Form 4: Distribution and Tax-Related Sale of ZoomInfo (GTM) Shares
Rhea-AI Filing Summary
HSKB Funds II, LLC reported on Form 4 that it disposed of 10,365 shares of ZoomInfo Technologies Inc. common stock on 09/01/2025 under transaction code J(1), with a reported price of $0. After the disposition the reporting person beneficially owned 345,307 shares. The filing states the disposition reflects a distribution of ZoomInfo shares to employees, with some shares sold to cover related tax liabilities. The Form 4 was signed by Meredith Weisshaar as attorney-in-fact for Henry Schuck on 09/03/2025.
Positive
- Disclosure provided with explanation that the disposition was a distribution to employees and included shares sold to cover tax liabilities
- Beneficial ownership remains substantial at 345,307 shares after the reported disposition
- Form 4 properly executed and filed with a signature attesting to the transaction
Negative
- Disposition of 10,365 shares reduces the reporting person's stake, though the filing attributes the move to employee distributions
- Price reported as $0 for the transaction entry provides no proceeds detail within this filing
Insights
TL;DR: A director-affiliated entity distributed and sold a small block of ZoomInfo shares to satisfy employee distributions and tax-withholding requirements.
The filing indicates a non-market-sale disposition under code J(1), typically reflecting a distribution-related transfer rather than an open-market sale. The reported price of $0 suggests shares were transferred as part of a distribution and some were subsequently sold to cover taxes; the form does not report proceeds here. Beneficial ownership after the transaction remains material at 345,307 shares, indicating ongoing significant exposure. No derivative transactions or change in control are reported, and the disclosure includes an explanation of the distribution and tax-withholding mechanism.
TL;DR: This is a routine Section 16 disclosure tied to employee share distributions and withholding, not a signal of strategic change.
The relationship checkboxes indicate the reporting entity is tied to an insider role (Director and 10% owner checked). The explanation clarifies the movement stems from a corporate distribution to employees and tax-withholding sales rather than a voluntary insider cash-raising event. The document is properly signed and dated, satisfying disclosure formality requirements. There is no indication of other corporate governance actions or material corporate events in this filing.