LiveWire director granted 88,029 RSUs

Gruner Kjell reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Gruner Kjell reported acquisition or exercise transactions in this Form 4 filing.

LiveWire Group, Inc. director Kjell Gruner received a grant of 88,029 restricted stock units, each representing a right to one share of common stock. This is a compensation award at no cash cost to him, not an open-market purchase.

The restricted stock units will vest on the earlier of the next annual stockholder meeting or the first anniversary of the grant date, as long as he continues serving as a director through that date. After this grant, Gruner holds 209,389 shares of LiveWire common stock directly.

Insider Trade Summary

Grant/Award: 88,029 shares

Grant/Award 1 txn

Insider Gruner Kjell

Role Director

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

Holdings After Transaction: Common Stock — 209,389 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Restricted stock units granted: 88,029 units Transaction price per share: $0.0000 per share Shares held after transaction: 209,389 shares

3 metrics

Restricted stock units granted 88,029 units Grant to director Kjell Gruner on May 21, 2026

Transaction price per share $0.0000 per share Compensation grant, not an open-market purchase

Shares held after transaction 209,389 shares Total direct LiveWire common stock holdings post-grant

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did LiveWire Group (LVWR) director Kjell Gruner report on this Form 4?

Kjell Gruner reported receiving 88,029 restricted stock units of LiveWire Group common stock. This is a stock-based compensation award at no purchase price, increasing his direct holdings to 209,389 shares after the grant.

Is Kjell Gruner buying or selling LiveWire Group (LVWR) shares in this filing?

He is not buying or selling in the open market. The filing shows an acquisition via a grant of 88,029 restricted stock units as director compensation, with no cash paid per share and no shares sold.

How many LiveWire Group (LVWR) shares does Kjell Gruner hold after this grant?

After the grant, Kjell Gruner directly holds 209,389 shares of LiveWire Group common stock. This total includes the newly granted restricted stock units, which convert into shares as they vest under the award terms.

What are the vesting terms of Kjell Gruner’s LiveWire (LVWR) restricted stock units?

The 88,029 restricted stock units vest on the earlier of the next annual meeting of stockholders or the grant date’s anniversary. Vesting requires Kjell Gruner to continue serving as a director through that vesting date.

Did Kjell Gruner pay anything for the LiveWire Group (LVWR) restricted stock units?

No cash payment was made for these units. The transaction price per share is reported as 0.0000, indicating a compensation grant rather than an open-market purchase, consistent with typical director equity awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 08:33 PM EDT Learn about SEC filing dates

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^*

Gruner Kjell

(Last) (First) (Middle)

3700 WEST 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	209,389	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	05/26/2026
	** 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)