Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 43

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 April 11, 2019. The 2019 Stock Incentive Plan, as amended and restated, allows the Company’s employees and directors to participate in the Company’s future performance through grants of stock-based awards of stock options and RSUs at the discretion of the board of directors. The number of shares authorized for issuance under the 2019 Stock Incentive Plan as of March 31, 2025 was 46,967,744 shares in the aggregate. Options to acquire common stock granted under the 2019 Stock Incentive Plan have ten-year terms. As of March 31, 2025, 3,679,580 shares of common stock remained available for issuance (taking into account all stock option exercises and other equity award settlements through March 31, 2025). Employee Stock Purchase PlanThe number of shares authorized for issuance under the ESPP as of March 31, 2025, was 4,500,000 shares. As of March 31, 2025, 3,206,766 shares of common stock remained available for issuance under the ESPP (taking into account all share purchases through March 31, 2025).Inducement PlanThere are 15,412,342 shares of common stock authorized and reserved for issuance under the Inducement Plan. As of March 31, 2025, 647,750 shares of common stock remained available for issuance under the Inducement Plan (taking into account all option exercises and other equity award settlements through March 31, 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.Stock Option ActivityThe following table is a summary of the Company