Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 44

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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’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 expected to be recognized over a weighted average period of approximately 1.2 years.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

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 three months ended March 31, 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 Awarded618 1.25 Vested(2,221)1.76 Forfeited(116)9.81 Non-vested and outstanding at March 31, 202510,803 1.86 8,632 Expected to vest 8,520 $2.00 $6,808 RSUs granted to employees generally vest over a one- to four-year period, or upon achievement of certain performance conditions. As of March 31, 2025, total unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested RSUs and PRSUs was $13.0 million and the weighted-average remaining vesting period was 1.32 years.PRSUs granted are generally subject to both a service