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

Rhea-AI Summary

LivePerson, Inc. (NASDAQ: LPSN) announced on January 26, 2023, that it has granted equity-based incentive awards under its 2018 Inducement Plan. The grants include Restricted Stock Units (RSUs) totaling 47,603 shares to two employees and stock options of 18,349 shares to another employee. These awards are part of LivePerson's efforts to attract new talent and vest in equal tranches over three to four years, contingent on continued employment. The company emphasizes its position as a leader in AI-powered customer engagement, serving major brands like HSBC and GM Financial.

Positive

• Attracts new talent through equity-based incentive awards.
• Establishes long-term employee commitment with vesting structure.

Negative

• None.

NEW YORK, Jan. 26, 2023 /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 January 24, 2023, LivePerson has made grants of RSUs to 2 employees totaling 47,603 shares and made a grant of stock options to one employee of 18,349 shares.

RSU and stock option grants generally vest in equal tranches over 3 to 4 years under the Inducement Plan. All grants 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 global leader in AI-powered customer engagement. Hundreds of the world's leading brands — including HSBC, Virgin Media, and GM Financial — use our Conversational Cloud platform to engage with millions of consumers as personally as they would with one. We power 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.

Contact:
Mike Tague
pr@liveperson.com

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SOURCE LivePerson, Inc.

FAQ

What did LivePerson announce on January 26, 2023?

LivePerson announced the granting of equity-based incentive awards under its 2018 Inducement Plan.

How many shares were granted to employees of LivePerson?

LivePerson granted 47,603 shares as RSUs to two employees and 18,349 shares as stock options to one employee.

What is the purpose of LivePerson's 2018 Inducement Plan?

The Inducement Plan aims to provide equity-based incentives to attract new hires.

What companies utilize LivePerson's Conversational Cloud platform?

Major brands like HSBC, Virgin Media, and GM Financial utilize LivePerson's platform.