Form 4: LiveRamp Holdings Chief Revenue Officer Sells Shares to Cover Tax Obligations

LiveRamp Holdings' Chief Revenue Officer, Vihan Sharma, sold 4,925 shares of common stock to cover tax obligations arising from the vesting of restricted stock units.

Summary

• Vihan Sharma, Chief Revenue Officer of LiveRamp Holdings, sold 4,925 shares of common stock on December 22, 2024.
• The sale was executed at a price of $30.17 per share.
• The total value of the shares sold was $148,592.25.
• The shares were sold to cover tax obligations related to the vesting of restricted stock units.
• Following the transaction, Mr. Sharma directly owns 150,747 shares of LiveRamp common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for corporate executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the technology industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions when these units vest.
• The sale by Vihan Sharma is consistent with standard practices for executives managing their personal finances and tax liabilities.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

LiveRamp Holdings, Vihan Sharma, Chief Revenue Officer, stock sale, insider trading, tax obligations, restricted stock units, Form 4