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Viant Technology Inc.·4

May 21, 9:34 PM ET

Capital V LLC 4

Research Summary

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Updated

Viant (DSP) 10% Owner Capital V LLC Sells Shares

What Happened

  • Capital V LLC (a 10% owner) converted/exchanged 37,500 Class B units into Class A common stock (no cash paid) and had the corresponding Class B common stock cancelled. The reporting person then sold a total of 37,500 Class A shares in open-market transactions across May 19–21, 2026, generating approximately $403,156 in proceeds.
  • Sales breakdown: 15,000 shares on 2026-05-19 at a weighted avg $10.89 ($163,308); 15,000 shares on 2026-05-20 at a weighted avg $10.60 ($158,934); 7,500 shares on 2026-05-21 at a weighted avg $10.79 ($80,914). The conversion/exchange entries are reported at $0.00 because they reflect unit-for-share exchanges and a cancellation, not a cash purchase.

Key Details

  • Transaction dates and prices:
    • 2026-05-19: conversion/exercise of 37,500 units (reported $0.00); sale of 15,000 shares @ weighted avg $10.89 (F4; price range $10.565–$11.20)
    • 2026-05-20: sale of 15,000 shares @ weighted avg $10.60 (F5; price range $10.31–$10.96)
    • 2026-05-21: sale of 7,500 shares @ weighted avg $10.79 (F6; price range $10.53–$11.04)
  • Total open-market sale proceeds: approximately $403,156.
  • Shares owned after the transactions: not specified in the provided excerpt of the filing.
  • Notable footnotes:
    • F1/F2: Class B Units are exchangeable one-for-one into Class A common stock; corresponding Class B common stock was cancelled for no consideration.
    • F3: Sales were made pursuant to a 10b5-1 plan adopted March 18, 2025 (amended Sept 17, 2025).
    • F4–F6: Reported prices are weighted averages; ranges provided for individual trade prices.
  • Filing timeliness: The Form 4 was filed May 21, 2026 for transactions dated May 19–21, 2026 (filed within the typical 2-business-day window).

Context

  • This report reflects an institutional/10% owner transaction rather than trading by an individual executive. The conversion of Class B Units into Class A shares at $0.00 reflects a structural exchange/cancellation (not a cash exercise), followed by sales executed under a pre-existing 10b5-1 plan. Sales are typically considered routine for large holders and do not by themselves indicate management sentiment.