Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 116

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 stockholders of the Company at the Company’s annual meeting on June 25, 2025. Options to acquire common stock granted under the 2019 Stock Incentive Plan have ten-year terms. As of June 30, 2025, 686,322 shares of common stock remained available for issuance (taking into account all stock option exercises and other equity award settlements through June 30, 2025). Employee Stock Purchase PlanThe number of shares authorized for issuance under the ESPP as of June 30, 2025, was 4,500,000 shares. As of June 30, 2025, 2,439,870 shares of common stock remained available for issuance under the ESPP (taking into account all share purchases through June 30, 2025).Inducement PlanThere are 15,412,342 shares of common stock authorized and reserved for issuance under the Inducement Plan. As of June 30, 2025, 662,791 shares of common stock remained available for issuance under the Inducement Plan (taking into account all option exercises and other equity award settlements through June 30, 2025). CEO Inducement AwardAs part of an equity compensation package negotiated to induce John Sabino, the Company’s Chief Executive Officer, to accept employment with the Company, pursuant to the terms of the employment agreement entered into between Mr. Sabino and the Company, the Company granted Mr. Sabino an option to purchase 1,000,000 shares of common stock (the “CEO Inducement Award”) that will vest upon the satisfaction of certain performance-based and time-based vesting conditions. On May 17, 2024, the Company’s board of directors authorized 1,000,000 shares for issuance under the CEO Inducement Award in compliance with and in reliance on Nasdaq Listing Rule 5635(c)(4). The CEO Inducement Award was a standalone award granted outside of the 2019 Stock Incentive Plan and 2018 Inducement Plan.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

Stock Option ActivityThe following table is a summary of the Company’s stock option activity and weighted average exercise prices for the six months ended June 30, 2025:Stock Option ActivityWeighted Average Remaining Contractual Term (In years)Aggregate Intrinsic Value (In thousands)Options (In thousands)WeightedAverageExercise PriceBalance outstanding at