Director Vivian Chow filed a Form 4 with the SEC on November 2, 2026, reporting the disposition of 31,263 shares of LiveRamp Holdings, Inc. common stock as a result of the company's merger with MMS USA Holdings, Inc.

Key Highlights

  • Reporting person: Vivian Chow, listed as a Director of LiveRamp Holdings, Inc.
  • Transaction date: November 2, 2026, the effective date of the merger.
  • Shares disposed: 31,263 shares of Common Stock, $0.10 par value, coded as a disposition (D).
  • Per-share consideration: $38.50 in cash per share, without interest, according to the filing.
  • Beneficial ownership after transaction: 0 shares directly held, as reported in the filing.
  • Merger parties: LiveRamp Holdings, Inc., MMS USA Holdings, Inc. (Parent), Covey Merger Sub, Inc. (Merger Sub), and Publicis Groupe S.A. (solely for Section 10.14 purposes), per the Merger Agreement dated May 16, 2026.

LiveRamp Merger Converts Director Chow's Holdings at $38.50 Per Share

According to the Form 4 filed on November 2, 2026, Director Vivian Chow reported the disposition of 31,263 shares of LiveRamp Holdings, Inc. (NASDAQ:RAMP) common stock. The filing attributes the transaction to the closing of a merger under the Agreement and Plan of Merger dated May 16, 2026, among LiveRamp Holdings, Inc., MMS USA Holdings, Inc. as Parent, Covey Merger Sub, Inc. as Merger Sub, and Publicis Groupe S.A., the latter named solely for the purpose of Section 10.14 of the agreement.

The filing states 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." Following the transaction, Merger Sub merged with and into LiveRamp, with LiveRamp continuing as the surviving corporation and becoming a wholly owned direct subsidiary of Parent, according to the filing.

As a result of the merger conversion, the filing reports that Chow's directly held beneficial ownership of LiveRamp common stock stands at 0 shares following the reported transaction. The Form 4 was signed by Jerry C. Jones as attorney-in-fact for Vivian E. Chow, and was dated November 2, 2026.

What Was Disclosed

Director Vivian Chow disclosed the merger-related conversion of 31,263 LiveRamp common shares at $38.50 per share in cash on November 2, 2026, resulting in zero remaining directly held shares, consistent with LiveRamp becoming a wholly owned subsidiary of MMS USA Holdings, Inc.