LiveWire (LVWR) product chief awarded 96,567 RSUs, surrenders shares for tax

Rhea-AI Filing Summary

LiveWire Group, Inc. executive Ryan Ragland reported routine equity compensation and related tax withholding activity. He received a grant of 96,567 restricted stock units, each representing one future share of common stock, vesting in three equal annual installments and subject to forfeiture until vested.

To cover tax withholding on vesting restricted stock units, he disposed of 18,356 shares at $2.33 per share and 3,269 shares at $2.21 per share, both by surrendering shares back to the company rather than through open-market sales. After these transactions, he directly owned 216,798 shares of common stock, including 183,224 unvested restricted stock units.

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

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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)
02/19/2026

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	02/19/2026		F		18,356(1)	D	$2.33	123,500	D
Common Stock	02/19/2026		A		96,567(2)	A	$0	220,067	D
Common Stock	02/21/2026		F		3,269(1)	D	$2.21	216,798(3)	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 surrendered to Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

2. 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. One-third of the units granted vest on each of the first three anniversaries of the date of the grant. Units are subject to forfeiture until vested.

3. Includes 183,224 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	02/23/2026
	** 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.

FAQ

What insider transactions did LiveWire (LVWR) executive Ryan Ragland report?

Ryan Ragland reported a new grant of restricted stock units and share dispositions for tax withholding. He received 96,567 restricted stock units and surrendered 18,356 and 3,269 common shares to cover tax obligations tied to vesting equity awards.

How many LiveWire (LVWR) shares did Ryan Ragland dispose of for taxes?

Ragland disposed of 18,356 shares at $2.33 and 3,269 shares at $2.21 to satisfy tax withholding. These transactions were share surrenders to the issuer, not open-market sales, in connection with vesting restricted stock units.

What equity award did Ryan Ragland receive from LiveWire (LVWR)?

He received a grant of 96,567 restricted stock units at a stated price of $0.00 per unit. Each unit represents a contingent right to one share of common stock, vesting in three equal annual installments and forfeitable until vested.

How do Ryan Ragland’s LiveWire (LVWR) restricted stock units vest?

One-third of the 96,567 restricted stock units vests on each of the first three anniversaries of the grant date. Until vested, the units are subject to forfeiture and represent only a contingent right to receive common shares.

How many LiveWire (LVWR) shares does Ryan Ragland hold after these transactions?

After the reported transactions, Ragland directly owned 216,798 shares of common stock. This amount includes 183,224 unvested restricted stock units, each representing the contingent right to receive one share of LiveWire common stock upon vesting.

Were Ryan Ragland’s LiveWire (LVWR) share disposals open-market sales?

No. The share disposals were surrenders of shares to the issuer to satisfy tax withholding obligations on vesting restricted stock units. They are classified as tax-withholding dispositions, not discretionary open-market sales of LiveWire common stock.