LivePerson (LPSN) CEO shares sold automatically to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LIVEPERSON INC Chief Executive Officer Anthony John Sabino reported an automatic sale of 12,594 shares of common stock at $2.72 per share. According to the filing, these shares were sold by the issuer to cover the CEO’s tax liability from vesting restricted stock units.
After this tax-related sale, the CEO directly holds 196,171 shares of LivePerson common stock. A filing footnote states this amount includes 146,023 unvested restricted stock units that remain granted to and held by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,594 shares ($34,256)
Net Sell
1 txn
Insider
Sabino Anthony John
Role
Chief Executive Officer
Sold
12,594 shs ($34K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,594 | $2.72 | $34K |
Holdings After Transaction:
Common Stock — 196,171 shares (Direct)
Footnotes (1)
- Shares sold automatically by the issuer in order to cover the reporting person's tax liability incurred in connection with the vesting of the reporting person's restricted stock units. Number reported includes 146,023 unvested restricted stock units granted to and held by the reporting person following the reported transaction.
FAQ
What insider transaction did LivePerson (LPSN) report for its CEO?
LivePerson reported its CEO, Anthony John Sabino, had 12,594 common shares sold at $2.72 each. The filing explains the issuer sold these shares automatically to cover tax liabilities from vesting restricted stock units, rather than a discretionary open-market sale.
Do the unvested restricted stock units still count toward the CEO’s LivePerson holdings?
Yes. The filing notes that the 196,171 shares reported as held by the CEO include 146,023 unvested restricted stock units. These RSUs remain granted to him following the tax-covering sale and will typically settle into shares as they vest over time.