Form 4: LiveWire CEO Donnez Reports Significant Equity Transactions

LiveWire Group CEO Karim Donnez reported recent transactions, including a substantial restricted stock unit grant and shares surrendered for tax obligations.

Summary

• Karim Donnez, Chief Executive Officer of LiveWire Group, Inc. (LVWR), reported several transactions involving the company's common stock.
• On February 19, 2026, Donnez surrendered 113,713 shares of common stock to the Issuer at a price of $2.33 per share to satisfy tax withholding obligations related to restricted stock unit vesting.
• Also on February 19, 2026, Donnez was granted 772,533 restricted stock units (RSUs) at a price of $0, representing a contingent right to receive one share of common stock per unit.
• These RSUs will vest in three equal installments on the first three anniversaries of the grant date, subject to forfeiture until vested.
• On February 21, 2026, an additional 29,832 shares of common stock were surrendered at $2.21 per share for tax withholding purposes.
• Following these transactions, Donnez beneficially owns 1,618,108 shares of common stock directly, which includes 1,442,212 unvested restricted stock units.
• A Power of Attorney was executed on February 23, 2026, appointing Allen Gerrard and Jennifer Hoover as attorneys-in-fact to prepare and file SEC Forms 3, 4, 5, and 144 on Donnez's behalf.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing. The RSU grant is a standard compensation event, signaling continued executive commitment, while the tax-related share disposals are routine and expected upon vesting.

Positives

• The grant of 772,533 restricted stock units to the CEO indicates continued long-term incentive and alignment of management's interests with shareholders.
• The vesting schedule over three years encourages sustained performance and commitment from the CEO.

Negatives

• A total of 143,545 shares were disposed of to cover tax withholding obligations, which is a standard practice upon RSU vesting but reduces direct share ownership.

Future Outlook

The granted restricted stock units will vest in three equal installments on the first three anniversaries of the grant date, indicating a future schedule for equity compensation realization.

Industry Context

StockSavvy.ai notes that insider transaction reports like this Form 4 provide transparency into executive compensation structures and equity holdings. The grant of restricted stock units is a common practice in the industry to incentivize long-term performance and align management interests with shareholder value creation.

Corporate Governance

Stakeholder Impact

• Shareholders gain transparency into the CEO's equity compensation structure and current holdings, which can inform their assessment of management's alignment with long-term company performance.

Next Steps

• One-third of the granted restricted stock units will vest on each of the first three anniversaries of the grant date.

Key Dates

Keywords

LiveWire Group, LVWR, Karim Donnez, CEO, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Equity Compensation, Stock Transactions, Tax Withholding