Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 117

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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 December 31, 20242,663 $22.93 3.95$7 Cancelled or expired(152)16.56 Balance outstanding at June 30, 20252,511 14.98 5.553 Options vested and expected to vest 2,186 16.95 5.093 Options exercisable at June 30, 20251,462 $23.90 3.35$3 The total fair value of stock options exercised during the six months ended June 30, 2025 and 2024 was immaterial. As of June 30, 2025, there was $0.5 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements. That cost is expected to be recognized over a weighted average period of approximately 1.1 years.Restricted Stock Unit and Performance-Vesting Restricted Stock Unit ActivityThe following table is a summary of the Company’s RSU and PRSU activity and weighted average grant date fair value for the six months ended June 30, 2025:Number of SharesWeighted Average Grant Date Fair ValueAggregate Fair Value(In thousands)(Per share)(In thousands)Balance outstanding at December 31, 202412,522 $2.03 Awarded4,071 0.85 Vested(4,651)1.76 Forfeited(435)4.38 Non-vested and outstanding at June 30, 202511,507 1.54 11,622 Expected to vest 9,129 $1.70 $9,220 RSUs granted to employees generally vest over a one- to four-year period, or upon achievement of certain performance conditions. As of June 30, 2025, total unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested RSUs and PRSUs was $11.4 million and the weighted-average remaining vesting period was 1.2 years.PRSUs granted are generally subject to both a service-based vesting condition and a performance-based vesting condition. PRSUs will vest upon the achievement of specified performance targets and subject to continued service through the applicable vesting dates. The associated compensation cost is recognized over the requisite service period when it is probable that the performance condition will be satisfied. There were no PRSUs granted during the three and six months ended June 30, 2025 and 2024, respectively. Total stock