Capital V LLC 4

What Happened

• Capital V LLC (a 10% owner of Viant Technology Inc., ticker DSP) converted/exercised 37,500 Class B units into Class A common stock on Feb 17, 2026 (no cash paid) and subsequently sold shares in the open market. The filing shows open-market sales of 12,237 shares on 2026-02-17, 14,167 shares on 2026-02-18, and 9,836 shares on 2026-02-19 — a total of 36,240 shares sold for aggregate proceeds of about $333,712.
• The conversion/exercise entries are reported at $0.00 (exchange of Class B Units into Class A shares). The sales were executed under a pre-existing 10b5-1 plan.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-02-17: sold 12,237 shares at $9.26 (≈ $113,370)
  • 2026-02-18: sold 14,167 shares at $9.19 (≈ $130,128)
  • 2026-02-19: sold 9,836 shares at $9.17 (≈ $90,214)
• Total open-market sale proceeds: ≈ $333,712.
• Conversion: 37,500 Class B Units exchanged into Class A common stock at $0.00 (see footnotes F1–F2); some Class B common shares were cancelled for no consideration in connection with that redemption.
• Sales were made pursuant to a 10b5-1 trading plan adopted March 18, 2025 (amended Sept 17, 2025) (footnote F3).
• Reported prices are weighted averages; sale price ranges across the transactions span roughly $9.02 to $9.56 (footnotes F4–F6).
• Shares owned after the transactions are not specified in the excerpt of the filing provided here.
• Filing date: 2026-02-19 (reporting transactions dated 2026-02-17 through 2026-02-19). No late-filing flag is indicated in the provided data.

Context

• The filing shows a conversion of Class B Units into Class A shares (an exchangeable unit structure), followed by sales under a 10b5-1 plan — effectively a liquidity event by a large institutional holder rather than an individual executive trade. The conversion at $0 reflects a unit-for-share exchange rather than a cash option exercise; many or most of the shares acquired by conversion were then sold on the open market. This type of institutional sale is generally considered routine and does not, by itself, indicate insider sentiment about the company.