Form 4: Viant Technology CFO Larry Madden Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Chief Financial Officer of Viant Technology, Larry Madden, reports the disposal of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 10, 2024, Larry Madden, the CFO of Viant Technology Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the disposal of 61,229 shares at a price of $10.13 per share.
- This disposal was to cover tax withholding obligations related to the vesting of 113,911 restricted stock units on the same date.
- Following the transaction, Madden directly owns 456,306 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, which is common when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to vested stock.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of transaction: Disposal of shares to cover tax obligations and vesting of restricted stock units. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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