Form 4: LiveRamp Holdings Executive Kimberly Bloomston Sells Shares to Cover Tax Obligations

LiveRamp Holdings Chief Product Officer Kimberly Bloomston sold a portion of her shares to cover tax obligations arising from the vesting of restricted stock units.

Summary

• Kimberly Bloomston, Chief Product Officer of LiveRamp Holdings, sold shares of common stock on November 22, 2024.
• The sales were executed to cover tax obligations related to the vesting of restricted stock units.
• A total of 6,892 shares were sold at a price of $30.71 per share.
• The transactions resulted in a decrease in Bloomston's direct holdings of LiveRamp common stock.

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

• Similar transactions are common across the technology sector, where stock-based compensation is a significant part of executive pay.
• Companies like Salesforce, Adobe, and Oracle also see similar transactions from their executives when stock options or restricted stock units vest.
• The number of shares sold and the price are within the typical range for such transactions.

Stakeholder Impact

• The stock sale has a minor impact on the total outstanding shares of LiveRamp Holdings.
• The transaction is unlikely to have a significant impact on the company's operations or financial performance.

Key Dates

Keywords

LiveRamp Holdings, Kimberly Bloomston, stock sale, insider trading, tax obligations, restricted stock units, executive compensation