Form 4: LiveOne CFO Aaron Sullivan Reports Stock Transactions
SEC Form 4
LiveOne's CFO, Aaron Sullivan, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On June 7, 2024, Aaron Sullivan, CFO, Controller & EVP of LiveOne, Inc., reported transactions involving the company's stock.
- Sullivan acquired 75,000 shares of common stock through the conversion of restricted stock units (RSUs).
- He also disposed of 27,400 shares at a price of $1.7011 per share to cover tax withholding related to the RSU settlement.
- Following these transactions, Sullivan directly owns 122,956 shares of LiveOne common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a company executive, which is a routine occurrence. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is common for executives to receive stock-based compensation and subsequently sell shares to cover tax obligations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The sale of shares to cover tax obligations could slightly increase the stock's trading volume.
Key Dates
| Date | Description |
|---|---|
| 04/04/2022 | Date of grant of 75,000 RSUs to Aaron Sullivan |
| 06/07/2024 | Date of stock transactions: RSU conversion and stock disposal for tax withholding. |
| 06/12/2024 | Date of signature on the Form 4 filing. |
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