Viant Technology (NASDAQ: DSP) CFO granted RSUs and makes small 10b5-1 sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Viant Technology Inc. Chief Financial Officer Larry Madden received a grant of 249,258 restricted stock units of Class A common stock, each representing one share, with no purchase price. These RSUs vest in equal quarterly installments of 8.33% over three years, subject to continued service.
Madden also sold 1,658 shares of Class A common stock at a weighted average price of $13.0322 per share in open-market transactions pursuant to a Rule 10b5-1 trading plan adopted on June 2, 2025. Following these transactions, he directly owns 617,865 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,658 shares ($21,607)
Net Sell
2 txns
Insider
MADDEN LARRY
Role
Chief Financial Officer
Sold
1,658 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 249,258 | $0.00 | -- |
| Sale | Class A Common Stock | 1,658 | $13.0322 | $22K |
Holdings After Transaction:
Class A Common Stock — 617,865 shares (Direct)
Footnotes (1)
- Shares sold pursuant to a 10b5-1 plan adopted by the Reporting Person on June 2, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.00 to $13.06. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Grant of restricted stock units ("RSUs") which shall vest in equal quarterly installments (8.33% per quarter) over three (3) years, subject to the Reporting Person's continuous service through such vesting date and the terms and conditions set forth in the Issuer's Long-Term Incentive Plan and the applicable grant notice and agreement. Each RSU represents the right to receive one share of the Issuer's Class A common stock.
FAQ
What insider transactions did DSP CFO Larry Madden report on this Form 4?
He reported both a stock grant and a small sale. Madden received 249,258 restricted stock units in Viant Technology Class A shares and sold 1,658 shares in open-market transactions, while remaining a significant shareholder after the reported activity.
Was the Viant Technology CFO’s stock sale under a Rule 10b5-1 trading plan?
Yes, the sale was made under a Rule 10b5-1 plan. Footnotes state the 1,658 shares were sold pursuant to a 10b5-1 trading plan adopted by Larry Madden on June 2, 2025, indicating the transactions were pre-arranged.
What are the vesting terms of Larry Madden’s new Viant Technology RSU grant?
The 249,258 RSUs vest quarterly over three years. They vest in equal quarterly installments of 8.33% each, subject to Madden’s continuous service and the conditions in Viant Technology’s Long-Term Incentive Plan and related grant documents.