[144] LiveRamp Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filing by a holder of LiveRamp Holdings, Inc. (RAMP) common stock proposes the sale of 12,734 shares valued at $355,724.29 through Morgan Stanley Smith Barney LLC on the NYSE. The filing shows the shares to be sold represent part of restricted stock grants acquired on 05/22/2025 (9,370 shares) and 08/22/2025 (3,364 shares). The issuer’s total shares outstanding is listed as 65,605,418. The seller certifies no undisclosed material adverse information and indicates no securities of the issuer were sold by the seller in the past three months.

Positive

• Regulatory compliance: The filer provided a complete Rule 144 notice including broker, share count, acquisition dates, and required certifications.
• Transparency: The filing discloses the exact origin of the shares (restricted stock grants) and states no sales in the past three months.

Negative

• Insider/affiliate sale: The proposed disposition of 12,734 shares could be perceived negatively by some investors as an insider selling activity, though materiality is limited relative to total outstanding shares.

Insights

Securities Analyst

TL;DR: Routine Rule 144 notification of proposed sale of restricted shares worth $355.7K, filed through Morgan Stanley.

The filing discloses a planned sale of 12,734 common shares of LiveRamp (RAMP) via Morgan Stanley Smith Barney on the NYSE, aggregating $355,724.29. The shares originated from restricted stock grants dated 05/22/2025 and 08/22/2025, and no sales by the holder in the prior three months are reported. As a disclosure under Rule 144, this provides transparency about insider or affiliate disposition but does not itself change company financials. Investors should view this as a compliance notice rather than operational news.

Corporate Governance Expert

TL;DR: Filing indicates compliant insider/affiliate sale plan; materiality is limited absent larger context.

The notice documents the mechanical details required by Rule 144: broker, quantity, aggregate value, acquisition dates and nature (restricted stock), and the seller's representation about undisclosed material information. This is a standard disclosure to permit secondary-market sales by insiders/affiliates. Without additional context—such as officer identity, proportion of holdings sold, or concurrent company events—the filing is procedurally important but not materially impactful on its own.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	12734	355724.29	65605418	09/08/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/22/2025	Restricted Stock	Issuer			3364	08/22/2025	Not Applicable
Common	05/22/2025	Restricted Stock	Issuer			9370	05/22/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for LiveRamp (RAMP) disclose?

The form discloses a proposed sale of 12,734 common shares valued at $355,724.29 through Morgan Stanley Smith Barney LLC on the NYSE.

When were the shares to be sold originally acquired?

The shares originated as restricted stock grants acquired on 05/22/2025 (9,370 shares) and 08/22/2025 (3,364 shares).

How many shares outstanding does the filing list for LiveRamp?

The filing lists 65,605,418 shares outstanding.

Did the filer report any sales of issuer securities in the past three months?

No. The filing states Nothing to Report for securities sold during the past three months.

Who is the broker handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.