owen Wurzbacher, Chief Investment Officer of HighSage Ventures LLC, serves on ZoomInfo's Board of Directors, providing direct insight and potential influence.
• Reporting Persons may purchase additional shares, signaling potential continued accumulation and belief in the company's long-term potential.

Risks

• The Reporting Persons may effect purchases of shares through margin accounts, which could involve pledging shares as collateral security for repayment of debit balances.
• The Reporting Persons may sell all or a portion of their beneficially owned shares, which could exert downward pressure on the stock price.

Future Outlook

The Reporting Persons acquired the shares for investment purposes and intend to periodically review their investment in ZoomInfo. They may purchase additional shares or related derivatives, sell existing holdings, propose directors for the Board, and engage in communications with various stakeholders regarding ZoomInfo's operations, governance, and control.

Industry Context

This filing details a significant stake acquisition by a financial entity in a publicly traded technology company, a common strategy for investors seeking to influence corporate direction or capitalize on perceived market opportunities. The investment suggests a positive long-term view of ZoomInfo's position within its industry, although specific industry trends or competitive analyses are not provided in the filing.

Corporate Governance

Related Party Transactions

• Joint Filing Agreement between HighSage Ventures LLC and Jennifer Stier, dated August 21, 2025, for the joint filing of Schedule 13D statements.

Stakeholder Impact

• Shareholders: Increased institutional ownership and potential for active shareholder engagement, which could influence stock performance and corporate strategy.
• Management/Board: Potential for increased scrutiny and engagement from a significant shareholder, including discussions on operations, governance, and control, and potential board nominations.

Next Steps

• Reporting Persons may purchase additional shares of Common Stock, options, or related derivatives in the open market or privately negotiated transactions.
• Reporting Persons may sell all or a portion of their beneficially owned shares or derivatives.
• Reporting Persons may propose one or more directors for ZoomInfo's Board.
• Reporting Persons may engage in communications with ZoomInfo shareholders, officers, directors, and advisors regarding operations, governance, and control.
• Reporting Persons may formulate other plans or proposals related to ZoomInfo.

Key Dates

Recommendation

The filing reveals a substantial and recent accumulation of shares by sophisticated investors (HighSage Ventures LLC and Jennifer Stier) who have a representative on the company's board. Their stated purpose is 'investment purposes,' and they explicitly mention the possibility of purchasing additional shares, proposing directors, and engaging with management on operations and governance. This indicates a strong conviction in ZoomInfo's value and a potential catalyst for improved performance or strategic shifts, making it a compelling 'strong buy' signal from an institutional perspective.

Keywords

ZoomInfo Technologies Inc., HighSage Ventures LLC, Jennifer Stier, Schedule 13D, Beneficial Ownership, Investment, Corporate Governance, Shareholder Activism, ZINT