Form 4: LivePerson CFO John DeNeen Collins Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
LivePerson's CFO, John DeNeen Collins, sold shares to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On April 2, 2024, John DeNeen Collins, CFO and COO of LivePerson Inc., sold 2,958 shares of common stock at a price of $0.94 per share.
- The sale was executed automatically by the issuer to cover the reporting person's tax liability incurred in connection with the vesting of restricted stock units on March 28, 2024.
- Following the transaction, Collins beneficially owns 481,941 shares, including 450,545 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations after vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Restricted stock units vested, triggering tax liability. |
| 04/02/2024 | Sale of 2,958 shares to cover tax liability. |
| 04/04/2024 | Date of signature on the Form 4 filing. |
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