LivePerson Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
NEW YORK, May 31, 2023 /PRNewswire/ -- LivePerson, Inc. (Nasdaq: LPSN) is providing confirmatory notice, pursuant to the requirements of Nasdaq Listing Rule 5635(c)(4), of recent grants of equity-based incentive awards that LivePerson made under its Inducement Plan.
LivePerson established the LivePerson Inc. 2018 Inducement Plan (the "Inducement Plan") to provide equity-based incentive awards to new hires. In connection with recent employee hires through May 31, 2023, LivePerson has made grants of RSUs to 4 employees totaling 238,004 shares.
RSU and stock option grants generally vest in equal tranches over 3 to 4 years under the Inducement Plan; one of the above grants vests in one year. All grants are subject to the grantee's cotinued employment on the scheduled vesting date. Each award under the Inducement Plan was granted as an inducement material to the grantee entering into employment with the Company.
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SOURCE LivePerson, Inc.
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