Viant Technology (DSP) CEO details Class B stock and unit gifts to family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Viant Technology Inc. CEO and Chairman Timothy Vanderhook reported a series of estate-planning transactions involving Class B Common Stock and Class B Units tied to Class A common stock. The filing shows grant or award acquisitions of 52,096 shares of Class B Common Stock and related Class B Units for each of four family gift trusts, alongside matching bona fide gifts of 52,096 shares and units from grantor retained annuity trusts (GRATs).
These transactions are non-cash gifts and awards, not open-market purchases or sales, and are attributed to family trusts and GRATs rather than discretionary trading. Vanderhook also reports large ongoing direct and indirect positions in Class B Units exchangeable one-for-one into Class A common stock, with corresponding Class B common shares cancelled upon exchange.
Positive
- None.
Negative
- None.
Insider Trade Summary
416,768 shares gifted
Mixed
20 txns
Insider
Vanderhook Timothy
Role
CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Units | 52,096 | $0.00 | -- |
| Gift | Class B Units | 52,096 | $0.00 | -- |
| Gift | Class B Units | 52,096 | $0.00 | -- |
| Gift | Class B Units | 52,096 | $0.00 | -- |
| Grant/Award | Class B Units | 52,096 | $0.00 | -- |
| Grant/Award | Class B Units | 52,096 | $0.00 | -- |
| Grant/Award | Class B Units | 52,096 | $0.00 | -- |
| Grant/Award | Class B Units | 52,096 | $0.00 | -- |
| Gift | Class B Common Stock | 52,096 | $0.00 | -- |
| Gift | Class B Common Stock | 52,096 | $0.00 | -- |
| Gift | Class B Common Stock | 52,096 | $0.00 | -- |
| Gift | Class B Common Stock | 52,096 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 52,096 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 52,096 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 52,096 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 52,096 | $0.00 | -- |
| holding | Class B Units | -- | -- | -- |
| holding | Class B Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Units — 0 shares (Indirect, By GRAT);
Class B Common Stock — 0 shares (Indirect, By GRAT);
Class B Units — 7,625,390 shares (Direct, null);
Class B Common Stock — 7,625,390 shares (Direct, null)
Footnotes (1)
- In addition to the gift transactions reported herein, reflects annuity payments by the GRATs to the Reporting Person pursuant to the terms of the GRAT, which annuity payments were exempt from reporting pursuant to Rule 16a-13. Securities held by the Eve Vanderhook 2024 grantor retained annuity trust. Securities held by the Gray Vanderhook 2024 grantor retained annuity trust. Securities held by the Kingston Vanderhook 2024 grantor retained annuity trust. Securities held by the Stella Vanderhook 2024 grantor retained annuity trust. The Reporting Person holds a one-third interest in Capital V LLC and may therefore be deemed to have an indirect pecuniary interest in one-third of Capital V LLC's total holdings. The Class B Units of Viant Technology LLC ("Class B Units") are exchangeable, at the holder's option, on a one-for-one basis into shares of Class A common stock of the Issuer. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be automatically cancelled.
Key Figures
Per-transaction block size: 52,096 shares/units
Total gifted shares: 416,768 shares
Indirect Class B Units: 9,094,775 underlying shares
+3 more
6 metrics
Per-transaction block size
52,096 shares/units
Size of each grant or gift of Class B Common Stock or Class B Units
Total gifted shares
416,768 shares
giftShares reported in transaction summary as bona fide gifts
Indirect Class B Units
9,094,775 underlying shares
Class B Units indirectly held, exchangeable into Class A common stock
Direct Class B Units
7,625,390 underlying shares
Class B Units directly held, exchangeable into Class A common stock
Indirect Class B Common
9,094,775 shares
Total Class B Common Stock following transaction, held by Capital V LLC
Direct Class B Common
7,625,390 shares
Total Class B Common Stock following transaction, held directly
Key Terms
grantor retained annuity trust, Class B Units, Class A common stock, pecuniary interest, +1 more
5 terms
grantor retained annuity trust financial
"Securities held by the Eve Vanderhook 2024 grantor retained annuity trust."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Class B Units financial
"The Class B Units of Viant Technology LLC ("Class B Units") are exchangeable..."
Class A common stock financial
"exchangeable, at the holder's option, on a one-for-one basis into shares of Class A common stock of the Issuer."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
pecuniary interest financial
"may therefore be deemed to have an indirect pecuniary interest in one-third of Capital V LLC's total holdings."
Rule 16a-13 regulatory
"annuity payments by the GRATs to the Reporting Person... were exempt from reporting pursuant to Rule 16a-13."
FAQ
What insider transactions did Viant Technology (DSP) disclose in this Form 4?
The Form 4 reports non-cash estate-planning moves: grant or award acquisitions and bona fide gifts of blocks of 52,096 Class B Common Stock shares and related Class B Units involving several family trusts and grantor retained annuity trusts, rather than open-market trading activity.
What ongoing derivative positions does Timothy Vanderhook report for Viant Technology (DSP)?
The derivative summary lists Class B Units with underlying Class A common stock: 9,094,775 underlying shares held indirectly and 7,625,390 underlying shares held directly. These Class B Units are exchangeable one-for-one into Class A shares, with corresponding Class B common shares cancelled upon exchange.
What role does Capital V LLC play in Viant Technology (DSP) insider holdings?
A footnote explains that Timothy Vanderhook holds a one-third interest in Capital V LLC and may be deemed to have an indirect pecuniary interest in one-third of Capital V LLC’s total holdings, which include Class B Common Stock and Class B Units reported as indirect ownership.