Form 4: LiveRamp CEO's Tax-Related Stock Transaction

LiveRamp Holdings CEO Scott E. Howe reported the withholding of shares to cover tax obligations upon the vesting of restricted stock units.

Summary

• Scott E. Howe, Chief Executive Officer and Director of LiveRamp Holdings, Inc. (RAMP), reported transactions related to the vesting of restricted stock units (RSUs).
• On November 22, 2025, a total of 8,863 shares of common stock were withheld by the issuer to satisfy tax obligations arising from RSU vesting.
• The shares were withheld at a price of $28.78 per share, totaling approximately $255,049.54.
• Following these transactions, Scott E. Howe directly beneficially owns 1,113,100 shares and indirectly owns 3,148.0113 shares through a managed account.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction related to executive compensation and tax obligations. It provides no new information that would significantly alter the sentiment towards the company, hence a neutral score.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• NA

Industry Context

This transaction is a routine insider filing (Form 4) common across all publicly traded companies, reflecting the standard process for executives to cover tax liabilities upon the vesting of equity compensation like Restricted Stock Units (RSUs). It does not indicate any specific industry trend or competitive action.

Comparison to Industry Standards

• This type of transaction, where shares are withheld to cover tax obligations upon RSU vesting, is a standard practice for executive compensation in publicly traded companies across various industries. It is not comparable to specific company projects or results but rather a common mechanism for managing equity compensation.

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's view of the company's prospects.
• Employees: No direct impact on the broader employee base, as this relates to executive equity compensation.

Next Steps

• NA

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction where shares were withheld to cover tax obligations upon RSU vesting. It does not provide any new material information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining any existing investment thesis.

Keywords

RAMP, LiveRamp Holdings, Scott Howe, CEO, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Tax Withholding, Equity Compensation