LiveWire Group (LVWR) awards 88,029 RSUs to board director

Rhea-AI Filing Summary

Mizuno Hiromichi reported acquisition or exercise transactions in this Form 4 filing.

LiveWire Group director Mizuno Hiromichi received a grant of 88,029 restricted stock units of common stock. Each unit represents one share and will vest on the earlier of the next annual stockholder meeting or the grant-date anniversary, subject to continued board service. Following this award, the director holds 281,369 shares/units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mizuno Hiromichi

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	88,029	$0.00	--

Holdings After Transaction: Common Stock — 281,369 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 88,029 units Grant price per share: $0.0000 per share Total holdings after grant: 281,369 shares/units +1 more

4 metrics

RSU grant size 88,029 units Restricted stock unit award to director on 2026-05-21

Grant price per share $0.0000 per share Compensatory equity award, no cash paid by director

Total holdings after grant 281,369 shares/units Director’s direct ownership following reported transaction

Vesting trigger Next annual meeting or grant anniversary RSUs vest on earlier of these dates, subject to service

Key Terms

restricted stock units, contingent right, vest, annual meeting of stockholders

4 terms

restricted stock units financial

"The transaction reported is a grant of 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.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

vest financial

"The restricted stock units will vest on the earlier of the next annual meeting"

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.

annual meeting of stockholders financial

"will vest on the earlier of the next annual meeting of stockholders"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mizuno Hiromichi

(Last) (First) (Middle)

3700 W. JUNEAU AVENUE

(Street)

MILWAUKEE WISCONSIN 53208

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/27/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/21/2026		A		88,029(1)	A	$0	281,369	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transaction reported is a grant of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units will vest on the earlier of the next annual meeting of stockholders or the anniversary of the grant date, subject to the director's continued service through such date.

Remarks:

Updated Power of Attorney was unintentionally omitted from previous filing.

	/s/ Allen Gerrard, Attorney-in-Fact	06/09/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider transaction did LiveWire Group (LVWR) report for Mizuno Hiromichi?

LiveWire Group reported a grant of 88,029 restricted stock units to director Mizuno Hiromichi. These units are a form of equity compensation that convert into common shares once vesting conditions are satisfied, aligning the director’s interests with shareholders over time.

How many LiveWire Group (LVWR) shares does Mizuno Hiromichi hold after this grant?

After the restricted stock unit grant, Mizuno Hiromichi holds 281,369 shares or units of LiveWire Group common stock directly. This total reflects the new award added to his prior holdings, as reported in the amended Form 4 insider filing.

What are the vesting terms of the new LVWR restricted stock units?

The 88,029 restricted stock units vest on the earlier of the next annual meeting of stockholders or the first anniversary of the grant date. Vesting is conditioned on Mizuno Hiromichi’s continued service as a director through the applicable vesting date.

Does the LVWR director pay for the newly granted restricted stock units?

No cash payment is required for this grant; the transaction price per share is reported as 0.0000. The award is compensation-based equity, with value realized when units vest and convert into common stock, assuming service-based conditions are met.

Is this LVWR Form 4/A transaction a market purchase or sale?

The filing describes a grant or award acquisition, not an open-market trade. The transaction code is “A,” indicating a compensatory grant of restricted stock units rather than a purchase or sale executed in the market for cash consideration.