Form 4: LiveRamp CRO's Stock Withholding for Tax Obligations

LiveRamp's Chief Revenue Officer, Vihan Sharma, had shares withheld to cover tax obligations upon the vesting of restricted stock units.

Summary

• Vihan Sharma, Chief Revenue Officer of LiveRamp Holdings, Inc. (RAMP), reported a transaction involving the company's common stock.
• On August 22, 2025, a total of 5,230 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 (RSUs) belonging to Mr. Sharma.
• The shares were valued at $27.91 per share for the purpose of this transaction.
• Following these transactions, Vihan Sharma beneficially owns 136,839 shares of LiveRamp Holdings, Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction for tax withholding upon RSU vesting, indicating neither positive nor negative sentiment towards the company's performance or outlook. It is a standard part of executive compensation.

Positives

• The underlying event, the vesting of restricted stock units, represents earned compensation for the Chief Revenue Officer, indicating continued executive alignment with shareholder interests.

Future Outlook

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

Industry Context

This transaction is a routine insider filing, common across all industries for executives receiving equity compensation. The withholding of shares for tax purposes upon RSU vesting is a standard practice and does not reflect specific industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction related to executive compensation, not a sale of shares into the open market.
• Employees: Reflects standard equity compensation practices for executives.

Key Dates

Recommendation

This Form 4 reports a routine tax withholding event for an executive's vested restricted stock units. It does not provide new information that would fundamentally alter the investment thesis for LiveRamp Holdings, Inc., thus a 'hold' recommendation is appropriate as no new catalysts or concerns are presented.

Keywords

LiveRamp, RAMP, Vihan Sharma, Form 4, Insider Transaction, Stock Withholding, Restricted Stock Units, Executive Compensation