LivePerson (NASDAQ: LPSN) CFO sells 931 shares to cover tax liability
Rhea-AI Filing Summary
LIVEPERSON INC CFO and COO John DeNeen Collins sold 931 shares of common stock at $2.72 per share. The shares were sold automatically by the issuer to cover his tax liability from the vesting and settlement of performance-based restricted stock units. Following the transaction, he directly holds 116,927 shares, and this number includes 103,764 unvested restricted stock units.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 931 shares
Net Sell
1 txn
Insider
Collins John DeNeen
Role
CFO and COO
Sold
931 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 931 | $2.72 | $3K |
Holdings After Transaction:
Common Stock — 116,927 shares (Direct)
Footnotes (2)
- F1. Shares sold automatically by the issuer in order to cover the reporting person's tax liability incurred in connection with the vesting and settlement of the reporting person's performance-based restricted stock units.
- F2. Number reported includes 103,764 unvested restricted stock units granted to and held by the reporting person following the reported transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LivePerson (LPSN) report for John DeNeen Collins?
LivePerson reported that CFO and COO John DeNeen Collins sold 931 common shares at $2.72 per share. The sale was automatic, executed by the issuer to cover taxes from vesting performance-based restricted stock units.
Was the LivePerson (LPSN) insider sale by John DeNeen Collins an open-market decision?
The transaction is coded as an open-market sale, but the footnote explains the shares were sold automatically by the issuer. The purpose was to cover John DeNeen Collins’s tax liability from vesting performance-based restricted stock units.
What role do restricted stock units play in this LivePerson (LPSN) Form 4?
The sale covers taxes tied to vesting performance-based restricted stock units. A footnote states Collins’s reported holdings include 103,764 unvested restricted stock units, highlighting that a substantial portion of his compensation remains equity-based and subject to future vesting.