Form 4: Viant Technology CEO Sells Shares to Cover Tax Obligations

Viant Technology CEO Timothy Vanderhook sold 8,636 shares of Class A Common Stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Viant Technology CEO and Chairman, Timothy Vanderhook, sold 8,636 shares of Class A Common Stock on December 10, 2024.
• The sale was executed at a price of $21.37 per share.
• This transaction was to cover estimated taxes due from the vesting of 16,199 restricted stock units on the same day.
• Following the transaction, Vanderhook directly owns 497,796 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any 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

• Sales of shares by executives to cover tax obligations are a common practice across the technology industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar tax-related sales by executives at other firms.
• This transaction is consistent with standard practices for executives managing their personal finances in relation to equity compensation.

Stakeholder Impact

• The sale of shares by the CEO is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Viant Technology, Timothy Vanderhook, stock sale, insider trading, Form 4, restricted stock units, tax obligations, Class A Common Stock