LiveRamp (RAMP) CEO Scott Howe Withholds Shares to Cover Taxes

What Happened
Scott E. Howe, CEO of LiveRamp Holdings, had 8,549 shares withheld by the company to satisfy tax obligations tied to restricted stock units that vested on August 22, 2026. The filing reports two withholding transactions: 3,913 shares at $37.58 each for $147,051, and 4,636 shares at $37.58 each for $174,221, for a combined value of approximately $321,272. These disposals are reported under Form 4 code F (tax withholding), not open-market sales.

Key Details

• Transaction date: August 22, 2026; Form 4 filed August 24, 2026 (appears timely).
• Prices and amounts: 3,913 shares @ $37.58 = $147,051; 4,636 shares @ $37.58 = $174,221; total 8,549 shares ≈ $321,272.
• Shares were "disposed" via issuer withholding to cover tax obligations (Footnote F1).
• Shares owned after the transaction: not disclosed in this filing.
• Transaction code: F = tax withholding (routine for vested RSUs), not a purchase (P) or open-market sale (S).

Context
This was a routine tax-withholding event tied to RSU vesting—common for executives when equity awards vest. Because the company withheld shares to pay taxes, this does not necessarily indicate a decision to sell shares for cash or a change in the insider’s view of the company. Retail investors should view this as administrative rather than an investment signal.