Form 4: LivePerson CFO John DeNeen Collins Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
LivePerson's CFO, John DeNeen Collins, sold 23,680 shares of common stock on July 30, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On July 30, 2024, John DeNeen Collins, the CFO and COO of LivePerson Inc., sold 23,680 shares of LivePerson's common stock.
- The sale was executed at a price of $1.37 per share.
- This transaction was conducted to cover the reporting person's tax liability incurred in connection with the vesting of restricted stock units on July 29, 2024.
- Following the transaction, Collins still beneficially owns 456,465 shares, which includes 403,572 unvested restricted stock units.
Sentiment
Score: 6
Explanation: The document reports a routine transaction (sale of shares to cover tax obligations). It's neutral in tone and doesn't indicate significant positive or negative sentiment.
Industry Context
Sales of shares by company executives to cover tax obligations upon vesting of restricted stock units are a common practice.
Stakeholder Impact
- The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Restricted stock units vested, incurring tax liability. |
| 07/30/2024 | John DeNeen Collins sold 23,680 shares of LivePerson common stock. |
| 08/01/2024 | Date of signature for the Form 4 filing. |
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