Form 4: Viant Technology COO Christopher Vanderhook Sells Shares to Cover Tax Obligations

Christopher Vanderhook, COO of Viant Technology Inc., sold 8,636 shares of Class A Common Stock on September 10, 2024, to cover estimated taxes related to the vesting of restricted stock units.

Summary

• On September 10, 2024, Christopher Vanderhook, the Chief Operating Officer of Viant Technology Inc., sold 8,636 shares of Class A Common Stock.
• The shares were sold at a price of $10.07 per share.
• This transaction was executed to cover the estimated taxes associated with the vesting of 16,199 restricted stock units on the same date.
• Following the transaction, Vanderhook still beneficially owns 506,432 shares of Viant Technology Inc.

Sentiment

Score: 7

Explanation: The document reflects a neutral event (stock sale for tax purposes) and doesn't indicate any significant positive or negative sentiment. It's a routine transaction.

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.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Similar transactions can be observed at companies like Alphabet (GOOGL), Meta (META), and Microsoft (MSFT) when their executives' restricted stock units vest.
• The number of shares sold and the price per share are within the typical range for such transactions, based on Viant Technology's market capitalization and executive compensation structure.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates