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

Rhea-AI Summary

LivePerson, Inc. (Nasdaq: LPSN) announced the granting of equity-based incentive awards under its 2018 Inducement Plan. As of September 15, 2022, the company awarded a total of 76,975 restricted stock units (RSUs) to 7 employees and 88,309 stock options to 2 employees. These grants typically vest 25% annually over four years; however, many will fully vest within one year, contingent on continued employment. The awards aim to attract new talent and incentivize employee retention, aligning with Nasdaq Listing Rule 5635(c)(4).

Positive

• Incentive awards aimed at attracting new talent.
• Majority of grants vest within a year, indicating strong immediate incentives.

Negative

• None.

NEW YORK, Sept. 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 September 15, 2022, LivePerson has made grants of RSUs to 7 employees totaling 76,975 Shares and grants of stock options to 2 employees totaling 88,309 Shares.

RSU and stock option grants generally vest 25% per year over 4 years under the Inducement Plan. However, most of the grants reported in this release vest fully in one year. 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 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 recent grants did LivePerson (LPSN) announce?

LivePerson announced grants of 76,975 RSUs and 88,309 stock options under its Inducement Plan for new hires.

Who received the equity grants from LivePerson (LPSN)?

The grants were awarded to 7 employees in RSUs and 2 employees in stock options.

When were the equity grants made by LivePerson (LPSN)?

The grants were made in connection with employee hires through September 15, 2022.

What is the vesting schedule for the grants at LivePerson (LPSN)?

Most grants vest fully in one year, while standard RSUs vest 25% per year over four years.

What is the purpose of LivePerson's (LPSN) Inducement Plan?

The Inducement Plan provides equity-based incentive awards to attract and retain new employees.