LPSN Form 4: Director Wesemann Receives 200,000 RSUs Vesting Aug 2026
Rhea-AI Filing Summary
William Wesemann, a director of LivePerson, Inc. (LPSN), reported an acquisition of 200,000 restricted stock units (RSUs) on 08/25/2025 under the 2019 Stock Incentive Plan. Each RSU represents the contingent right to one share and was granted at a $0 purchase price. The RSUs are scheduled to fully vest on 08/25/2026. After the reported grant, the filing shows the reporting person beneficially owns 654,835 shares, which includes 280,000 unvested RSUs held by the reporting person following this transaction. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Wesemann on 08/27/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: A director received a significant RSU grant that increases his vested and unvested equity stake, aligning incentives with shareholders.
The 200,000 RSU award is a substantial equity grant for a single director and will vest in one year, which ties the director’s compensation to the company's future share performance over that period. The reported total beneficial ownership of 654,835 shares, including 280,000 unvested RSUs, indicates meaningful insider alignment but also concentrated insider holdings that could affect governance dynamics. The use of an attorney-in-fact to sign is routine and does not change the substance of the grant.
TL;DR: One-year cliff vesting RSUs worth 200,000 shares are a sizable near-term retention incentive.
A 12-month cliff to full vesting suggests a retention objective for senior leadership or board-level participation. Because the grant price is reported as $0, value realization depends on future share price at vesting. The filing lacks grant date value or performance conditions beyond time vesting, so investors cannot determine monetary value today. This is a standard equity-based compensation approach but materially increases the director’s unvested stake.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 200,000 | $0.00 | -- |
Footnotes (1)
- The reporting person was granted an award of restricted stock units ("RSUs") under the LivePerson, Inc. 2019 Stock Incentive Plan consisting of a grant of 200,000 RSUs, each of which represents a contingent right to receive one share of common stock. These RSUs will fully vest on August 25, 2026. Number reported includes 280,000 unvested RSUs granted to and held by the reporting person following the reported transaction.