LivePerson (LPSN) CEO has shares sold automatically to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LivePerson Inc. disclosed that Chief Executive Officer Anthony John Sabino had 3,405 shares of common stock sold on his behalf at $2.009 per share. According to the footnote, the issuer sold these shares automatically to cover the CEO’s tax liability from vesting restricted stock units, rather than a discretionary open-market sale.
After this transaction, Sabino directly holds 176,889 common shares, and this number includes 135,271 unvested restricted stock units that remain subject to vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,405 shares ($6,841)
Net Sell
1 txn
Insider
Sabino Anthony John
Role
Chief Executive Officer
Sold
3,405 shs ($7K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,405 | $2.009 | $7K |
Holdings After Transaction:
Common Stock — 176,889 shares (Direct, null)
Footnotes (1)
- Shares sold automatically by the issuer in order to cover the reporting person's tax liability incurred in connection with the vesting of the reporting person's restricted stock units. Number reported includes 135,271 unvested restricted stock units granted to and held by the reporting person following the reported transaction.
Key Figures
Shares sold: 3,405 shares
Sale price: $2.009 per share
Shares held after: 176,889 shares
+1 more
4 metrics
Shares sold
3,405 shares
Common stock sold to cover tax liability
Sale price
$2.009 per share
Price for the 3,405 shares sold
Shares held after
176,889 shares
CEO direct common stock holdings after transaction
Unvested RSUs
135,271 units
Unvested restricted stock units held after transaction
Key Terms
restricted stock units, Chief Executive Officer, open-market sale
3 terms
restricted stock units financial
"tax liability incurred in connection with the vesting of the reporting person's restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Chief Executive Officer financial
"officer_title": "Chief Executive Officer""
A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did LivePerson (LPSN) report in this Form 4 filing?
LivePerson reported that CEO Anthony John Sabino had 3,405 common shares sold at $2.009 each. The issuer executed the sale automatically to cover tax obligations from vesting restricted stock units, rather than as a discretionary open-market sale by the CEO.
What are the restricted stock units mentioned in the LivePerson (LPSN) Form 4?
The filing notes the CEO holds 135,271 unvested restricted stock units after the transaction. These RSUs represent the right to receive common shares in the future, subject to vesting terms like continued employment or performance conditions set by LivePerson.