Form 4: ZoomInfo Interim CFO Reports Routine Equity Vesting and Tax-Related Share Sales

ZoomInfo Technologies Inc.'s Interim CFO, Michael Graham O'Brien, reported the vesting of restricted stock units and phantom units, alongside corresponding share sales to cover tax obligations.

Summary

• Michael Graham O'Brien, Interim CFO of ZoomInfo Technologies Inc. (GTM), reported transactions on June 1, 2025, related to the vesting of equity awards.
• A total of 1,288 shares of Common Stock were acquired through the conversion of Restricted Stock Units (RSUs) and HSKB Phantom Units.
• Specifically, 240, 213, and 328 shares were acquired from RSU vestings, and 507 shares were acquired from HSKB Phantom Unit vestings.
• Concurrently, 430 shares of Common Stock were disposed of at a price of $9.55 per share to cover the reporting person's tax liabilities associated with these vestings (261 shares for RSU taxes and 169 shares for HSKB Phantom Unit taxes).
• Following these transactions, Mr. O'Brien directly beneficially owns 48,078 shares of Common Stock.
• Remaining derivative holdings include 240, 1,069, and 1,967 Restricted Stock Units, and 1,013 HSKB Phantom Units, which are subject to future vesting schedules.

Sentiment

Score: 7

Explanation: The document reports routine executive compensation events (equity vesting) which are generally positive for executive retention and alignment with shareholder interests, offset by standard tax-related share sales. It does not indicate any negative operational or financial news for the company.

Positives

• The vesting of Restricted Stock Units and HSKB Phantom Units represents a realization of compensation for the Interim CFO, aligning executive interests with shareholder value.
• The acquisition of 1,288 shares of Common Stock through vesting increases the executive's direct ownership in the company, demonstrating continued commitment.

Negatives

• A total of 430 shares were sold at $9.55 per share to cover tax liabilities, resulting in a reduction of the executive's direct shareholdings.

Future Outlook

The document indicates that the remaining Restricted Stock Units and HSKB Phantom Units will continue to vest in equal quarterly installments following December 1, 2024, implying future acquisitions of common stock by the reporting person.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, common across publicly traded companies, reflecting the compensation structure for executives through equity awards. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine compensation-related transactions, not discretionary sales or large new grants that would significantly alter ownership structure or market perception.
• Employees: Reflects standard equity compensation practices for executives, which can be a benchmark for broader employee equity programs.

Next Steps

• Continued vesting of the remaining Restricted Stock Units and HSKB Phantom Units according to their respective schedules (9, 12, 21, and 24 months following December 1, 2024).

Key Dates

Keywords

ZoomInfo Technologies Inc., GTM, SEC Form 4, Insider Transaction, Equity Vesting, Restricted Stock Units, Phantom Units, Executive Compensation, Share Ownership, Tax Withholding