LivePerson (LPSN) Director Anthony Zingale Surrenders 26,666 Derivative Shares

What Happened

• Anthony Zingale, a director of LivePerson (LPSN), recorded a disposition to the issuer on September 4, 2026 for 26,666 derivative shares. The filing shows no per-share price or proceeds to the reporting person (N/A). The transaction resulted from the Merger Agreement by which SoundHound AI completed a two-step merger and LivePerson became an indirect wholly owned subsidiary of SoundHound (see footnote F1).

Key Details

• Transaction date: 2026-09-04 (Disposition to issuer, code D).
• Shares/units affected: 26,666 derivative shares (no dollar amount reported; proceeds N/A).
• Shares owned after transaction: not specified in the Form 4 provided.
• Relevant footnotes:
  • F1: Merger with SoundHound AI consummated Sept 4, 2026.
  • F2: All outstanding, unexercised stock options held by the reporting person were cancelled without payment because their exercise prices exceeded the per-share cash consideration under the Merger Agreement.
  • F3: The share count reflects LivePerson’s 1-for-15 reverse stock split effective Oct 13, 2025.
• Timeliness: Reported on the same day as the transaction (no late filing flagged).

Context

• This was not an open-market sale but a surrender/cancellation to the issuer as part of the corporate merger. Per the filing, the reporting person did not receive cash for the cancelled options because their exercise price exceeded the merger consideration. Such merger-related cancellations are corporate actions and do not necessarily indicate insider trading sentiment.