Form 4: LiveRamp Officer Sells Shares for Tax Obligations

LiveRamp's Chief Ethics & Legal Officer, Jerry C. Jones, disposed of 2,018 shares of common stock to cover tax liabilities arising from RSU vesting on November 22, 2025.

Summary

• Jerry C. Jones, LiveRamp Holdings, Inc.'s Chief Ethics & Legal Officer, reported a transaction on November 22, 2025.
• A total of 2,018 shares of common stock were disposed of by the Issuer to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
• The shares were disposed of at a price of $28.78 per share.
• Specifically, 1,284 shares and 734 shares were withheld for tax purposes.
• Following these transactions, Jerry C. Jones directly beneficially owns 223,904 and 223,170 shares of common stock.
• Additionally, Jones indirectly beneficially owns 5,396.8796 shares and 3,494.7296 shares through two managed accounts.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction related to executive compensation and tax obligations, which is neutral in terms of company sentiment.

Positives

• The vesting of restricted stock units (RSUs) indicates a successful compensation event for the reporting person, aligning executive incentives with company performance.

Negatives

• No inherent negatives for the company or its stock are indicated by this routine, tax-related transaction.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for publicly traded companies. It does not provide specific insights into broader industry trends or competitive positioning.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations upon RSU vesting is a standard and widely accepted method of managing executive compensation and tax liabilities in publicly traded companies, consistent with global benchmarks for corporate governance and executive remuneration.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's confidence in the company.
• Employees: The RSU vesting demonstrates the company's compensation structure for executives.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by an executive to cover tax obligations arising from RSU vesting. Such transactions are common and do not typically signal a change in the company's fundamental outlook or the executive's confidence. Therefore, it does not provide new information that would warrant a change from a 'hold' recommendation based solely on this filing.

Keywords

LiveRamp, RAMP, Form 4, Insider Transaction, RSU Vesting, Tax Obligation, Stock Sale, Executive Compensation