Form 4: LiveOne Director Patrick Wachsberger Awarded Restricted Stock Units

Director Patrick Wachsberger receives 60,510 Restricted Stock Units (RSUs) as director fees for service on LiveOne's board.

Summary

• Patrick Wachsberger, a director of LiveOne, Inc., was granted 60,510 Restricted Stock Units (RSUs) on September 10, 2024.
• These RSUs are compensation for his service on the board of directors from October 1, 2023, to September 30, 2024.
• The RSUs will vest on October 31, 2024, contingent upon his continued service on the board.
• Each RSU represents the right to receive one share of LiveOne's common stock or its cash value, as determined by the board.
• Wachsberger has the option to defer the settlement of the RSUs until he is no longer on the board or up to five years from the vesting date.

Sentiment

Score: 7

Explanation: The document indicates standard compensation practices. The sentiment is neutral to slightly positive as it incentivizes the director.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting requirement incentivizes continued service on the board.

Risks

• The value of the RSUs is dependent on the future performance of LiveOne's stock.
• The board has discretion over whether the RSUs are paid out in cash or stock, which could impact the value received by Wachsberger.

Future Outlook

The director has the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date.

Industry Context

Granting equity compensation to board members is a common practice to align their interests with shareholders and incentivize long-term value creation.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, aligning the director's interests with the company's long-term success.
• Employees may see this as a standard practice for compensating board members.

Key Dates