Form 4: LiveOne Director Patrick Wachsberger Reports Stock Unit Vesting
Statement of Changes in Beneficial Ownership
LiveOne, Inc. director Patrick Wachsberger reported the vesting of 21,153 Restricted Stock Units on March 31, 2026, converting them into common stock.
Summary
- Patrick Wachsberger, a Director at LiveOne, Inc., has filed a Form 4 reporting a transaction on March 31, 2026.
- The transaction involved the vesting of 21,153 Restricted Stock Units (RSUs).
- These RSUs were granted to Mr. Wachsberger as director fees for his service on the Issuer's board from October 1, 2024, to September 30, 2025.
- Each vested RSU converted into one share of LiveOne's common stock.
- Following this transaction, Mr. Wachsberger beneficially owns 278,680 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard disclosure of director compensation settlement rather than a new strategic event or financial performance indicator.
Positives
- Director compensation was settled through the issuance of common stock, aligning director interests with shareholders.
- The vesting of RSUs indicates the fulfillment of service obligations by the director.
Future Outlook
No specific forward-looking statements or guidance were provided in this filing, which solely reports a past transaction.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, including the settlement of equity-based compensation. This filing is typical for a director receiving compensation in the form of company stock.
Related Party Transactions
- The transaction involves a director (Patrick Wachsberger) receiving compensation (RSUs) for his services, which is a form of related party transaction.
Stakeholder Impact
- Shareholders: The issuance of shares upon RSU vesting increases the total number of outstanding shares, potentially diluting ownership slightly. However, it also represents compensation for a director's services.
- Employees: No direct impact on employees is indicated by this filing.
- Management: The filing is a routine disclosure for management and directors.
- Creditors: No direct impact on creditors is indicated.
Key Dates
| Date | Description |
|---|---|
| 2024-10-01 | Start of the period for which director fees were granted as RSUs. |
| 2025-09-30 | End of the period for which director fees were granted as RSUs. |
| 2026-03-31 | Date of the transaction (vesting and settlement of RSUs). |
| 2026-04-02 | Date of the signature on the Form 4 filing. |
Keywords
Form 4, SEC Filing, LiveOne Inc, LVO, Patrick Wachsberger, Restricted Stock Units, RSUs, Director Compensation, Beneficial Ownership, Stock Vesting
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.