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

Rhea-AI Summary

LivePerson (LPSN) has disclosed equity-based incentive awards granted under its 2018 Inducement Plan during Q1 2025. The company issued restricted stock units (RSUs) to new employees across three months:

• March 2025: 3 grants totaling 154,000 shares
• February 2025: 2 grants totaling 34,000 shares
• January 2025: 2 grants totaling 516,000 shares

All RSUs will vest 50% annually over 2 years, contingent on continued employment. The total inducement grants for Q1 2025 amount to 704,000 shares. These awards were designed as material inducements for new hires joining LivePerson.

Positive

• Active hiring initiative indicating business expansion
• Structured vesting schedule (50% over 2 years) helps retain new talent

Negative

• Potential dilution of 704,000 shares from Q1 2025 RSU grants

NEW YORK, April 11, 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 March 2025, LivePerson granted inducement awards to newly hired employees consisting of 3 grants of restricted stock units ("RSUs") in respect of an aggregate of 154,000 shares of LivePerson's common stock. In February 2025, LivePerson granted inducement awards consisting of 2 grants of RSUs in respect of an aggregate of 34,000 shares of common stock, on the same vesting described above. In January 2025, LivePerson granted inducement awards consisting of 2 grants of RSUs in respect of an aggregate of 516,000 shares of common stock, on the same vesting described above. 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, Chipotle, and Virgin Media — 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/liveperson-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-302426683.html

SOURCE LivePerson, Inc.

FAQ

How many shares did LivePerson (LPSN) grant in RSUs during Q1 2025?

LivePerson granted a total of 704,000 shares in RSUs during Q1 2025, distributed across 7 grants.

What is the vesting schedule for LivePerson's (LPSN) 2025 inducement RSUs?

The RSUs vest 50% per year over a 2-year period, subject to continued employment.

What was the largest monthly RSU grant by LivePerson (LPSN) in Q1 2025?

January 2025 had the largest grant with 516,000 shares across 2 RSU grants.

Why did LivePerson (LPSN) issue these inducement grants in Q1 2025?

The grants were issued as material inducements to attract new employees to LivePerson during active hiring periods.