LPSN Form 4: Chief Accounting Officer Sells 59,053 Shares for RSU Tax Withholding
Rhea-AI Filing Summary
Jeffrey Ford, Chief Accounting Officer of LivePerson, Inc. (LPSN), reported a Form 4 disclosing a sale of common stock on 09/24/2025. The filing shows 59,053 shares were sold at $0.639 per share to cover the reporting person's tax liability related to RSU vesting. After the transaction, the reporting person beneficially owned 406,617 shares, which includes 267,445 unvested restricted stock units (RSUs). The Form 4 was signed by an attorney-in-fact on 09/26/2025. All details reflect routine insider withholding and resulting change in reported beneficial ownership.
Positive
- Clear disclosure that the sale was to cover tax withholding from RSU vesting, reducing ambiguity about insider intent
- Detailed post-transaction ownership provided: 406,617 shares beneficially owned including 267,445 unvested RSUs
Negative
- Reduction of direct holdings by 59,053 shares due to the sale
Insights
TL;DR: Routine tax-withholding sale; modest reduction in reported shares, no new purchases or option exercises.
The transaction is a common administrative sale to satisfy tax obligations from RSU vesting rather than a market-driven divestiture. The sale of 59,053 shares at $0.639 reduced the reporting person's direct holdings, leaving 406,617 shares beneficially owned including 267,445 unvested RSUs. For investors, this signals no change in insider confidence beyond required tax-related liquidity.
TL;DR: Disclosure is timely and standard; use of attorney-in-fact signature is properly documented.
The Form 4 clearly states the nature of the disposition as automatic withholding to cover taxes associated with RSU vesting and provides the post-transaction ownership breakdown. Documentation includes an explanation of the withholding and an attorney-in-fact signature dated 09/26/2025, meeting standard filing practices for insider reporting.