Vanderhook Timothy 4

What Happened

• Timothy Vanderhook, reported as a 10% owner, sold a total of 12,080 shares of Viant Technology Inc. (DSP) in open-market transactions between Feb 17–19, 2026, generating roughly $111,237 in proceeds (sales at $9.26, $9.19 and $9.17).
• On Feb 17, Vanderhook also engaged in conversion/exercise activity involving 12,500 Class B Units/Class B common shares that were exchanged into Class A common stock and then cancelled for no consideration per the filing (derivative conversion and cancellation).

Key Details

• Transaction dates and reported prices:
  • Feb 17, 2026: Sold 4,079 shares @ $9.26 — $37,790 (open-market)
  • Feb 18, 2026: Sold 4,722 shares @ $9.19 — $43,373 (open-market)
  • Feb 19, 2026: Sold 3,279 shares @ $9.17 — $30,074 (open-market)
  • Feb 17, 2026: Conversion/exercise of 12,500 Class B Units → Class A (reported $0 consideration) and cancellation of corresponding Class B common stock.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Notable footnotes:
  • F1/F3: Class B Units are exchangeable 1-for-1 into Class A common; cancellation of Class B common stock reported as occurring for no consideration.
  • F2: Vanderhook holds a one‑third interest in Capital V LLC and may be deemed to have an indirect pecuniary interest in one-third of that LLC’s holdings.
  • F4: Some shares were sold pursuant to a 10b5‑1 plan adopted by Capital V LLC (March 18, 2025; amended Sept 17, 2025).
  • F5–F7: Reported prices for some sale blocks are weighted averages reflecting multiple trades at price ranges; detailed per-trade breakdown is available on request.
• Filing timeliness: Filed Feb 19, 2026 for transactions reported Feb 17–19, 2026 (no late filing indicated).

Context

• The filing shows conversion of Class B Units into Class A shares and subsequent market sales — functionally similar to a cashless conversion and sale of the resulting shares. The conversion/cancellation entries were reported as occurring with no cash consideration.
• As a reported 10% owner acting in part through Capital V LLC and using a 10b5‑1 plan, these trades likely reflect planned/institutional selling rather than ad‑hoc insider purchases. This is factual reporting only and does not imply motivation.