LivePerson director exits 43,655 shares in merger
LivePerson director William Wesemann’s LivePerson equity was eliminated or converted into SoundHound AI stock rights upon completion of the merger.
Rhea-AI Filing Summary
LIVEPERSON INC (LPSN) director William Wesemann reported dispositions tied to the completion of a merger with SoundHound AI, Inc. on September 4, 2026. All 43,655 shares of LivePerson common stock held directly were cancelled and converted into the right to receive 0.4673 shares of SoundHound AI Class A common stock per LivePerson share, and stock options covering 7,067 shares were cancelled without payment because their exercise prices exceeded the cash-equivalent merger consideration.
No Rule 10b5-1 trading plan is reported, and following these transactions Wesemann holds 0 LivePerson shares or options.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 50,722 shares
Disposition
2 txns
Insider
Wesemann William
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) F4, F3 | 7,067 | -- | -- |
| Disposition | Common Stock F1, F2, F3 | 43,655 | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (4)
- F1. On September 4, 2026, pursuant to the terms of the Amended and Restated Merger Agreement, dated as of July 2, 2026 (the "Merger Agreement"), by and among the Issuer, SoundHound AI, Inc., a Delaware corporation (the "Parent"), Lightspeed Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), and Lightspeed Merger Sub II Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub II"), Merger Sub merged with and into the Issuer and immediately thereafter, Merger Sub II merged with and into the Issuer, with the Issuer continuing as the surviving corporation as an indirect wholly owned subsidiary of Parent (the "Mergers").
- F2. In connection with the Mergers, each share of Issuer common stock was cancelled and converted into the right to receive 0.4673 fully paid and nonassessable shares of Parent's Class A common stock (the "Per Share Merger Consideration"), subject to the terms and conditions of the Merger Agreement.
- F3. This number reflects the Issuer's 1-for-15 reverse stock split effected October 13, 2025.
- F4. Pursuant to the Merger Agreement, each option to acquire shares of Issuer common stock (each "Option") previously granted by the Issuer to the reporting person that was outstanding and unexercised immediately prior to the First Effective Time, whether vested or unvested, was cancelled without any payment in respect thereof because the per-share exercise price of each Option exceeded the Per Share Cash Equivalent Consideration (as defined in the Merger Agreement).
Key Figures
Common shares disposed: 43,655 shares
Options cancelled: 7,067 options
Share exchange ratio: 0.4673 shares
+4 more
7 metrics
Common shares disposed
43,655 shares
LivePerson common stock cancelled and converted in the merger on September 4, 2026
Options cancelled
7,067 options
Stock options to acquire LivePerson common shares cancelled without payment at the merger
Share exchange ratio
0.4673 shares
SoundHound AI Class A shares per share of LivePerson common stock
Post-transaction LivePerson holdings
0 shares
Shares of LivePerson common stock held directly by William Wesemann after the merger transactions
Reverse stock split ratio
1-for-15
LivePerson reverse stock split effected October 13, 2025, reflected in reported share counts
Merger agreement date
July 2, 2026
Date of Amended and Restated Merger Agreement among LivePerson, SoundHound AI and merger subsidiaries
Merger completion date
September 4, 2026
Date on which merger subsidiaries merged into LivePerson and these equity changes occurred
Key Terms
Per Share Merger Consideration, Amended and Restated Merger Agreement, reverse stock split, Per Share Cash Equivalent Consideration, +1 more
5 terms
Amended and Restated Merger Agreement regulatory
"pursuant to the terms of the Amended and Restated Merger Agreement, dated as of July 2, 2026"
reverse stock split financial
"This number reflects the Issuer's 1-for-15 reverse stock split effected October 13, 2025."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
indirect wholly owned subsidiary regulatory
"Lightspeed Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent"
FAQ
What did LivePerson director William Wesemann report in this Form 4 for LPSN?
He reported that, on September 4, 2026, all of his directly held 43,655 shares of LivePerson common stock were cancelled and converted into the right to receive SoundHound AI Class A shares, and options on 7,067 shares were cancelled without payment.
What happened to William Wesemann’s LivePerson stock options in this filing for LPSN?
Options to acquire 7,067 LivePerson shares were cancelled without any payment because the per-share exercise price of each option exceeded the defined Per Share Cash Equivalent Consideration under the merger agreement.
Was a Rule 10b5-1 trading plan involved in William Wesemann’s LPSN transactions?
No. The document-level Rule 10b5-1 checkbox is not selected, and there is no footnote indicating that the reported transactions occurred under a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
