LiveWire Group (LVWR) officer discloses equity award vesting and tax withholding on Form 4

Rhea-AI Filing Summary

LiveWire Group, Inc. officer and Head of Product Development & Design reported equity transactions in company stock. On 12/02/2025, the insider acquired 2,564 shares of common stock at $0 upon the vesting of performance stock units. On the same date, the insider surrendered 2,288 shares and 1,009 shares of common stock at $4.21 per share to LiveWire to cover tax withholding tied to vesting of restricted and performance stock units. After these transactions, the insider directly beneficially owned 144,911 shares of common stock, including 130,621 unvested restricted stock units that each represent the contingent right to receive one share upon vesting.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Ragland Ryan

Role Head of Product Dev. & Design

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,564	$0.00	--
Tax Withholding	Common Stock	2,288	$4.21	$10K
Tax Withholding	Common Stock	1,009	$4.21	$4K

Holdings After Transaction: Common Stock — 148,208 shares (Direct)

Footnotes (1)

1. Reflects shares of common stock received upon vesting of performance stock units. Reflects shares of common stock surrendered to Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units. Reflects shares of common stock surrendered to Issuer to satisfy tax withholding obligations in connection with the vesting of performance stock units. Includes 130,621 unvested restricted stock units with each unit representing the contingent right to receive one share of the Issuer's common stock upon vesting.

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
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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^*

Ragland Ryan

(Last) (First) (Middle)

3700 W JUNEAU AVENUE

(Street)

MILWAUKEE WI 53208

(City) (State) (Zip)

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

5. 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

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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

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 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	12/02/2025		A		2,564(1)	A	$0	148,208	D
Common Stock	12/02/2025		F		2,288(2)	D	$4.21	145,920	D
Common Stock	12/02/2025		F		1,009(3)	D	$4.21	144,911(4)	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. Reflects shares of common stock received upon vesting of performance stock units.

2. Reflects shares of common stock surrendered to Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

3. Reflects shares of common stock surrendered to Issuer to satisfy tax withholding obligations in connection with the vesting of performance stock units.

4. Includes 130,621 unvested restricted stock units with each unit representing the contingent right to receive one share of the Issuer's common stock upon vesting.

Remarks:

	/s/ Allen Gerrard, Attorney-in-fact	12/04/2025
	** 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.

FAQ

What insider transaction did the LiveWire Group (LVWR) officer report?

The Head of Product Development & Design reported acquiring 2,564 shares of LiveWire Group common stock on 12/02/2025 upon vesting of performance stock units.

Why were some LiveWire Group (LVWR) shares surrendered by the insider?

The insider surrendered 2,288 shares and 1,009 shares of LiveWire Group common stock at $4.21 per share to the company to satisfy tax withholding obligations related to vesting of restricted and performance stock units.

How many LiveWire Group (LVWR) shares does the insider own after the reported Form 4 transactions?

Following the reported transactions, the insider directly beneficially owned 144,911 shares of LiveWire Group common stock.

How many unvested restricted stock units does the LiveWire Group (LVWR) insider hold?

The insider’s holdings include 130,621 unvested restricted stock units, each representing the contingent right to receive one share of LiveWire Group common stock upon vesting.

What role does the reporting person hold at LiveWire Group (LVWR)?

The reporting person is an officer of LiveWire Group and serves as Head of Product Development & Design.

Was this LiveWire Group (LVWR) Form 4 filed for more than one reporting person?

No. The Form 4 was filed as a Form filed by One Reporting Person, not jointly with others.