Form 4: LiveRamp Holdings CTO Sells Shares to Cover Tax Obligations

LiveRamp Holdings' Chief Technology Officer, Mohsin Hussain, sold a portion of his shares to cover tax obligations arising from the vesting of restricted stock units.

Summary

• Mohsin Hussain, the Chief Technology Officer of LiveRamp Holdings, sold shares of the company's common stock on November 22, 2024.
• The sales were executed to cover tax obligations resulting from the vesting of restricted stock units.
• A total of 3,656 shares were sold at a price of $30.71 per share.
• Following these transactions, Mr. Hussain's direct holdings decreased from 64,411 to 61,148 shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for 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

• Executive stock sales 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 by executives at other firms.
• The sale of 3,656 shares is not unusual for an executive at a company of LiveRamp's size.

Stakeholder Impact

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

Key Dates

Keywords

LiveRamp Holdings, Mohsin Hussain, stock sale, insider trading, restricted stock units, tax obligations, Form 4, executive compensation