Form 4: HSKB Funds II Distributes ZoomInfo Shares

HSKB Funds II, a 10% owner and director of ZoomInfo Technologies Inc., distributed 123,634 shares of common stock to employees, reducing its beneficial ownership to 355,672 shares.

Summary

• HSKB Funds II, LLC, a 10% owner and director of ZoomInfo Technologies Inc. (GTM), reported changes in its beneficial ownership.
• On August 1, 2025, HSKB Funds II disposed of 19,801 shares of ZoomInfo common stock.
• On August 5, 2025, HSKB Funds II disposed of an additional 103,833 shares of ZoomInfo common stock.
• These dispositions represent a distribution of common stock to ZoomInfo employees and its subsidiaries, including shares sold to cover such employees' tax liabilities.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, HSKB Funds II, LLC beneficially owns 355,672 shares of ZoomInfo common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the distribution of shares to employees, which is generally neutral in sentiment. While it reduces the reporting person's ownership, it's not a market sale and serves an internal corporate purpose.

Positives

• The distribution of shares to employees may serve as an incentive or retention mechanism for ZoomInfo's workforce.

Negatives

• HSKB Funds II, LLC, a 10% owner and director, reduced its beneficial ownership in ZoomInfo by a total of 123,634 shares.

Management Comments

• The reported transactions reflect a distribution of ZoomInfo common stock to one or more employees of ZoomInfo and its subsidiaries, including shares sold to cover such employees' tax liabilities.

Related Party Transactions

• Distribution of common stock to ZoomInfo employees and its subsidiaries, including shares sold to cover tax liabilities, from HSKB Funds II, LLC's beneficial ownership.

Stakeholder Impact

• Shareholders: The beneficial ownership of a significant shareholder (HSKB Funds II, LLC) decreased by 123,634 shares.
• Employees: Employees of ZoomInfo and its subsidiaries received common stock, potentially enhancing their compensation and alignment with company performance.

Key Dates

Keywords

ZoomInfo, GTM, HSKB Funds II, insider transaction, Form 4, beneficial ownership, stock distribution, employee compensation