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

Rhea-AI Summary

On March 1, 2023, LivePerson, Inc. (NASDAQ: LPSN) announced the issuance of equity-based incentive awards under its Inducement Plan as required by Nasdaq Listing Rule 5635(c)(4). The plan was established to attract new hires by providing stock options and RSUs. Recently, 23,272 shares were granted to one employee as part of this inducement strategy. Awards typically vest over 3 to 4 years, contingent on continued employment. LivePerson is recognized for its leadership in Conversational AI, serving major brands like HSBC and Virgin Media, and facilitating nearly a billion interactions monthly.

Positive

• Equity-based incentive awards granted to attract talent with 23,272 RSUs issued.
• Continued strengthening of employee retention through stock options and RSUs.

Negative

• None.

NEW YORK, March 1, 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 February 18, 2023, LivePerson has made grants of RSUs to 1 employee totaling 23,272 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 Conversational AI. Hundreds of the world's leading brands — including HSBC, Virgin Media, and Burberry — 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: 
pr@liveperson.com

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SOURCE LivePerson, Inc.

FAQ

What recent action did LivePerson take regarding employee incentives on March 1, 2023?

LivePerson announced the issuance of equity-based incentive awards under its Inducement Plan, granting 23,272 RSUs to one employee.

How does the Inducement Plan benefit LivePerson?

The Inducement Plan helps LivePerson attract and retain talent by offering equity-based incentives to new hires.

What is the vesting schedule for the equity awards granted by LivePerson?

The RSU and stock option grants typically vest in equal tranches over 3 to 4 years.

Which companies utilize LivePerson's Conversational AI platform?

Major brands like HSBC, Virgin Media, and Burberry use LivePerson's Conversational Cloud platform.

What is the significance of Nasdaq Listing Rule 5635(c)(4) for LivePerson?

This rule requires LivePerson to report any equity-based incentive awards, ensuring transparency with investors.