Restricted stock grant lifts LiveWire Group (NYSE: LVWR) director holdings

Rhea-AI Filing Summary

LiveWire Group, Inc. director Mizuno Hiromichi received an equity compensation award in the form of restricted stock units. The grant covers 88,029 units, each representing the right to receive one share of common stock.

After this award, Mizuno holds 281,369 common shares directly. The restricted stock units will vest on the earlier of the next annual meeting of stockholders or the first anniversary of the grant date, as long as he continues to serve as a director through that date. This is a non-cash, compensation-related acquisition rather than an open-market stock purchase or sale.

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)

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Key Figures

RSU grant size: 88,029 units Shares after transaction: 281,369 shares Grant price per share: $0.00 per share +1 more

4 metrics

RSU grant size 88,029 units Restricted stock units granted to director on May 21, 2026

Shares after transaction 281,369 shares Common stock directly owned following the grant

Grant price per share $0.00 per share Non-cash equity compensation award

Vesting condition Earlier of next annual meeting or grant anniversary Subject to continued service as director through vesting date

Key Terms

restricted stock units, contingent right, vest

3 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.

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)

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:

	/s/ Allen Gerrard, Attorney-in-Fact	05/27/2026
	** 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 LVWR director Mizuno Hiromichi report?

Mizuno Hiromichi reported receiving a grant of 88,029 restricted stock units. Each unit represents the right to receive one share of LiveWire Group common stock, making this a compensation-related equity award rather than an open-market stock purchase or sale.

How many LVWR shares does Mizuno Hiromichi hold after this Form 4?

Following the reported grant, Mizuno Hiromichi directly holds 281,369 shares of LiveWire Group common stock. This figure includes the impact of the new restricted stock unit award as disclosed, giving a snapshot of his direct ownership position after the transaction.

What are the vesting terms for Mizuno Hiromichi’s LVWR restricted stock units?

The restricted stock units vest on the earlier of the next annual stockholders’ meeting or the grant date’s anniversary. Vesting is contingent on Mizuno Hiromichi’s continued service as a director through that date, aligning the award with ongoing board service.

Did Mizuno Hiromichi buy or sell LVWR shares on the market?

No open-market buy or sell occurred in this Form 4. The filing shows a grant of restricted stock units at a price of $0.00 per share, reflecting a compensation award rather than a market transaction in LiveWire Group stock.

What does each LVWR restricted stock unit granted to Mizuno represent?

Each restricted stock unit represents a contingent right to receive one share of LiveWire Group common stock. The units convert into shares only upon vesting, which depends on the specified time-based schedule and Mizuno Hiromichi’s continued board service.