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

Rhea-AI Summary

LivePerson, Inc. (Nasdaq: LPSN) announced on November 2, 2022, that it granted equity-based incentive awards under its 2018 Inducement Plan to attract new hires. The company awarded a total of 216,953 restricted stock units (RSUs) to 3 employees and 159,293 stock options to 2 employees. The awards are structured to vest at 25% per year over four years, contingent on continued employment. This initiative reflects LivePerson's commitment to enhancing its workforce as it continues to lead in AI-powered customer engagement solutions.

Positive

• Grants of 216,953 RSUs and 159,293 stock options to new hires enhance talent acquisition.
• Inducement Plan aligns employee incentives with company performance.

Negative

• None.

NEW YORK, Nov. 2, 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 October 31, 2022, LivePerson has made grants of RSUs to 3 employees totaling 216,953 Shares and grants of stock options to 2 employees totaling 159,293 Shares.

RSU and stock option grants generally vest 25% per year over 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 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 is the purpose of LivePerson's Inducement Plan?

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

How many RSUs did LivePerson grant on November 2, 2022?

LivePerson granted a total of 216,953 restricted stock units (RSUs) to 3 employees.

What are the vesting terms for the stock options granted by LivePerson?

The stock options generally vest at 25% per year over four years.

Who received the recent stock grants from LivePerson?

The grants were awarded to 3 new hires and 2 new employees as part of the Inducement Plan.

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

This rule requires companies to provide notice for equity grants as part of their compliance with Nasdaq regulations.