Zeta Global (ZETA) Files Form 144 for 1.53M-Share Sale via Merrill Lynch
Rhea-AI Filing Summary
Zeta Global Holdings Corp. (ZETA) filed a Form 144 notifying a proposed sale of 1,526,658 Class A common shares through Merrill Lynch on the NYSE, with an aggregate market value of $31,067,490.30 and an approximate sale date of 09/22/2025. The filing reports that these shares were acquired on 04/03/2024 via estate planning transfers from the settlor of the trust for whose account the securities are being offered.
The form also discloses a recent sale by a related family trust: 18,336 shares sold on 08/21/2025 for $332,651.95. The filer attests they are not aware of undisclosed material adverse information and provides broker details for the planned transaction.
Positive
- Clear disclosure of the proposed sale quantity (1,526,658 shares) and aggregate market value ($31,067,490.30)
- Broker identified (Merrill Lynch) and market (NYSE), providing execution transparency
- Acquisition origin provided (estate planning transfers dated 04/03/2024), clarifying why restricted shares are being sold
- Prior recent sale disclosed (18,336 shares on 08/21/2025 for $332,651.95), improving transaction history transparency
Negative
- None.
Insights
TL;DR: Routine insider sale notice disclosing a planned 1.53M-share offering valued at $31.1M; no financial results or new company disclosures.
The Form 144 is a standard notice of intent to sell restricted or control securities. It specifies the class, quantity, broker (Merrill Lynch), estimated aggregate market value, and an approximate sale date. The filing clarifies acquisition origin—estate planning transfers dated 04/03/2024—which helps explain why restricted shares are being resold. From a market-impact perspective, the disclosed amount represents a small fraction of the reported outstanding shares (238,040,782), suggesting limited immediate dilution or supply shock.
TL;DR: The filing documents transfer and proposed disposition of trust-held shares and includes the required attestation; procedural and compliance-focused.
The notice contains required compliance elements: seller identity through trust, acquisition date and nature (estate planning transfer), prior recent sale by a related family trust, and the signature attestation regarding material nonpublic information. This supports governance transparency around insider dispositions and trading plans. The filing does not disclose any governance changes, conflicts, or new arrangements beyond routine transfer and sale notice.