SCHEDULE: Linden Entities Disclose 8.5% Stake in LivePerson

Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong collectively reported beneficial ownership of up to 8.5% of LivePerson, Inc.'s common stock.

Summary

• Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong (collectively, the "Reporting Persons") filed a Schedule 13G for LivePerson, Inc.
• As of September 26, 2025, Linden Advisors LP and Siu Min Wong beneficially own 12,757,628 shares, representing approximately 8.5% of LivePerson's outstanding common stock.
• This amount includes 12,365,406 shares held by Linden Capital L.P. and 392,222 shares held by separately managed accounts.
• Linden Capital L.P. and Linden GP LLC beneficially own 12,365,406 shares, representing approximately 8.2% of LivePerson's outstanding common stock.
• The filing indicates shared voting and dispositive power over these shares among the respective reporting persons.
• The acquisition of securities was not for the purpose of changing or influencing control of the issuer, as certified by the reporting persons.

Sentiment

Score: 5

Explanation: The filing is a neutral disclosure of passive ownership, neither inherently positive nor negative for the company's operational performance, but indicates institutional interest.

Positives

• A significant institutional investor group, Linden Capital and its affiliates, has taken a substantial passive stake in LivePerson, indicating potential confidence in the company's long-term prospects.

Negatives

• No specific negative information is disclosed in this passive ownership filing.

Risks

• No specific risks related to LivePerson's operations or financial health are mentioned in this ownership disclosure.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding LivePerson, Inc.'s future performance or strategic direction.

Management Comments

• The reporting persons certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, and were not acquired or held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing is a standard disclosure of passive institutional ownership and does not provide specific insights into broader industry trends or competitive landscape for LivePerson, Inc.

Comparison to Industry Standards

• This filing is a disclosure of passive ownership and does not contain information that allows for a direct comparison of LivePerson's operational or financial results to industry benchmarks or specific comparable companies/projects.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership in LivePerson, Inc.

Next Steps

• The filing does not mention any specific future actions, events, or milestones for LivePerson, Inc. or the reporting persons beyond the ongoing passive ownership.

Key Dates

Keywords

LivePerson, Linden Capital, Linden Advisors, Siu Min Wong, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, LP, GP, Investment Management