Form 4: Viant Technology COO Christopher Vanderhook Reports Stock Award and Transactions
SEC Filing
Christopher Vanderhook, COO of Viant Technology Inc., reports the acquisition of restricted stock units and non-qualified stock options, along with holdings in Class B Common Stock through various trusts and Capital V LLC.
Summary
- Christopher Vanderhook, the Chief Operating Officer of Viant Technology Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On March 15, 2024, Vanderhook was awarded 194,384 restricted stock units (RSUs) that vest quarterly over three years.
- He also acquired 96,363 non-qualified stock options with an exercise price of $9.94, vesting quarterly over three years and expiring on March 15, 2034.
- Vanderhook directly owns 523,597 shares of Class A Common Stock and 5,833,774 shares of Class B Common Stock.
- He also has indirect ownership through grantor retained annuity trusts (GRATs) and Capital V LLC.
- Each GRAT holds 500,000 shares of Class B Common Stock.
- Vanderhook holds a one-third interest in Capital V LLC, which owns 9,483,701 shares of Class B Common Stock.
- The Class B Units of Viant Technology LLC are exchangeable on a one-for-one basis into shares of Class A Common Stock, with the corresponding Class B Common Stock being automatically cancelled upon exchange.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.
Positives
- The award of RSUs and stock options to the COO aligns his interests with those of the shareholders, incentivizing him to improve the company's performance.
- The vesting schedules of the RSUs and stock options encourage long-term commitment from the COO.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Christopher Vanderhook's holdings in Viant Technology.
Stakeholder Impact
- Shareholders are informed about the COO's stake in the company, which can influence their perception of management's commitment.
- Employees may view the stock awards as a positive sign of the company's confidence in its leadership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the reported transactions, including the award of RSUs and stock options. |
| 03/15/2034 | Expiration date of the non-qualified stock options. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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