Form 4: LiveWire Group Executive Sells Shares to Cover Tax Obligations

A LiveWire Group executive, Jon Bekefy, sold 2,497 shares of common stock to cover tax obligations.

Summary

• Jon Bekefy, Head of Global Sales & Marketing at LiveWire Group, Inc., sold 2,497 shares of common stock on December 2, 2024.
• The sale was executed at a price of $5.85 per share.
• This transaction was to cover tax obligations related to the vesting of shares.
• Following the transaction, Bekefy directly owns 40,229 shares of LiveWire Group common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine transaction for executives to cover tax obligations related to stock awards. It is common for executives to sell shares after vesting.

Comparison to Industry Standards

• Executive share sales for tax purposes are a common practice across publicly traded companies.
• The sale of 2,497 shares is relatively small compared to the total shares held by the executive, which is 40,229 shares.
• Similar transactions are regularly reported by executives at other companies such as Harley Davidson, Polaris and other automotive and motorcycle manufacturers.

Stakeholder Impact

• The share sale has a minimal impact on shareholders as it is a small transaction by an executive.

Key Dates

Keywords

LiveWire Group, share sale, insider trading, executive, stock transaction, tax obligations, LVWR