Form 4: ZoomInfo Technologies Inc. Executive Ali Dasdan Reports Stock Transactions

Ali Dasdan, Chief Technology Officer of ZoomInfo Technologies Inc., reports the vesting of restricted stock units, tax withholding, and sale of common stock.

Summary

• On June 1, 2024, Ali Dasdan, the Chief Technology Officer of ZoomInfo Technologies Inc., had 39,729 restricted stock units vest, which converted into common stock.
• A portion of the shares (16,281) were withheld to cover tax liabilities at a price of $12.28 per share.
• On June 4, 2024, Dasdan sold 5,862 shares of common stock at a weighted average price of $11.8976 per share, with individual transactions ranging from $11.80 to $12.07.
• Following these transactions, Dasdan directly owns 87,540 shares of ZoomInfo Technologies Inc.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by an executive, with no inherent positive or negative implications for the company's overall performance.

Future Outlook

The remaining restricted stock units will vest in equal quarterly installments over the 30 months following September 1, 2023.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is closely monitored by investors for signals about a company's prospects.

Comparison to Industry Standards

• Comparing Ali Dasdan's transactions to other technology executives' filings, the vesting and subsequent sale of shares are typical forms of compensation and liquidity events.
• Similar to executives at companies like Salesforce (CRM) or Workday (WDAY), ZoomInfo's executives often have a significant portion of their compensation tied to equity.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
• The vesting of restricted stock units incentivizes the executive to continue contributing to the company's success.

Key Dates