Director Debora B. Tomlin filed a Form 4 with the SEC on November 2, 2026, reporting the disposition of 35,133 shares of LiveRamp Holdings, Inc. common stock at $38.50 per share following the completion of a merger that converted all outstanding shares into cash.

Key Highlights

  • Reporting person: Debora B. Tomlin, director of LiveRamp Holdings, Inc. (NYSE:RAMP)
  • Transaction date: November 2, 2026
  • Shares disposed: 35,133 shares of common stock, par value $0.10 per share, transaction code D
  • Price per share: $38.50 in cash, without interest
  • Remaining beneficial ownership: 0 shares following the transaction
  • Merger parties: LiveRamp Holdings, Inc., MMS USA Holdings, Inc. (Parent), and Covey Merger Sub, Inc. (Merger Sub), with Publicis Groupe S.A. party solely for Section 10.14 of the Merger Agreement
  • Merger Agreement date: May 16, 2026

LiveRamp Merger Converts Director Tomlin's Shares to Cash at $38.50

According to the filing, on November 2, 2026, Merger Sub merged with and into LiveRamp Holdings, Inc. pursuant to the Agreement and Plan of Merger dated May 16, 2026. The filing states that LiveRamp continued as the surviving corporation and became "a wholly owned direct subsidiary of Parent," MMS USA Holdings, Inc. Publicis Groupe S.A. was identified as a party to the Merger Agreement solely for the purpose of Section 10.14 thereof.

The filing discloses that at the effective time of the merger, "each share of the Issuer's common stock, par value $0.10 per share 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." As a result, Tomlin's 35,133 directly held shares were disposed of, leaving her with zero shares of beneficial ownership following the transaction.

The Form 4 was signed by Jerry C. Jones, identified as attorney-in-fact for Debora B. Tomlin, and was filed on November 2, 2026. No derivative securities were reported in the filing. The transaction code recorded for the disposition is D, consistent with the merger conversion described in the filing's footnote.

What Was Disclosed

Director Debora B. Tomlin reported the conversion of 35,133 shares of LiveRamp Holdings common stock into $38.50 per share in cash upon completion of the merger with MMS USA Holdings, Inc. on November 2, 2026, resulting in zero remaining beneficial ownership.