Form 4: Viant Technology Inc. Director Max O. Valdes Reports Changes in Beneficial Ownership

Director Max O. Valdes reports the acquisition and disposal of Viant Technology Inc. Class A Common Stock related to tax obligations and a grant of restricted stock units.

Summary

• On June 2, 2024, Viant Technology Inc. repurchased 17,320 shares of Class A Common Stock from Director Max O. Valdes at $9.51 per share to cover estimated taxes related to the vesting of 32,895 restricted stock units.
• Following this transaction, Valdes beneficially owned 52,593 shares.
• On June 4, 2024, Valdes was granted 18,359 restricted stock units, increasing his beneficial ownership to 70,952 shares.
• These restricted stock units vest on the earlier of the 2025 Annual Meeting of Stockholders or one year from the grant date, contingent upon continuous service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard compensation practices. The grant of restricted stock units suggests confidence in the company's future performance.

Positives

• The grant of restricted stock units to a director aligns their interests with the long-term success of the company.

Future Outlook

The vesting of the restricted stock units is contingent upon the director's continuous service through the vesting date, which is the earlier of the 2025 Annual Meeting or one year from the grant date.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their alignment with shareholder interests.

Comparison to Industry Standards

• Stock repurchase programs to cover employee tax obligations are a common practice among publicly traded companies, including those in the technology sector like The Trade Desk and PubMatic.
• Granting restricted stock units to directors is a standard compensation practice to align their interests with shareholders, similar to practices at companies like Magnite and Criteo.

Stakeholder Impact

• Shareholders may view the insider transactions as a sign of confidence in the company's prospects.
• The stock repurchase program could have a minor impact on the company's cash flow.

Key Dates