Company: LPSN
Filing Date: 2025-09-17
Form Type: DEF 14A
Source: 0001102993-25-000159
Chunk: 27

Company: LIVEPERSON INC
Filing Date: 2025-09-17
Form: DEF 14A
Chunk 27
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 the holders at certain times into 13.2933 shares of the Company’s common stock par value $0.001. The proposed Reverse Stock Split will decrease the conversion rate applicable to the 2026 Notes by the Final Ratio.

As of the record date, we have outstanding $214.4 million in aggregate principal amount of First Lien Convertible Senior Notes due 2029 (“2029 Notes”), convertible at the option of the holders at certain times into cash based on a daily conversion value calculated on a proportionate basis for each trading day in a 50 trading day observation period, initially corresponding to 13.2933 shares of the Company’s common stock per $1,000 principal amount of 2029 Notes. The proposed Reverse Stock Split will decrease the conversion rate applicable to the 2029 Notes by the Final Ratio.

Effect on Our Equity Plans

As of September 15, 2025, we had 1,848,868 shares of our common stock subject to outstanding stock options and 15,551,228 shares of our common stock subject to outstanding unvested restricted stock units (“RSUs”) (including performance-based units measured at “target”) under our 2019 Stock Incentive Plan, as amended, or its predecessor plan (collectively, the “2019 Stock Incentive Plan”) and our 2018 Inducement Plan, as amended, or its predecessor plan (collectively, the “Inducement Plan”), 2,439,870 options to purchase our common stock pursuant to a current offering period under our 2019 Employee Stock Purchase Plan (the “ESPP”), and 1,000,000 shares of our common stock subject to a stand-alone stock option award granted to our CEO (together with the 2019 Stock Incentive Plan, the Inducement Plan and the ESPP, our “Equity Plans”). The Board and the Compensation Committee, as applicable, have the discretion and authority in the event of a reverse stock split to determine the appropriate adjustments to the awards granted and outstanding, and the number of shares reserved for issuance, under our Equity Plans, and any applicable exercise prices or purchase price, as applicable, for such awards. Accordingly, if the Reverse Stock Split is effected, the number of shares of our common stock available for issuance under the 2019 Stock Incentive Plan, the Inducement Plan and the ESPP, as well as the number of shares of our common stock subject to any outstanding award under the Equity Plans