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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.

(Neutral)
(Neutral)
Form Type
4

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 Lane Nathan
Role Director
Type Security Shares Price Value
Disposition Common Stock F1, F2, F3 23,350 -- --
Holdings After Transaction: Common Stock — 0 shares (Direct)
Footnotes (3)
  1. 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").
  2. 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).
  3. 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.
Restricted stock units disposed 23,350 units Company RSUs cancelled and converted at the First Effective Time on September 4, 2026
Date of RSU cancellation and conversion September 4, 2026 Effective date of the mergers under the Amended and Restated Merger Agreement
Direct holdings after transaction 0 shares Nathan Lane’s reported direct LivePerson common stock holdings following the RSU disposition
restricted stock units financial
"Represents 23,350 restricted stock units previously awarded by the Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Per Share Merger Consideration financial
"converted into the right to receive the Per Share Merger Consideration"
Amended and Restated Merger Agreement regulatory
"pursuant to the terms of the Amended and Restated Merger Agreement"
surviving corporation financial
"with the Issuer continuing as the surviving corporation as an indirect wholly owned subsidiary"
The surviving corporation is the company entity that continues to exist after a merger, consolidation, or similar reorganization; it absorbs the assets, liabilities, contracts, and business of the combining firms and remains on the legal books while the other entities cease to exist. For investors, it matters because ownership, shareholder rights, outstanding securities, and regulatory or listing obligations move into that single continuing company—think of it as the ship that all passengers board after two boats are joined together.
indirect wholly owned subsidiary financial
"the Issuer continuing as the surviving corporation as an indirect wholly owned subsidiary of Parent"

FAQ

What did LivePerson (LPSN) director Nathan Lane report in this Form 4?

He reported a disposition of 23,350 restricted stock units of LivePerson common stock on September 4, 2026, when these awards were cancelled and converted into the right to receive the Per Share Merger Consideration under the merger with SoundHound AI, Inc.

How many LivePerson (LPSN) shares or units were affected in the September 4, 2026 transaction?

The filing lists 23,350 restricted stock units that were previously awarded by LivePerson and held by Nathan Lane immediately prior to the First Effective Time; these RSUs were cancelled and converted into the right to receive the Per Share Merger Consideration.

What is Nathan Lane’s direct LivePerson (LPSN) holding after this Form 4 transaction?

After the September 4, 2026 transaction, Nathan Lane reported 0 shares of LivePerson common stock held directly, reflecting the cancellation and conversion of his remaining Company RSUs in connection with the merger.

Was the LivePerson (LPSN) Form 4 transaction under a Rule 10b5-1 plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported for this transaction; instead, the disposition resulted from the automatic treatment of awards under the Amended and Restated Merger Agreement with SoundHound AI, Inc.

How were Nathan Lane’s LivePerson (LPSN) RSUs treated in the SoundHound AI merger?

His Company RSUs were cancelled at the First Effective Time and converted into the right to receive the Per Share Merger Consideration for each share of LivePerson common stock underlying the RSUs, subject to the terms and conditions of the Merger Agreement.

What corporate action triggered the Form 4 reporting for LivePerson (LPSN)?

On September 4, 2026, Lightspeed Merger Sub Inc. and Lightspeed Merger Sub II Inc. each merged with and into LivePerson under the Merger Agreement with SoundHound AI, Inc., with LivePerson continuing as the surviving corporation as an indirect wholly owned subsidiary.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lane Nathan

(Last)(First)(Middle)
C/O LIVEPERSON, INC.
530 7TH AVE., FLOOR M1

(Street)
NEW YORK NEW YORK 10018

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
LIVEPERSON INC [ LPSN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/04/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock09/04/2026D23,350D(1)(2)(3)0D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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").
2. 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).
3. 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.
Remarks:
/s/ Monica L. Greenberg, Attorney-in-Fact for Nathan Lane09/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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