Viant Technology Executives Offload Shares to Pay Taxes

In a recent Securities and Exchange Commission (SEC) filing, Viant Technology revealed that its top executives have sold Class A Common Stock in order to cover withholding taxes associated with the vesting of restricted stock units.

According to Form 4 filings, Larry Madden, Chief Financial Officer, has withdrawn 13,265 shares, valued at $173,477, from his portfolio at a price of $13.0778 per share. This adjustment now leaves Madden directly holding 436,261 shares of the company's Class A Common Stock.

In addition, Christopher Vanderhook, Chief Operating Officer, has sold 8,960 shares worth $117,177 following a similar vesting schedule. Following this sale, Vanderhook is left with 365,076 shares of Class A Common Stock directly attributed to his portfolio.

Viant Technology's CEO and Chairman, Timothy Vanderhook, also conducted a buy-back of shares equivalent to 8,960 shares at the same price point, also reaching $117,177 in total sales. As per the filing, his direct ownership now stands at 365,076 shares of Class A Common Stock.

The transactions reflect Viant Technology's efforts to manage associated taxes with outstanding stock unit vesting, according to company officials.