Zeta Global (NYSE: ZETA) CFO gifts 633,060 shares to independent trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zeta Global Holdings Chief Financial Officer Christopher E. Greiner reported a bona fide gift of 633,060 shares of Class A common stock on a no‑price transfer. The shares were moved to a trust managed by an independent trustee for trust, estate and tax planning and to help cover tax withholding from vesting restricted stock awards. After the transfer, he directly holds 143,948 shares, including stock purchased under an Employee Stock Purchase Plan that had not been previously reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
633,060 shares gifted
Mixed
1 txn
Insider
Greiner Christopher E
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 633,060 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 143,948 shares (Direct, null)
Footnotes (1)
- Represents a transfer to a trust managed by an independent trustee that was established for trust, estate and tax planning purposes and will also be used to satisfy any tax withholding obligations arising from the vesting of certain restricted stock awards. Share balance includes stock purchased under an Employee Stock Purchase Plan (ESPP) not previously reported.
Key Figures
Gifted shares: 633,060 shares
Shares held after transaction: 143,948 shares
Transaction price per share: $0.00 per share
+2 more
5 metrics
Gifted shares
633,060 shares
Bona fide gift of Class A Common Stock on G-code transaction
Shares held after transaction
143,948 shares
Direct holdings of CFO following the reported gift
Transaction price per share
$0.00 per share
Gift transfer with no sale proceeds
Gift transaction count
1 transaction
Single bona fide gift reported in Form 4
Gift shares summary
633,060 shares
GiftShares in transaction summary
Key Terms
bona fide gift, independent trustee, restricted stock awards, Employee Stock Purchase Plan (ESPP)
4 terms
bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
independent trustee financial
"a trust managed by an independent trustee that was established for trust"
restricted stock awards financial
"tax withholding obligations arising from the vesting of certain restricted stock awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
Employee Stock Purchase Plan (ESPP) financial
"Share balance includes stock purchased under an Employee Stock Purchase Plan (ESPP)"
FAQ
What insider transaction did ZETA CFO Christopher Greiner report?
Christopher Greiner reported a bona fide gift transfer of 633,060 Zeta Global Class A common shares. The shares were moved at no price as part of personal trust, estate and tax planning arrangements disclosed in the filing.
Was the ZETA CFO’s Form 4 transaction a sale or a gift?
The Form 4 reports a bona fide gift, not an open-market sale or purchase. The transaction code G and description confirm it was a gift transfer at zero price to an estate and tax planning trust.