Zeta Global (ZETA) Files Form 144 for 686,726 Class A Shares
Rhea-AI Filing Summary
Zeta Global Holdings Corp. (ZETA) filed a Form 144 disclosing a proposed sale of 686,726 shares of Class A common stock through Merrill Lynch (200 Park Ave, New York) with an aggregate market value of $13,974,874.10. The filing states the shares were acquired on 04/03/2024 via estate planning transfers from the settlor of the trust for whose account the sale is being made; the donor acquired the securities on 01/01/2015. The filing lists approximately 238,040,782 shares outstanding and an approximate sale date of 09/12/2025. It also discloses a related sale in the past three months: 97,429 shares sold on 08/18/2025 for $1,900,006.77. No additional financial performance or forward guidance is provided.
Positive
- Full disclosure of proposed sale: Form 144 publicly reports the planned disposition of 686,726 Class A shares valued at $13,974,874.10.
- Broker identified: The sale is to be executed through Merrill Lynch, providing a clear execution channel.
- Acquisition origin disclosed: The securities were acquired via estate planning transfers on 04/03/2024, and donor acquisition date is provided (01/01/2015).
Negative
- None.
Insights
TL;DR: Large planned insider-related sale disclosed; transaction is notable for size but represents a small percentage of outstanding shares.
The Form 144 shows a proposed disposition of 686,726 Class A shares valued at $13.97M, to be executed through Merrill Lynch around 09/12/2025. These shares were acquired via estate planning transfers on 04/03/2024, indicating the seller is disposing of holdings attributed to a trust settlor rather than a routine open-market sale by an operating executive. Compared with the 238,040,782 shares outstanding, the block represents roughly 0.29% of the outstanding float, which is unlikely to exert material market pressure alone but is meaningful as a disclosed insider-related sale. No performance metrics or reasons beyond the acquisition mechanism are provided, limiting valuation implications.
TL;DR: Filing meets Rule 144 disclosure requirements; transparency is appropriate, but governance context is limited.
The notice documents acquisition via estate planning transfers and affirms the signee does not possess undisclosed material adverse information. The disclosure of a prior sale of 97,429 shares on 08/18/2025 for $1.90M provides helpful recent trading context. Absent details on the trust beneficiary, relationship to officers/directors beyond the settlor description, or any trading plan date reliance, stakeholders have only basic governance information. The form satisfies procedural requirements but offers limited insight into motivations or potential ongoing insider selling.