Form 4: LiveRamp CRO Vihan Sharma Sells Shares for Tax Obligations

LiveRamp Holdings, Inc.'s Chief Revenue Officer, Vihan Sharma, disposed of 1,231 shares of common stock to cover tax obligations related to RSU vesting.

Summary

• Vihan Sharma, Chief Revenue Officer of LiveRamp Holdings, Inc. (RAMP), reported a transaction on March 22, 2026.
• 1,231 shares of common stock, with a par value of $.10, were disposed of at a price of $26.58 per share.
• The disposition was made to satisfy tax obligations that arose when restricted stock units belonging to Vihan Sharma vested.
• Following this transaction, Vihan Sharma beneficially owns 122,684 shares of LiveRamp Holdings, Inc. common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event, reflecting a standard compensation and tax management practice rather than a discretionary sale or a significant change in insider sentiment.

Positives

• The transaction indicates the vesting of restricted stock units, which represents earned compensation for the executive.

Negatives

• A reduction in direct share ownership by a key executive, even if for tax purposes, slightly decreases their direct stake in the company.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as share dispositions for tax withholding upon RSU vesting, are common across the technology sector and typically do not signal a change in company fundamentals or executive sentiment.

Comparison to Industry Standards

• This type of transaction is standard practice for executive compensation plans involving restricted stock units across publicly traded companies, including peers in the data connectivity and marketing technology space like Acxiom or The Trade Desk.
• The withholding of shares to cover tax liabilities upon vesting is a common mechanism to manage tax obligations without requiring the executive to use personal funds.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes.
• Employees: No direct impact.

Key Dates

Keywords

LiveRamp Holdings, RAMP, Vihan Sharma, Chief Revenue Officer, Insider Trading, Form 4, Restricted Stock Units, RSU Vesting, Tax Withholding, Share Disposition