Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 104

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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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’s stock option activity and weighted average exercise prices for the three months ended March 31, 2025:Stock Option ActivityWeighted Average Remaining Contractual Term (In years)Aggregate Intrinsic Value (In thousands)Options (In thousands)WeightedAverageExercise PriceBalance outstanding at December 31, 20242,663 $22.93 3.95$7 Granted— — Exercised— — Cancelled or expired(46)19.08 Balance outstanding at March 31, 20252,617 14.95 5.662 Options vested and expected to vest 701 4.33 8.74— Options exercisable at March 31, 20251,532 $23.07 3.45$2 The total fair value of stock options exercised during the three months ended March 31, 2025 and 2024 was immaterial. As of March 31, 2025, there was $0.8 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements. That cost is