Form 4: HSKB Funds II, LLC Reduces Stake in ZoomInfo Technologies Inc. Through Stock Distribution
SEC Filing
HSKB Funds II, LLC reports a distribution of 10,576 shares of ZoomInfo Technologies Inc. common stock to employees, reducing their holdings to 809,211 shares.
Summary
- HSKB Funds II, LLC, a 10% owner of ZoomInfo Technologies Inc., filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on August 1, 2024.
- HSKB Funds II, LLC distributed 10,576 shares of ZoomInfo common stock.
- The distribution was made to one or more employees of ZoomInfo and its subsidiaries.
- Following the transaction, HSKB Funds II, LLC beneficially owns 809,211 shares of ZoomInfo common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing reporting a stock distribution, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.
Stakeholder Impact
- The stock distribution may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of the stock distribution transaction. |
| 08/05/2024 | Date of the Form 4 filing. |
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