Form 4: LiveRamp Officer's RSU Vesting Triggers Tax Withholding

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

Summary

• Jerry C. Jones, Chief Ethics & Legal Officer of LiveRamp Holdings, Inc. (RAMP), reported transactions on August 22, 2025.
• A total of 2,018 shares of common stock were disposed of at a price of $27.91 per share.
• These shares were withheld by LiveRamp Holdings to satisfy tax obligations arising from the vesting of restricted stock units (RSUs) belonging to Mr. Jones.
• Following these transactions, Mr. Jones directly beneficially owns 225,188 shares and indirectly owns 8,891.6092 shares through two managed accounts.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction for tax purposes related to RSU vesting, which is a standard part of executive compensation and does not reflect a discretionary sale or purchase.

Positives

• The vesting of restricted stock units indicates continued employee retention and alignment of executive interests with shareholders.

Negatives

• The disposition of shares, even for tax purposes, results in a reduction of the officer's direct beneficial ownership.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction related to executive compensation, reflecting standard practices within the technology and data industry for managing restricted stock unit vesting and associated tax obligations.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition, indicating continued executive compensation and retention, with minimal direct impact on company valuation.
• Employees: Reflects standard RSU vesting practices as part of the company's compensation structure.

Key Dates

Recommendation

This Form 4 filing details a routine tax-related disposition of shares by an executive due to RSU vesting. It does not indicate any change in the company's fundamentals, strategic direction, or the executive's confidence in the company beyond standard compensation practices. Therefore, it provides no new information to warrant a change in investment recommendation based solely on this filing.

Keywords

LiveRamp Holdings, RAMP, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Jerry C. Jones, Chief Ethics & Legal Officer, Beneficial Ownership