Company: LPSN
Filing Date: 2025-05-22
Form Type: DEF 14A
Source: 0001102993-25-000068
Chunk: 77

Company: LIVEPERSON INC
Filing Date: 2025-05-22
Form: DEF 14A
Chunk 77
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2024 |     |                          — |     |                            1,000,000 |     |   11,928,504 |     |                — |     | —                                              |     |                                           88,715,161 |     | 15%                                             |     | 13%                                                                 |

(1) Represents the number of shares of common stock in respect of the performance-based stock options granted to Mr. Sabino in connection with the commencement of his employment.

(2) Represents a number in respect of performance-vesting RSUs granted under the 2019 Stock Incentive Plan assuming the target performance for the three-year performance period applicable to the award has been achieved.

(3) The performance period applicable for PRSUs granted in 2022 is ongoing and will be completed in June 2025. The number of PRSUs earned in respect of these grants will be determined following the end of the performance period. The performance-based stock options granted to Mr. Sabino will be earned only in the event of achievement of the applicable share price hurdles and time-based vesting conditions applicable to his grant.

In consideration of these and other factors and in light of the continued market volatility and uncertain macroeconomic climate, our Board has determined that a Share Increase in the amount of 5,340,000 shares is appropriate and in the best interest of the Company in order to continue to make competitive equity grants under the 2019 Stock Incentive Plan, which advances our compensation philosophy of creating employee-owners. Based on Company models, if the Share Increase is approved, we expect our share reserve following the Share Increase to last for approximately 12 to 18 months. The actual amount of time this authorized pool will sustain our future share needs is difficult to predict, particularly under current market conditions, and it will depend, in part, on (i) the determination of the size of future long-term equity grants, based in part on a desire to keep compensation packages competitive in the marketplace and appropriately motivate employees; (ii) the price of our common stock at the time long-term equity awards are granted; (iii) our hiring and retention needs across our executive and employee population; and (iv) the amount of forfeitures of outstanding awards. In light of the variable nature of these factors, and, in particular, the sustained market volatility throughout the technology sector and the Company’s desire to retain and motivate its key personnel, the number of shares covered by the Share Increase may not sustain the Company’s anticipated equity grant programs for