Form 4: LivePerson CFO John DeNeen Collins Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
LivePerson's CFO, John DeNeen Collins, sold 1,796 shares of common stock on April 10, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On April 10, 2024, John DeNeen Collins, the CFO and COO of LivePerson Inc., sold 1,796 shares of LivePerson's common stock.
- The sale was executed at a price of $0.76 per share.
- This transaction was conducted to cover the reporting person's tax liability incurred from the vesting of restricted stock units on April 9, 2024.
- Following the transaction, Collins directly owns 480,145 shares, which includes 447,145 unvested restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be a routine transaction to cover tax obligations, which is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The sale of shares by an insider 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 |
|---|---|
| 04/09/2024 | Restricted stock units vested, incurring tax liability. |
| 04/10/2024 | Sale of 1,796 shares of common stock to cover tax liability. |
| 04/11/2024 | Date of signature on the Form 4 filing. |
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.