DO Holdings (WA), LLC - Aug 6, 2021 Form 4 Insider Report for ZoomInfo Technologies Inc. (ZI)

Role
10%+ Owner
Signature
/s/ Kirk Brown, as Executive Vice President
Stock symbol
ZI
Transactions as of
Aug 6, 2021
Transactions value $
-$324,164,950
Form type
4
Date filed
8/10/2021, 08:38 PM
Previous filing
Aug 6, 2021
Next filing
Aug 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZI Class A Common Stock Conversion of derivative security +5.92M 5.92M Aug 6, 2021 Direct F1, F2
transaction ZI Class A Common Stock Sale -$324M -5.92M -100% $54.75 0 Aug 6, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZI LLC Units of ZoomInfo Holdings LLC Conversion of derivative security $0 -5.92M -10.63% $0.00 49.8M Aug 6, 2021 Class A Common Stock 5.92M Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 DO Holdings is owned by Henry Schuck and Kirk Brown. The transactions reported in this Form 4 were for the benefit of both Henry Schuck and Kirk Brown.
F2 Pursuant to the terms of the limited liability company agreement for ZoomInfo Holdings LLC ("OpCo"), limited liability company units of OpCo ("OpCo Units") and an equal number of shares of the Issuer's Class B common stock ("Class B Common Stock"), together are exchangeable for shares of Issuer's Class A common stock on a one-for-one basis at the discretion of the Reporting Person, subject to exchange rate adjustments for stock splits, stock dividends, and reclassifications. These exchange rights do not expire. Shares of Class B Common Stock have no economic value and have 10 votes per share.
F3 These sales were effected pursuant to an underwritten secondary offering that closed on August 6, 2021.