RAMP.NYSELiveramp Holdings, INC

Form 4: LiveRamp CEO Sells Shares for Tax Obligations

Sentiment:

Insider Transaction Report

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LiveRamp Holdings CEO Scott E. Howe disposed of 8,863 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

  • Scott E. Howe, Chief Executive Officer and Director of LiveRamp Holdings, Inc. (RAMP), reported transactions on August 22, 2025.
  • A total of 8,863 shares of common stock were disposed of at a price of $27.91 per share.
  • These shares were withheld by LiveRamp Holdings to satisfy tax obligations arising from the vesting of restricted stock units (RSUs) belonging to Mr. Howe.
  • Following these transactions, Mr. Howe directly beneficially owns 1,121,963 shares and indirectly owns 3,148.0113 shares through a managed account.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale of shares to cover tax obligations upon the vesting of restricted stock units, which is a common occurrence for executives and does not reflect a change in management's outlook or a strategic move.

Positives

  • The transaction was not a discretionary sale by the CEO but rather a mandatory withholding of shares to cover tax liabilities upon the vesting of restricted stock units, indicating a pre-planned compensation event.

Negatives

  • The disposition of 8,863 shares by the CEO, even for tax purposes, represents a reduction in direct insider ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

  • Shareholders: A minor reduction in direct insider ownership, but the transaction is for tax purposes and not a discretionary sale, so the impact on investor confidence is likely minimal.

Key Dates

DateDescription
08/22/2025Date of transaction where restricted stock units vested and shares were withheld for tax obligations.
08/25/2025Date the Form 4 was signed by the attorney-in-fact for Scott E. Howe.

Recommendation

hold

The filing details a routine, non-discretionary sale of shares by the CEO to cover tax obligations upon the vesting of restricted stock units. This is a common compensation event and does not indicate any change in the company's fundamentals, strategic direction, or management's confidence. Therefore, it does not provide new information that would alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

LiveRamp Holdings, RAMP, Scott E. Howe, CEO, Insider Trading, Form 4, Restricted Stock Units, Tax Withholding, Share Disposition, Corporate Governance

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