Form 4: LiveRamp Holdings Executive Mohsin Hussain Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Mohsin Hussain, Chief Technology Officer of LiveRamp Holdings, reported the disposal of company stock to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On August 22, 2024, Mohsin Hussain, the Chief Technology Officer of LiveRamp Holdings, disposed of shares of common stock to cover tax obligations.
- The disposals were executed at a price of $25.38 per share.
- A total of 3,656 shares were disposed of to cover these obligations.
- Following these transactions, Hussain directly owns 84,890 shares of LiveRamp Holdings common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes, which is a normal part of executive compensation.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Disposals to cover tax obligations related to vesting equity are typical and don't necessarily reflect a negative outlook on the company.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of stock disposal to cover tax obligations. |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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