Form 4: HSKB Funds II, LLC Distributes ZoomInfo Shares to Employees
SEC Form 4 Filing
HSKB Funds II, LLC, a 10% owner of ZoomInfo Technologies Inc., distributed 26,684 shares of common stock to ZoomInfo employees on November 1, 2024.
Summary
- HSKB Funds II, LLC, a 10% owner of ZoomInfo Technologies Inc., reported a transaction on November 1, 2024.
- The transaction involved the distribution of 26,684 shares of ZoomInfo common stock.
- These shares were distributed to one or more employees of ZoomInfo and its subsidiaries.
- Following the transaction, HSKB Funds II, LLC still beneficially owns 751,099 shares of ZoomInfo common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock distribution to employees) with no apparent positive or negative implications for the company's financial health or future prospects.
Industry Context
Stock distributions to employees are a common practice in publicly traded companies as part of compensation and incentive programs.
Stakeholder Impact
- Employees receiving the stock distribution benefit from equity ownership in the company.
- Shareholders may experience minor dilution due to the increase in outstanding shares, but the impact is likely insignificant given the relatively small number of shares distributed.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of the stock distribution transaction. |
| 11/05/2024 | Date of the Form 4 filing. |
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