HSKB Funds II, LLC (GTM) logs 9,451-share ZoomInfo restructuring and holds 241,427 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HSKB Funds II, LLC, a 10% owner of ZoomInfo Technologies Inc., reported an internal restructuring transaction involving 9,451 shares of Common Stock. A footnote explains this reflects a distribution of ZoomInfo shares to one or more employees and related sales to cover those employees' tax liabilities.
Following this distribution, HSKB Funds II, LLC is shown holding 241,427 shares of Common Stock. The filing characterizes the event as an "other acquisition or disposition" rather than an open-market buy or sell.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HSKB Funds II, LLC
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 9,451 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 241,427 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares in restructuring transaction: 9,451 shares
Shares held after transaction: 241,427 shares
Restructuring share count: 9,451 shares
+1 more
4 metrics
Shares in restructuring transaction
9,451 shares
Code J “other acquisition or disposition” of Common Stock
Shares held after transaction
241,427 shares
Common Stock owned following the reported transaction
Restructuring share count
9,451 shares
Classified in summary as restructuringShares
Transaction code
J
Other acquisition or disposition; restructuring-type event
Key Terms
Other acquisition or disposition, restructuringShares, distribution of Common Stock, tax liabilities
4 terms
Other acquisition or disposition financial
"The Form 4 labels code J as an "Other acquisition or disposition" of Common Stock."
distribution of Common Stock financial
"The footnote describes a "distribution of Common Stock" of ZoomInfo to employees."
tax liabilities financial
"The footnote notes shares sold to cover employees' tax liabilities from the distribution."
FAQ
What insider transaction did HSKB Funds II, LLC report for ZoomInfo Technologies Inc. (GTM)?
HSKB Funds II, LLC reported an “other acquisition or disposition” of 9,451 shares of ZoomInfo Common Stock. A footnote explains this was a distribution of shares to employees and related tax-coverage sales, not a typical open-market purchase or sale.
Was the HSKB Funds II, LLC ZoomInfo (GTM) transaction a buy or sell in the market?
The Form 4 classifies the event with code J as an “other acquisition or disposition,” not a standard market buy or sell. The footnote clarifies it was a distribution to employees plus related tax-coverage sales, indicating an internal restructuring-type transaction.
Why does the HSKB Funds II, LLC ZoomInfo (GTM) Form 4 mention employee tax liabilities?
The footnote states the reported transaction reflects a distribution of ZoomInfo shares to employees, including shares sold to cover those employees’ tax liabilities. This indicates part of the shares were used to satisfy taxes arising from the distribution event.