LivePerson Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Rhea-AI Summary

LivePerson, Inc. (Nasdaq: LPSN) has announced recent equity-based incentive awards under its 2018 Inducement Plan, compliant with Nasdaq Listing Rule 5635(c)(4). Following new employee hires through April 18, 2022, the company granted RSUs to 67 employees totaling 525,248 shares and stock options to 13 employees totaling 220,463 shares. These awards vest over four years and are contingent upon continuous employment. LivePerson is recognized for its Conversational AI technology, serving major clients like HSBC and GM Financial.

Positive

• Granting of RSUs and stock options to attract and retain talent
• Total of 745,711 shares incentivizing 80 employees enhances workforce stability

Negative

• None.

NEW YORK, May 10, 2022 /PRNewswire/ -- LivePerson, Inc. (Nasdaq: LPSN) is providing confirmatory notice, pursuant to the requirements of Nasdaq Listing Rule 5635(c)(4), of recent grants of equity-based incentive awards that LivePerson made under its Inducement Plan.

LivePerson established the LivePerson Inc. 2018 Inducement Plan (the "Inducement Plan") to provide equity-based incentive awards to new hires. In connection with recent employee hires through April 18, 2022, LivePerson has made grants of RSUs to 67 employees totaling 525,248 Shares and grants of stock options to 13 employees totaling 220,463 Shares.

All RSU and stock option grants vest 25% per year over 4 years and are subject to the grantee's continued employment on the scheduled vesting date. Each award under the Inducement Plan was granted as an inducement material to the grantee entering into employment with the Company.

About LivePerson, Inc.

LivePerson (NASDAQ: LPSN) is a leading Conversational AI company creating digital experiences that are Curiously Human. Every person is unique, and our technology makes it possible for companies to treat their audiences that way at scale. Our customers, including leading brands like HSBC, Orange, and GM Financial, can now meet consumers where they are across social media, messaging, email, voice, and more. Nearly a billion conversational interactions are powered by our Conversational Cloud each month. Out of that comes a uniquely rich data set for AI for brands to build connections that are anything but artificial. Fast Company named us the #1 Most Innovative AI Company in the world. To talk with us or our Conversational AI, please visit liveperson.com.

Media Contact:
Mike Tague
pr@liveperson.com

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SOURCE LivePerson, Inc.

FAQ

What recent actions did LivePerson take regarding employee compensation?

LivePerson granted equity-based incentive awards to 80 employees under its 2018 Inducement Plan, including RSUs and stock options.

How many shares were granted to employees at LivePerson?

A total of 745,711 shares were granted, including 525,248 RSUs and 220,463 stock options.

What is the vesting schedule for LivePerson's stock options?

The stock options and RSUs vest 25% per year over four years, contingent on continued employment.

When were the employee hires that triggered the grants at LivePerson?

The grants were made in connection with employee hires through April 18, 2022.

Is LivePerson compliant with Nasdaq regulations regarding stock grants?

Yes, the grants were made in compliance with Nasdaq Listing Rule 5635(c)(4).