Form 4: Viant Technology CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Viant Technology CEO Timothy Vanderhook sold 82,534 shares of Class A Common Stock on March 10, 2024, to cover estimated taxes related to the vesting of restricted stock units.
Summary
- On March 10, 2024, Timothy Vanderhook, CEO and Chairman of Viant Technology Inc., sold 82,534 shares of Class A Common Stock.
- The sale was executed at a price of $10.13 per share.
- The transaction was intended to cover the estimated taxes to be paid by Vanderhook in connection with the vesting of 156,757 restricted stock units on the same date.
- Following the transaction, Vanderhook directly owns 329,213 shares of Viant Technology Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It's neutral in sentiment as it reflects standard executive compensation practices.
Industry Context
Executive stock sales are a common occurrence, often related to tax obligations or portfolio diversification. The impact on the stock price depends on the size of the sale relative to the overall trading volume and investor sentiment.
Stakeholder Impact
- The sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although this is likely to be minimal given the context.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of transaction: Sale of 82,534 shares and vesting of 156,757 restricted stock units. |
| 03/12/2024 | Date of signature on the SEC Form 4. |
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