Director John L. Battelle filed a Form 4 with the SEC on November 2, 2026, reporting the disposal of 59,476 shares of LiveRamp Holdings, Inc. common stock at $38.50 per share as a result of the company's merger closing on that date.

Key Highlights

  • Shares disposed: John L. Battelle reported the disposal of 59,476 shares of LiveRamp Holdings common stock on November 2, 2026.
  • Per-share consideration: Each share was converted into the right to receive $38.50 in cash, without interest, per the Merger Agreement.
  • Post-transaction ownership: Battelle's directly held beneficial ownership following the transaction is reported as 0 shares.
  • Merger parties: The merger involved LiveRamp Holdings, Inc., MMS USA Holdings, Inc. as Parent, and Covey Merger Sub, Inc. as Merger Sub, with Publicis Groupe S.A. as a party for a limited purpose.
  • Merger Agreement date: The Agreement and Plan of Merger was dated May 16, 2026.
  • Corporate structure post-merger: LiveRamp continues as the surviving corporation and a wholly owned direct subsidiary of MMS USA Holdings, Inc.

LiveRamp Director Battelle's Holdings Converted to Cash at Merger Close

According to the filing, John L. Battelle, a director of LiveRamp Holdings, Inc. (listed on NYSE as RAMP), reported a disposition of 59,476 shares of the company's common stock, par value $0.10 per share, on November 2, 2026. The transaction code recorded is "D" (disposed of), and the price per share is listed as $38.5. Following the transaction, Battelle's directly held beneficial ownership stands at 0 shares, as reported in the filing.

The filing explains that the disposal resulted from the closing of the merger described in the Agreement and Plan of Merger dated May 16, 2026, entered into by LiveRamp Holdings, Inc., MMS USA Holdings, Inc. ("Parent"), Covey Merger Sub, Inc. ("Merger Sub"), and, solely for the purpose of Section 10.14 thereof, Publicis Groupe S.A. According to the filing, "Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly owned direct subsidiary of Parent." The filing describes this transaction as the "Merger."

At the effective time of the Merger, the filing states, each share of LiveRamp common stock issued and outstanding immediately prior to the effective time, other than certain excluded shares and dissenting shares, "was converted into the right to receive an amount in cash equal to $38.50 per share, without interest." The Form 4 was signed by Jerry C. Jones as attorney-in-fact for John L. Battelle and dated November 2, 2026.

What Was Disclosed

Director John L. Battelle's Form 4 disclosed the conversion of 59,476 LiveRamp Holdings shares into $38.50 per share in cash upon the closing of the merger between LiveRamp and MMS USA Holdings, Inc. on November 2, 2026, leaving Battelle with zero directly held shares.