SCHEDULE 13G/A: Key Insiders Update Significant Ownership Stakes in ZoomInfo Technologies

Henry Schuck, Kirk Norman Brown, and DO Holdings have filed an amended Schedule 13G, detailing their beneficial ownership in ZoomInfo Technologies Inc., collectively holding significant stakes in the company's common stock.

Summary

• Henry Schuck, CEO of ZoomInfo Technologies Inc., beneficially owns 28,844,952 shares, representing 8.4% of the common stock.
• His ownership includes 15,467,623 shares with sole voting and dispositive power, and 13,377,329 shares with shared voting and dispositive power.
• The sole ownership comprises shares held directly by Mr. Schuck (12,280,501), HSKB Funds, LLC (2,224,173), HSKB Funds II, LLC (725,573), and a grantor trust (237,376).
• Mr. Schuck has an economic interest in 1,848,514 shares held by HSKB Funds, LLC, but no economic interest in shares held by HSKB Funds II, LLC.
• DO Holdings (WA), LLC, substantially owned by Henry Schuck and Kirk Norman Brown, beneficially owns 13,377,329 shares, representing 3.9% of the common stock, all with shared voting and dispositive power.
• Kirk Norman Brown beneficially owns 20,993,943 shares, representing 6.1% of the common stock.
• His ownership includes 7,616,614 shares with sole voting and dispositive power, and 13,377,329 shares with shared voting and dispositive power, primarily through DO Holdings.
• The percentages are calculated based on 343,368,755 shares of Common Stock outstanding as of October 31, 2024, as reported in the Issuer's Third Quarter 10-Q.
• The reporting persons may be deemed members of a "group" with other stockholders (TA Stockholders, Carlyle Stockholders, Founder Stockholders, and 22C) due to a Stockholders Agreement and Irrevocable Proxy dated June 3, 2020, but disclaim beneficial ownership of shares held by these other parties.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It provides transparency regarding insider holdings but does not contain information that would inherently be positive or negative for the company's performance or outlook.

Positives

• Continued significant beneficial ownership by key insiders (CEO Henry Schuck and Kirk Norman Brown) demonstrates their vested interest in the company's long-term performance.
• The detailed breakdown of ownership provides transparency regarding control and economic interests.

Risks

• The existence of a "group" of stockholders, as defined by SEC rules, could imply coordinated voting or influence over corporate matters, potentially impacting other shareholders' influence.
• The disclaimer of beneficial ownership by the reporting persons for shares held by "Other Parties" within the group means the full extent of potential collective influence is not reflected in the individual ownership percentages.

Future Outlook

N/A. This document is a beneficial ownership report and does not contain forward-looking statements or guidance.

Industry Context

N/A. This filing is a routine disclosure of beneficial ownership by insiders and does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• Henry Schuck is the sole member of HLS Management, LLC, which manages HSKB Funds, LLC and HSKB Funds II, LLC, entities holding shares beneficially owned by Mr. Schuck.
• DO Holdings (WA), LLC is substantially owned by Henry Schuck and Kirk Norman Brown, indicating a direct relationship between the reporting persons and this entity's holdings.

Stakeholder Impact

• Shareholders: The significant insider ownership and potential group formation could provide stability through committed leadership but also concentrate voting power, potentially limiting the influence of minority shareholders.

Key Dates

Keywords

ZoomInfo Technologies Inc., ZINT, Schedule 13G, Beneficial Ownership, Henry Schuck, Kirk Norman Brown, DO Holdings, Insider Ownership, SEC Filing, Common Stock, Corporate Governance