Vector Capital and Slusky Report 8.98M Shares, 9.29% of LivePerson

Rhea-AI Filing Summary

Vector Capital entities and Alexander R. Slusky report a shared beneficial ownership of 8,984,277 shares of LivePerson, Inc. common stock, representing 9.29% of the outstanding shares based on 96,624,957 shares outstanding as of August 1, 2025. The ownership is recorded across Vector Capital VI, L.P.; Vector Capital Management, L.P.; Vector Capital, L.L.C.; and Alexander R. Slusky, each showing 0 sole voting power and 8,984,277 shared voting and dispositive power. The filing states that recent transactions by the reporting persons in the past 60 days were executed in open market transactions and are detailed in Exhibit 99.1. The Schedule 13D amendment identifies source-of-funds codes and organizational jurisdictions for the reporting entities.

Positive

• Material ownership disclosed: Reporting persons collectively hold 8,984,277 shares, representing 9.29% of LivePerson's outstanding common stock.
• Transparency on recent trades: Transactions in the past 60 days are disclosed as open market trades and are provided in Exhibit 99.1.

Negative

• None.

Insights

Financial Analyst

TL;DR: A coordinated holder reports a meaningful 9.29% stake in LivePerson via shared voting/dispositive power, disclosed through a Schedule 13D amendment.

The filing documents a material disclosure of ownership size that can attract investor attention because ownership above 5% requires Schedule 13D reporting. The 9.29% position is concentrated as shared, not sole, voting or dispositive power, indicating control is exercised collectively by the Vector Capital entities and Mr. Slusky. Recent trades occurred in the open market and are summarized in an exhibit, which investors should consult for timing and pacing of purchases. This disclosure does not include operational commentary or proposed transactions; it is strictly ownership reporting.

Corporate Governance Expert

TL;DR: The group’s reported shared control of 8,984,277 shares (9.29%) is a material governance event but the filing contains no stated plans to change management or strategy.

The Schedule 13D amendment shows coordinated beneficial ownership across affiliated entities and an individual, which can trigger governance scrutiny and engagement expectations from other shareholders. The filing specifies shared voting/dispositive power rather than sole control, suggesting collaborative decision-making among the reporting persons. No litigation or selective exclusion of shares is disclosed. Absent any additional declarations, this remains an ownership disclosure rather than an explicit activist intent statement.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

LivePerson, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

538146101

(CUSIP Number)

Alexander Slusky
650 California St, 32nd Floor
San Francisco, CA, 94108
(415) 293-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/12/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 538146101

1

Name of reporting person

Vector Capital VI, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 8,984,277.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 8,984,277.00

11

Aggregate amount beneficially owned by each reporting person

8,984,277.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.29 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 538146101

1

Name of reporting person

Vector Capital Management, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 8,984,277.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 8,984,277.00

11

Aggregate amount beneficially owned by each reporting person

8,984,277.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.29 %

14

Type of Reporting Person (See Instructions)

OO, IA

SCHEDULE 13D

CUSIP No. 538146101

1

Name of reporting person

Vector Capital, L.L.C.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 8,984,277.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 8,984,277.00

11

Aggregate amount beneficially owned by each reporting person

8,984,277.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.29 %

14

Type of Reporting Person (See Instructions)

OO, HC

SCHEDULE 13D

CUSIP No. 538146101

1

Name of reporting person

Alexander R. Slusky

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 8,984,277.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 8,984,277.00

11

Aggregate amount beneficially owned by each reporting person

8,984,277.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.29 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.001 per share
(b)	Name of Issuer: LivePerson, Inc.
(c)	Address of Issuer's Principal Executive Offices: 530 7th Ave, Floor M1, New York, NEW YORK , 10018.
Item 5.	Interest in Securities of the Issuer
(a)	Each of the Reporting Persons' current ownership in the Issuer and the Issuer's Common Stock is set forth on the cover pages to this Schedule 13D and is incorporated by reference herein. The ownership percentages reported in this Schedule 13D are based on 96,624,957 shares of the Issuer's Common Stock issued and outstanding on August 1, 2025, as reported in the Issuer's Form 10-Q for the quarterly period ended June 30, 2025, filed on August 13, 2025.
(b)	Items 7 through 10 of each of the cover pages of this Schedule 13D are incorporated herein by reference.
(c)	Other than as disclosed in this Schedule 13D, as amended, the transactions by the Reporting Persons in the securities of the Issuer during the past sixty days are set forth in Exhibit 99.1 and such information is incorporated herein by reference. All such transactions were carried out in open market transactions
(d)	Not applicable
(e)	No applicable
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.1 - Transactions Effected by the Reporting Persons During the Past 60 Day.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vector Capital VI, L.P.

Signature:	/s/ David Baylor
Name/Title:	Director
Date:	08/14/2025

Vector Capital Management, L.P.

Signature:	/s/ Alexander R. Slusky
Name/Title:	Managing Member
Date:	08/14/2025

Vector Capital, L.L.C.

Signature:	/s/ Alexander R. Slusky
Name/Title:	Managing Member
Date:	08/14/2025

Alexander R. Slusky

Signature:	/s/ Alexander R. Slusky
Name/Title:	Alexander R. Slusky
Date:	08/14/2025

FAQ

How many LivePerson (LPSN) shares do Vector Capital and Alexander Slusky report owning?

The reporting persons disclose beneficial ownership of 8,984,277 shares, representing 9.29% of outstanding common stock.

What voting and dispositive power do the reporting persons claim over LPSN shares?

Each reporting person reports 0 sole voting power and 8,984,277 shared voting and shared dispositive power.

On what outstanding share count is the 9.29% calculated?

The percentage is based on 96,624,957 shares outstanding as of the issuer’s reported count on August 1, 2025.

Were the recent purchases by the reporting persons private or public trades?

The filing states recent transactions in the prior 60 days were executed in the open market and are summarized in Exhibit 99.1.

Does the Schedule 13D amendment state any plans to change LivePerson’s management or strategy?

No. The filing discloses ownership and recent transactions only and does not state any plans to change management or corporate strategy.