Viant Technology Executives Execute Stock Sales to Cover Tax Obligations
By [Reporter Name]
Viant Technology has reported significant stock sales by its top executives, aimed at covering tax liabilities related to the vesting of restricted stock units. The transactions, detailed in recent SEC filings, involve the company’s Chief Financial Officer, Chief Operating Officer, and CEO.
Larry Madden, the Chief Financial Officer, sold 13,265 shares of Class A Common Stock at a price of $13.0778 per share, resulting in a total sale amount of $173,477. Following this divestiture, Madden retains a direct ownership of 436,261 shares within the company.
In tandem with Madden’s sale, Christopher Vanderhook, the Chief Operating Officer, executed a sale of 8,960 shares, also priced at $13.0778 each, bringing in a total of $117,177. After this transaction, Vanderhook’s direct ownership of Class A Common Stock stands at 365,076 shares.
Timothy Vanderhook, the company’s CEO and Chairman, mirrored his brother’s actions by selling 8,960 shares at the same price point, amounting to an identical total of $117,177. Post-sale, he too holds 365,076 shares of Class A Common Stock.
These transactions were specifically aimed at addressing tax liabilities incurred from the vesting of restricted stock units, a common practice among executives during such financial events. Changes in shareholdings are routinely disclosed to maintain transparency with investors, highlighting the executives’ efforts to manage their financial responsibilities while maintaining substantial ownership in Viant Technology.
As of now, the stock remains crucially linked to the company’s operational strategy and shareholder interests, underlining the ongoing alignment between leadership and shareholder value.
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