LivePerson director’s 23,350 RSUs canceled in merger
LIVEPERSON INC (LPSN) director Nathan Lane reported a disposition of equity awards in connection with the completion of the company’s merger with SoundHound AI, Inc. on September 4, 2026.
Rhea-AI Filing Summary
LIVEPERSON INC (LPSN) director Nathan Lane reported a disposition of equity awards in connection with the completion of the company’s merger with SoundHound AI, Inc. on September 4, 2026. A total of 23,350 restricted stock units were cancelled and converted into the right to receive the Per Share Merger Consideration under the Amended and Restated Merger Agreement. After this transaction, Lane reported holding no shares of LivePerson common stock directly, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2, F3 | 23,350 | -- | -- |
Footnotes (3)
- 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. Represents 23,350 restricted stock units previously awarded by the Issuer ("Company RSUs") and held by the reporting person immediately prior to the First Effective Time (as defined in the Merger Agreement).
- F3. Pursuant to the Merger Agreement, at the First Effective Time, these Company RSUs were cancelled and converted into the right to receive the Per Share Merger Consideration, subject to the terms and conditions of the Merger Agreement, in respect of each share of Issuer common stock subject to such Company RSU.
Key Figures
Key Terms
restricted stock units financial
Amended and Restated Merger Agreement regulatory
surviving corporation financial
indirect wholly owned subsidiary financial
FAQ
What did LivePerson (LPSN) director Nathan Lane report in this Form 4?
What is Nathan Lane’s direct LivePerson (LPSN) holding after this Form 4 transaction?
Was the LivePerson (LPSN) Form 4 transaction under a Rule 10b5-1 plan?
How were Nathan Lane’s LivePerson (LPSN) RSUs treated in the SoundHound AI merger?
What corporate action triggered the Form 4 reporting for LivePerson (LPSN)?
AI-generated analysis. How Rhea-AI works. Not financial advice.