SELLING STOCKHOLDERS
The selling stockholders identified in this prospectus supplement are offering for sale up to 311,868 shares of our common stock, par value $0.10 per share. The selling stockholders acquired these shares from us pursuant to our acquisition of Data Plus Math Corporation. The selling stockholders may from time to time offer and sell pursuant to this prospectus and any prospectus supplement to this prospectus any or all of the shares of our common stock being registered in one or more offerings. We will not receive any proceeds from the sale of shares being sold by the selling stockholders.
Each of the selling stockholders is currently employed by LiveRamp, Inc., a wholly-owned subsidiary of the Company. Matthew Emans serves as Chief Technology Officer, Measurement, and John Hoctor serves as General Manager — Measurement.
The following table sets forth information for the selling stockholders as of the date of this prospectus supplement. Beneficial ownership is determined in accordance with the SEC rules and includes securities that the selling stockholders have the right to acquire within 60 days after the date of this prospectus. Except as otherwise indicated, we believe that the selling stockholders have sole voting and investment power with respect to all shares of the common stock shown as beneficially owned by them. In addition, except as otherwise indicated, all of the selling stockholders beneficially own less than 1% of our common stock outstanding.
Name of Beneficial Owner | | | Shares beneficially owned prior to the offering(1) | | | Number of shares offered | | | Shares beneficially owned after the offering(2) | |
Matthew Emans | | | | | 157,364 | | | | | | 155,934 | | | | | | 1,430 | | |
John Hoctor | | | | | 157,366 | | | | | | 155,934 | | | | | | 1,432 | | |
Total | | | | | 314,730 | | | | | | 311,868 | | | | | | 2,862 | | |
(1)
The number of shares beneficially owned is determined in accordance with Rule 13d-3 of the Securities Exchange Act of 1934, as amended, and the information is not necessarily indicative of beneficial ownership for any other purpose.
(2)
The table assumes that the selling stockholders will sell all of their shares being offered pursuant to this prospectus. We are unable to determine the exact number of shares that will actually be sold pursuant to this prospectus.
RISK FACTORS
An investment in our common stock involves a high degree of risk. Prior to making a decision about investing in our common stock, you should carefully consider any specific factors discussed herein together with all of the other information appearing or incorporated by reference in this prospectus. You should also consider the risks, uncertainties and assumptions discussed under Item 1A, “Risk Factors,” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2022, which is incorporated herein by reference, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the SEC in the future. The risks and uncertainties we have described are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also affect our operations.