Form 4: HSKB Funds II Distributes ZoomInfo Common Stock to Employees

HSKB Funds II, a 10% owner of ZoomInfo Technologies Inc., reported a distribution of 13,945 shares of common stock to ZoomInfo employees, including shares sold for tax liabilities.

Summary

• HSKB Funds II, LLC, a 10% owner of ZoomInfo Technologies Inc. (GTM), reported a change in beneficial ownership.
• On June 1, 2025, HSKB Funds II disposed of 13,945 shares of ZoomInfo Common Stock.
• The transaction was a distribution (Transaction Code 'J') with a reported price of $0 per share, indicating it was not a cash sale.
• This distribution reflects shares given to one or more employees of ZoomInfo and its subsidiaries.
• The reported amount includes shares sold to cover the employees' tax liabilities associated with this distribution.
• Following this transaction, HSKB Funds II, LLC beneficially owns 493,216 shares of ZoomInfo Common Stock.

Sentiment

Score: 6

Explanation: The transaction is a disposition by a 10% owner, which could be seen negatively, but the explanation clarifies it's a distribution to employees for incentive purposes, which is generally a neutral to slightly positive event for the company's internal dynamics. The $0 price confirms it's not a market sale.

Positives

• The distribution of shares to employees can serve as an incentive, potentially aligning employee interests with the company's long-term performance.
• The transaction clarifies that the disposition by HSKB Funds II was not a market sale for profit but an internal distribution related to employee compensation/incentives.

Negatives

• The disposition of shares by a 10% owner, even if for employee distribution, reduces their direct beneficial ownership.

Future Outlook

NA

Management Comments

• Reflects a distribution of Common Stock of ZoomInfo Technologies Inc. ("ZoomInfo") to one or more employees of ZoomInfo and its subsidiaries, including shares sold to cover such employees' tax liabilities in connection with the distribution of the securities reported herein.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a distribution of shares by a significant shareholder to company employees. Such distributions are common mechanisms for employee equity compensation across various industries, aiming to incentivize and retain talent.

Related Party Transactions

• The distribution of shares by HSKB Funds II, LLC (a 10% owner) to employees of ZoomInfo and its subsidiaries can be considered a related party transaction, as it involves entities and individuals closely associated with the company.

Stakeholder Impact

• Employees: Directly benefit from receiving shares, which can enhance their compensation and align their interests with company performance.
• Shareholders: Experience a minor dilution from the distributed shares, but the overall impact is likely minimal given the relatively small number of shares involved compared to total outstanding shares.

Key Dates

Keywords

ZoomInfo Technologies Inc., GTM, HSKB Funds II LLC, SEC Form 4, insider transaction, beneficial ownership, common stock, employee distribution, equity compensation