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

LiveRamp Holdings' Chief Ethics & Legal Officer, Jerry C. Jones, sold shares to cover tax obligations arising from the vesting of restricted stock units.

Summary

• Jerry C. Jones, Chief Ethics & Legal Officer of LiveRamp Holdings, sold a total of 2,337 shares of common stock on November 22, 2024.
• The sales were executed at a price of $30.71 per share.
• These transactions were conducted to cover tax obligations related to the vesting of restricted stock units.
• Following these transactions, Mr. Jones directly owns 194,886 shares of LiveRamp common stock.
• Mr. Jones also indirectly owns 5,396.8796 shares and 3,494.7296 shares through managed accounts.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It does not indicate any positive or negative sentiment towards the company's performance or future prospects.

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 publicly traded companies.
• The number of shares sold and the price are consistent with typical transactions of this nature.
• Similar transactions can be seen in other technology companies where stock-based compensation is a significant part of executive pay.

Stakeholder Impact

• The stock sale has a minimal impact on shareholders as it is a routine transaction.
• The transaction does not affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

LiveRamp Holdings, insider trading, stock sale, Form 4, Jerry C. Jones, tax obligations, restricted stock units, executive compensation