LivePerson Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Rhea-AI Summary

LivePerson (Nasdaq: LPSN) has disclosed equity-based incentive awards granted under its 2018 Inducement Plan, designed to provide incentives to new employees. The company made the following grants in Q1 2025:

In July, 1 grant of 16,000 RSUs was awarded, while in May, 2 grants totaling 51,000 RSUs were distributed. No awards were granted in April and June. All RSUs will vest 50% annually over 2 years, contingent on continued employment.

NEW YORK, July 25, 2025 /PRNewswire/ -- LivePerson, Inc. (Nasdaq: LPSN) is providing confirmatory notice, in compliance with the requirements of Nasdaq Listing Rule 5635(c)(4), of recent grants of equity-based incentive awards that LivePerson made under the LivePerson Inc. 2018 Inducement Plan (the "Inducement Plan").

LivePerson established the Inducement Plan for the purpose of providing equity-based incentive awards to new hires and has done so during active periods of hiring. As such, LivePerson made grants under the Inducement Plan on various dates in connection with recent employee hirings which occurred during the first quarter of 2025.

In July, LivePerson granted inducement awards to newly hired employees consisting of 1 grant of restricted stock units ("RSUs") in respect of an aggregate of 16,000 shares of LivePerson's common stock. In May, LivePerson granted inducement awards consisting of 2 grants of RSUs in respect of an aggregate of 51,000 shares of common stock. In April and June, LivePerson granted no inducement awards. These RSUs will vest 50% per year over 2 years, subject to each grantee's continued employment over the scheduled vesting date.

All of the RSUs are subject to the grantee's continued employment on the scheduled vesting date. Each RSU award that was granted under the Inducement Plan was granted as an inducement that was material to the grantee's entering into employment with LivePerson.

About LivePerson, Inc.
LivePerson (NASDAQ: LPSN) is a leader in trusted enterprise conversational AI and digital transformation. The world's leading brands — including HSBC, Virgin Media and Chipotle — use our award-winning Conversational Cloud platform to connect with millions of consumers. We power nearly a billion conversational interactions every month, providing uniquely rich data analytics and safety tools to unlock the power of conversational AI for better business outcomes. Fast Company named LivePerson the #1 Most Innovative AI Company in the world. Learn more at liveperson.com.

Investor Contact: ir-lp@liveperson.com

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SOURCE LivePerson, Inc.

FAQ

What equity awards did LivePerson (LPSN) grant in Q1 2025?

LivePerson granted 1 RSU award of 16,000 shares in July and 2 RSU grants totaling 51,000 shares in May 2025. No awards were granted in April and June.

What are the vesting terms for LivePerson's (LPSN) recent RSU grants?

The RSUs will vest 50% per year over a 2-year period, subject to the grantee's continued employment through the scheduled vesting dates.

Why did LivePerson (LPSN) issue these inducement grants?

The grants were made as material inducements for new employees joining LivePerson, issued under the company's 2018 Inducement Plan which was established to provide equity-based incentives to new hires.

How many shares of LivePerson (LPSN) common stock were granted in total?

A total of 67,000 shares of LivePerson common stock were granted as RSUs, with 16,000 shares in July and 51,000 shares in May 2025.