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Viant Technology Inc.·4

Mar 19, 8:18 PM ET

Capital V LLC 4

Research Summary

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

What Happened

  • Capital V LLC (a 10% owner of Viant Technology Inc., ticker DSP) converted Class B Units into Class A common stock and then sold shares in the open market. The filing shows a conversion/exercise on 2026-03-17 of 37,500 units/shares (reported at $0.00 per share) in connection with an exchange/redemption of Class B Units for Class A shares (the corresponding Class B common stock was cancelled).
  • Following the conversion, Capital V sold a total of 38,760 Class A shares in open-market transactions: 15,000 shares on 2026-03-17 at a weighted avg $11.80 (≈ $176,939), 15,000 shares on 2026-03-18 at a weighted avg $12.00 (≈ $179,979), and 8,760 shares on 2026-03-19 at a weighted avg $11.42 (≈ $100,065). Total proceeds reported ≈ $456,983. These are disposals (sales), not purchases.

Key Details

  • Transaction dates and values:
    • 2026-03-17: conversion/exercise of 37,500 units into shares (reported $0.00) and open-market sale of 15,000 shares at weighted avg $11.80 (≈ $176,939).
    • 2026-03-18: open-market sale of 15,000 shares at weighted avg $12.00 (≈ $179,979).
    • 2026-03-19: open-market sale of 8,760 shares at weighted avg $11.42 (≈ $100,065).
  • Total open-market sale proceeds ≈ $456,983.
  • 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 shares; redemption led to cancellation of corresponding Class B common stock for no consideration.
    • F3: Sales were made pursuant to a pre-established 10b5-1 trading plan (adopted Mar 18, 2025; amended Sep 17, 2025).
    • F4–F6: Reported prices are weighted averages; the sales occurred at multiple prices within the stated ranges (details available on request).
  • Filing timeliness: Report covers transactions on 2026-03-17 and was filed 2026-03-19 — appears timely (Form 4 deadline is generally two business days).

Context

  • This filing reflects activity by a significant institutional holder (10% owner), not an individual executive. Sales executed under a 10b5-1 plan are typically pre-arranged and do not necessarily reflect the holder’s current view of the company.
  • The conversion of units into Class A shares and the cancellation of Class B common stock is an administrative/structural step; some or all resulting Class A shares were sold in the market rather than retained.