LIVEPERSON (LPSN) CFO and COO reports small tax-driven share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LIVEPERSON INC executive John DeNeen Collins, the CFO and COO, reported a small share disposition linked to tax obligations rather than a discretionary trade. On the reported date, 7,203 shares of common stock were sold at $2.18 per share to cover his tax liability from vesting restricted stock units.
After this transaction, Collins directly held 109,724 shares of common stock, which includes 84,053 unvested restricted stock units that remain subject to future vesting. The filing reflects a routine, compensation-related tax event, not an open-market decision to reduce his investment position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,203 shares ($15,703)
Net Sell
1 txn
Insider
Collins John DeNeen
Role
CFO and COO
Sold
7,203 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,203 | $2.18 | $16K |
Holdings After Transaction:
Common Stock — 109,724 shares (Direct, null)
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 84,053 unvested restricted stock units granted to and held by the reporting person following the reported transaction.
Key Figures
Shares sold: 7,203 shares
Sale price: $2.18 per share
Shares held after transaction: 109,724 shares
+1 more
4 metrics
Shares sold
7,203 shares
Common stock sold to cover RSU tax liability
Sale price
$2.18 per share
Price for the 7,203 shares sold
Shares held after transaction
109,724 shares
Direct common stock holdings following the sale
Unvested RSUs
84,053 units
Unvested restricted stock units included in post-transaction holdings
Key Terms
restricted stock units, tax liability, open-market sale, unvested
4 terms
restricted stock units financial
"in connection with the vesting of the reporting person's restricted stock units"
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.
tax liability financial
"sold automatically by the issuer in order to cover the reporting person's tax liability"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
unvested financial
"Number reported includes 84,053 unvested restricted stock units granted"
FAQ
What insider transaction did LIVEPERSON INC (LPSN) report for John DeNeen Collins?
LIVEPERSON reported that CFO and COO John DeNeen Collins had 7,203 common shares sold at $2.18 each. The shares were sold automatically to cover taxes triggered by the vesting of his restricted stock units, making this a compensation-related event rather than a discretionary sale.
Was the LPSN insider sale by John DeNeen Collins an open-market decision?
The sale was coded as an open-market transaction but was automatically executed to cover Collins’ tax liability from RSU vesting. This means it was a routine tax-withholding event tied to compensation, not a voluntary reduction of his economic exposure to LIVEPERSON stock.
What role do restricted stock units play in the LPSN insider filing for Collins?
The filing notes that Collins’ reported holdings include 84,053 unvested restricted stock units. These RSUs are part of his equity compensation and will vest over time, creating tax liabilities that can trigger automatic share sales like the one disclosed in this Form 4.
How large is the LPSN insider sale relative to John DeNeen Collins’ total holdings?
Collins had 7,203 shares sold for tax withholding while retaining 109,724 shares afterward. This indicates the disposition represents a relatively small portion of his overall reported holdings and is primarily an administrative step tied to equity compensation vesting.