ZoomInfo (NASDAQ: GTM) counsel trades shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZoomInfo Technologies Inc. General Counsel and Corporate Secretary Ashley McGrane exercised restricted stock units and made a small share sale. On May 1, 2026, she converted 5,986 restricted stock units into common shares, with 1,757 shares withheld to cover taxes. On May 4, 2026, she sold 1,057 common shares in an open‑market transaction at $6.585 per share under a Rule 10b5‑1 trading plan, and now directly holds 80,044 common shares. Overall, the filing shows routine equity compensation vesting with a modest net reduction in her share count from a small sale and tax‑related withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,057 shares ($6,960)
Net Sell
4 txns
Insider
McGrane Ashley
Role
General Counsel and Corp Sec
Sold
1,057 shs ($7K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,057 | $6.585 | $7K |
| Exercise | Restricted Stock Units | 5,986 | $0.00 | -- |
| Exercise | Common Stock | 5,986 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,757 | $6.25 | $11K |
Holdings After Transaction:
Common Stock — 80,044 shares (Direct, null);
Restricted Stock Units — 59,867 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. Reflects shares withheld to cover the Reporting Person's tax liability in connection with the vesting of the restricted stock units reported herein. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan. The Reporting Person received an original grant of restricted stock units on October 22, 2024, which vest as follows: (a) 25% on November 1, 2025; and (b) the remainder of the award in equal quarterly installments during the 36 months following November 1, 2025.
Key Figures
Open-market sale: 1,057 shares at $6.585
RSUs exercised: 5,986 units
Tax withholding shares: 1,757 shares at $6.25
+2 more
5 metrics
Open-market sale
1,057 shares at $6.585
Common Stock sale on May 4, 2026
RSUs exercised
5,986 units
Restricted stock units converted on May 1, 2026
Tax withholding shares
1,757 shares at $6.25
Shares withheld to cover tax liability on vesting
Shares held after transactions
80,044 shares
Direct common stock ownership following Form 4 trades
Net buy/sell shares
-1,057 shares
Net sell direction across reported common stock trades
Key Terms
restricted stock unit, Rule 10b5-1 trading plan, tax-withholding disposition
3 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Rule 10b5-1 trading plan financial
"The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
tax-withholding disposition financial
"Reflects shares withheld to cover the Reporting Person's tax liability"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did ZoomInfo (GTM) General Counsel Ashley McGrane report in this Form 4?
Ashley McGrane reported RSU vesting, tax withholding, and a small stock sale. She exercised 5,986 restricted stock units, had 1,757 shares withheld for taxes, and sold 1,057 shares, reflecting routine equity compensation activity and portfolio management.
Were Ashley McGrane’s ZoomInfo (GTM) trades made under a Rule 10b5-1 plan?
Yes. A footnote states the reported transaction was effected pursuant to a Rule 10b5‑1 trading plan. Such pre‑arranged plans schedule trades in advance, helping separate routine liquidity or diversification sales from discretionary, market‑timed decisions by insiders.
What role did tax withholding play in Ashley McGrane’s ZoomInfo (GTM) Form 4?
The filing shows 1,757 shares were withheld to cover her tax liability on RSU vesting. This tax‑withholding disposition is coded as an F transaction and is not an open‑market sale, but rather shares delivered back to satisfy income tax obligations.
What equity award activity did Ashley McGrane report for ZoomInfo (GTM)?
She reported the conversion of 5,986 restricted stock units into common shares at a conversion price of $0.00. Each RSU represented a right to one share of common stock, reflecting standard equity compensation vesting rather than a cash purchase on the open market.