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

Rhea-AI Summary

On June 29, 2022, LivePerson (NASDAQ: LPSN) announced recent grants of equity-based incentive awards under its 2018 Inducement Plan, complying with Nasdaq Listing Rule 5635(c)(4). The company granted a total of 123,729 Restricted Stock Units (RSUs) to 11 employees and stock options totaling 94,451 shares to 5 employees. These awards vest 25% per year over four years contingent on continued employment. LivePerson specializes in AI-powered customer engagement solutions, serving brands like HSBC and GM Financial.

NEW YORK, June 29, 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 June 29, 2022, LivePerson has made grants of RSUs to 11 employees totaling 123,729 Shares and grants of stock options to 5 employees totaling 94,451 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 inducement material to the grantee entering into employment with the Company.

About LivePerson, Inc.
LivePerson (NASDAQ: LPSN) is a global leader in customer engagement solutions. We create AI-powered digital experiences that feel Curiously Human. Our customers — including leading brands like HSBC, Orange, and GM Financial — have conversations with millions of consumers as personally as they would with one. Our Conversational Cloud platform powers nearly a billion conversational interactions every month, providing a uniquely rich data set to build connections that reduce costs, increase revenue, and 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 were the equity grants reported by LivePerson on June 29, 2022?

LivePerson granted 123,729 Restricted Stock Units (RSUs) to 11 employees and 94,451 stock options to 5 employees under its 2018 Inducement Plan.

How do the stock option grants vest for LivePerson employees?

The stock options and RSUs vest 25% per year over a four-year period, dependent on the employee's continued employment.

What is the purpose of LivePerson's Inducement Plan?

The Inducement Plan is designed to provide equity-based incentive awards to new hires as a material inducement for entering employment.

Is LivePerson compliant with Nasdaq regulations regarding equity awards?

Yes, LivePerson's equity grants were reported in compliance with Nasdaq Listing Rule 5635(c)(4).

Which companies does LivePerson serve?

LivePerson serves several leading brands, including HSBC, Orange, and GM Financial, with its AI-powered customer engagement solutions.