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

Viant Technology's Chief Operating Officer, Christopher Vanderhook, sold 8,636 shares of Class A Common Stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Christopher Vanderhook, the Chief Operating Officer of Viant Technology Inc., sold 8,636 shares of Class A Common Stock on December 10, 2024.
• The sale was executed at a price of $21.37 per share.
• This transaction was to cover estimated taxes associated with the vesting of 16,199 restricted stock units on the same day.
• Following the transaction, Vanderhook directly owns 497,796 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the technology industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions by executives at other firms.
• The sale of 8,636 shares is not unusual for an executive at a company of Viant's size.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Viant Technology, Christopher Vanderhook, stock sale, insider trading, Form 4, Class A Common Stock, restricted stock units, tax obligations