4/A: LiveWire Group Director Sells Over 100,000 Shares, No Longer Subject to Insider Reporting

LiveWire Group, Inc. Director John L. Garcia sold a total of 106,557 shares of common stock across two transactions in June 2025 and is no longer subject to Section 16 insider reporting obligations.

Summary

• John L. Garcia, a Director of LiveWire Group, Inc. (LVWR), reported two sales of common stock.
• On June 11, 2025, Mr. Garcia sold 49,998 shares of common stock at a price of $7.49 per share in a riskless principal transaction.
• Following this transaction, Mr. Garcia beneficially owned 2,755,281 shares.
• On June 12, 2025, Mr. Garcia sold an additional 56,559 shares of common stock at a price of $6.47 per share in a riskless principal transaction.
• After the second transaction, Mr. Garcia's beneficial ownership decreased to 2,698,722 shares.
• The reported beneficial ownership includes 121,360 unvested restricted stock units, each representing the contingent right to receive one share of the Issuer's common stock upon vesting.
• This Form 4/A amends the original Form 4 filed on June 13, 2025, primarily to restate footnotes and indicate that the reporting person is no longer subject to Section 16 of the Securities Exchange Act of 1934.

Sentiment

Score: 3

Explanation: The sentiment is negative due to significant insider selling by a director, coupled with a declining share price during the sale period and the director's cessation of Section 16 reporting obligations, which often implies a departure or reduced involvement.

Negatives

• A Director, John L. Garcia, sold a significant number of shares (106,557 shares in total) over two days.
• The sale price decreased from $7.49 on June 11, 2025, to $6.47 on June 12, 2025, indicating a decline in the stock price during the period of the sales.
• The reporting person is no longer subject to Section 16, which typically implies a change in their insider status (e.g., stepping down as a director or officer, or their ownership falling below 10%), potentially signaling a reduction in their involvement or confidence.

Future Outlook

This document does not provide any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a standard insider transaction report and does not provide broader industry context or trends. It reflects an individual director's trading activity.

Management Changes

Stakeholder Impact

• Shareholders may perceive the insider selling by a director as a negative signal regarding the company's near-term prospects or the director's confidence in the stock.
• The cessation of Section 16 reporting obligations for a director could raise questions among investors about the stability of the board or management team.

Key Dates

Recommendation

Keywords

LiveWire Group, LVWR, insider trading, Form 4/A, stock sale, beneficial ownership, director, SEC filing, equity securities