LPSN Form 4: CFO Sell‑to‑Cover 446,601 Shares at $0.629
Rhea-AI Filing Summary
John DeNeen Collins, CFO and COO of LivePerson, Inc. (LPSN), reported an insider sale tied to RSU vesting. On 09/25/2025 the reporting person disposed of 446,601 shares at $0.629 per share through an automatic sale the issuer executed to cover tax withholding arising from the vesting of restricted stock units (RSUs). After the transaction the reporting person beneficially owned 1,527,209 shares, which includes 1,043,573 unvested RSUs remaining.
This Form 4 shows a routine, issuer‑executed sell‑to‑cover related to equity compensation rather than an open‑market discretionary sale.
Positive
- None.
Negative
- None.
Insights
TL;DR: A routine sell‑to‑cover reduced immediate share count; remaining holdings include material unvested RSUs.
The reported disposal of 446,601 shares at $0.629 per share was executed automatically by the issuer to satisfy tax withholding on vested RSUs, per the filing. Such sell‑to‑cover transactions are common for executives receiving equity compensation and do not, by themselves, indicate a voluntary directional trade. The disclosure that 1,043,573 unvested RSUs remain provides useful context about the executive's continuing equity exposure.
TL;DR: Transaction appears procedural and disclosed; beneficial ownership remains significant including unvested awards.
The Form 4 explicitly states the shares were sold to cover tax liabilities from RSU vesting and provides post‑transaction beneficial ownership. From a governance and disclosure perspective, the filing complies with Section 16 reporting requirements and clarifies the nature of the sale. The presence of over one million unvested RSUs signals ongoing alignment with shareholder interests through future vesting, as documented in the filing.