Form 4: Viant Technology CEO Timothy Vanderhook Sells Shares to Cover Tax Obligations
SEC Form 4
Viant Technology's CEO and Chairman, Timothy Vanderhook, sold 8,529 shares of Class A Common Stock on June 10, 2024, to cover estimated taxes related to the vesting of restricted stock units.
Summary
- On June 10, 2024, Timothy Vanderhook, CEO and Chairman of Viant Technology Inc., sold 8,529 shares of Class A Common Stock.
- The shares were sold at a price of $9.23 per share.
- This transaction was executed to cover the estimated taxes associated with the vesting of 16,198 restricted stock units on the same date.
- Following the transaction, Vanderhook directly owns 515,068 shares of Viant Technology Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes on vested stock). It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of the stock sale and vesting of restricted stock units. |
| 06/12/2024 | Date of signature on the SEC Form 4 filing. |
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