LivePerson (NASDAQ: LPSN) CFO sells 931 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
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
- None.
Insider Trade Summary
Net Seller: 931 shares ($2,532)
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 (1)
- 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. Number reported includes 103,764 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 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.