Form 4: LiveRamp Director Timothy Cadogan Sells Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
LiveRamp Holdings, Inc. Director Timothy R. Cadogan reported the sale of 2,500 shares of common stock for $34 per share, executed under a Rule 10b5-1 trading plan.
Summary
- Timothy R. Cadogan, a Director of LiveRamp Holdings, Inc. (RAMP), reported the sale of 2,500 shares of common stock.
- The transaction occurred on July 7, 2025, at a price of $34 per share.
- Following this sale, Cadogan beneficially owns 55,470 shares of LiveRamp common stock.
- The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Cadogan on February 18, 2025.
Sentiment
Score: 5
Explanation: This Form 4 reports a routine, pre-planned insider stock sale, which is a neutral event in terms of company performance or outlook. The use of a Rule 10b5-1 plan indicates transparency and compliance.
Positives
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and transparent transaction rather than an immediate reaction to new information.
- The use of a 10b5-1 plan demonstrates adherence to best practices for insider trading compliance.
Negatives
- A director selling shares, even under a pre-arranged plan, can sometimes be perceived by the market as a lack of confidence, though this is mitigated by the 10b5-1 plan.
Future Outlook
NA
Management Comments
- The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 18, 2025.
Industry Context
This filing is a routine disclosure of an insider stock transaction for LiveRamp Holdings, Inc. It does not provide information on broader industry trends or competitive landscape, focusing solely on the change in beneficial ownership of a director.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Policy Adherence | The sale was conducted under a Rule 10b5-1 trading plan, demonstrating adherence to corporate policies designed to prevent insider trading and ensure transparency. | 02/18/2025 | Enhances transparency and reduces the perception of opportunistic insider trading. |
Related Party Transactions
- The transaction involves a director of the company selling shares, which is a type of insider transaction.
Stakeholder Impact
- Shareholders: May interpret the director's sale, though the 10b5-1 plan mitigates concerns about opportunistic selling.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date Rule 10b5-1 trading plan was adopted by Timothy R. Cadogan. |
| 07/07/2025 | Date of the reported transaction (sale of common stock). |
| 07/09/2025 | Date the Form 4 was signed by attorney-in-fact. |
Keywords
LiveRamp Holdings Inc., RAMP, SEC Form 4, Insider Trading, Stock Sale, Timothy R. Cadogan, Rule 10b5-1, Beneficial Ownership, Director Transaction
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