LiveWire Group (LVWR) officer Lehrbaum discloses 72,583-share equity stake in Form 3

Rhea-AI Filing Summary

LiveWire Group, Inc. executive Dan Lehrbaum, Head of Product Development & Design, filed an initial ownership report showing holdings of 72,583 shares of common stock. This amount includes multiple grants of restricted stock units that vest between February 2027 and February 2029 on specified schedules.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lehrbaum Dan

Role Head of Product Dev. & Design

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 72,583 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Total common stock holdings: 72,583 shares 2024 RSU grant: 2,255 units 2025 RSU grant: 16,884 units +2 more

5 metrics

Total common stock holdings 72,583 shares Total shares following reporting on Form 3

2024 RSU grant 2,255 units Restricted stock units granted February 21, 2024 vesting February 21, 2027

2025 RSU grant 16,884 units Restricted stock units granted February 19, 2025, half vesting in 2027 and 2028

June 2025 RSU grant 838 units Restricted stock units granted June 6, 2025, half vesting in 2027 and 2028

2026 RSU grant 26,646 units Restricted stock units granted February 19, 2026, one-third vesting 2027-2029

Key Terms

restricted stock units, vest, beneficial ownership

3 terms

restricted stock units financial

"The shares include the following restricted stock units: (i) 2,255 restricted stock units that were granted on February 21, 2024..."

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.

vest financial

"restricted stock units that were granted on February 21, 2024 that vest on February 21, 2027..."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

beneficial ownership financial

"The shares include the following restricted stock units..."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Lehrbaum Dan

(Last) (First) (Middle)

3700 W JUNEAU AVENUE

(Street)

MILWAUKEE WISCONSIN 53208

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/06/2026

3. Issuer Name and Ticker or Trading Symbol
LiveWire Group, Inc. [ LVWR ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Head of Product Dev. & Design

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	72,583(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares include the following restricted stock units: (i) 2,255 restricted stock units that were granted on February 21, 2024 that vest on February 21, 2027, (ii) 16,884 restricted stock units that were granted on February 19, 2025, one-half of which units vest on February 19, 2027 and 2028 (ii) 838 restricted stock units that were granted on June 6, 2025, one-half of which units vest on June 6, 2027 and 2028, (iv) 26,646 restricted stock units that were granted on February 19, 2026, one-third of which units vest on each of February 19, 2027, 2028 and 2029.

Remarks:

	/s/ Allen Gerrard, Attorney-in-Fact	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Dan Lehrbaum’s Form 3 filing show for LiveWire Group (LVWR)?

The Form 3 shows that Dan Lehrbaum holds 72,583 shares of LiveWire Group common stock. This total includes several restricted stock unit awards that vest over multiple dates from February 2027 through February 2029, reflecting his current equity-based stake as an officer.

How many LiveWire Group (LVWR) shares does Dan Lehrbaum report owning?

Dan Lehrbaum reports beneficial ownership of 72,583 shares of LiveWire Group common stock. This figure includes both currently issued shares and unvested restricted stock units that are scheduled to vest over time according to the award terms described in the filing footnote.

What restricted stock units are included in Dan Lehrbaum’s LVWR holdings?

His holdings include 2,255 restricted stock units granted on February 21, 2024, 16,884 units granted on February 19, 2025, 838 units granted on June 6, 2025, and 26,646 units granted on February 19, 2026, all subject to time-based vesting conditions.

When do Dan Lehrbaum’s LiveWire Group restricted stock units vest?

The RSUs vest on multiple future dates: all 2,255 units on February 21, 2027; half of the 16,884 units on each of February 19, 2027 and 2028; half of the 838 units on June 6, 2027 and 2028; and one-third of 26,646 units in 2027, 2028, and 2029.

What is Dan Lehrbaum’s role at LiveWire Group (LVWR) in this Form 3?

In this Form 3, Dan Lehrbaum is identified as an officer of LiveWire Group, serving as Head of Product Development & Design. The filing details his equity ownership position through common stock and restricted stock units tied to his executive compensation.

Does Dan Lehrbaum’s Form 3 show any recent buy or sell transactions in LVWR stock?

The Form 3 reflects Lehrbaum’s existing ownership as of the reporting date rather than new buy or sell transactions. It lists total common stock holdings and the composition of unvested restricted stock units, without indicating open-market purchases or sales.