Form 4: LiveRamp CFO Reports Routine Tax-Related Stock Transaction

LiveRamp Holdings, Inc. Chief Financial Officer Lauren R. Dillard reported the withholding of shares to cover tax obligations related to vested restricted stock units.

Summary

• Lauren R. Dillard, Chief Financial Officer of LiveRamp Holdings, Inc. (RAMP), reported transactions involving the company's common stock.
• On November 22, 2025, a total of 7,421 shares of common stock were withheld by the Issuer.
• These shares were withheld to satisfy tax obligations arising from the vesting of restricted stock units belonging to Ms. Dillard.
• The shares were withheld at a price of $28.78 per share.
• Following these transactions, Ms. Dillard beneficially owns 283,628 shares of LiveRamp Holdings, Inc. common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction related to executive compensation and tax obligations, which is neither positive nor negative for the company's operational or financial outlook.

Future Outlook

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

Industry Context

This filing details a routine insider transaction related to executive compensation, which is a standard practice across industries and does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction related to executive compensation and does not signal a change in company performance or strategy.
• Employees: No direct impact on the broader employee base.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction where shares were withheld to cover tax obligations upon the vesting of restricted stock units for the CFO. Such transactions are common for executive compensation and do not provide new information that would alter the fundamental investment thesis for LiveRamp Holdings, Inc. Therefore, a 'hold' recommendation is appropriate as this event does not signal a change in company performance or outlook.

Keywords

LiveRamp Holdings, RAMP, Form 4, SEC filing, insider transaction, stock withholding, restricted stock units, CFO, Lauren R. Dillard, tax obligations