Sullivan Aaron 4
4 · LiveOne, Inc. · Filed Dec 5, 2022
Insider Transaction Report
Form 4
Sullivan Aaron
Interim CFO, Controller & EVP
Transactions
- Other
Common Stock, $0.001 par value
2022-12-01$0.65/sh−2,346$1,525→ 68,195 total - Exercise/Conversion
Common Stock, $0.001 par value
2022-12-01+6,250→ 70,541 total - Exercise/Conversion
Restricted Stock Units
2022-12-01−6,250→ 6,250 total→ Common Stock, $0.001 par value (6,250 underlying)
Footnotes (3)
- [F1]Restricted Stock Units convert into Common Stock on a one-for-one basis.
- [F2]Represents 6,250 vested Restricted Stock Units ("RSUs") that were settled on the reported date out of the original 100,000 RSUs granted to the Reporting Person pursuant to his employment agreement, dated as of March 26, 2019, as amended. Each vested RSU was settled by Issuer by delivery to the Reporting Person of one share of Issuer's common stock. The remaining unvested RSUs shall vest as previously reported on the Reporting Person's Form 3 filed with the U.S. Securities and Exchange Commission on September 9, 2022.
- [F3]On the reported date these shares were sold by Issuer's broker into the open market solely to satisfy the Reporting Person's required tax withholding in connection with the settlement of the RSUs reported herein. The sale price represents a weighted average price as multiple executions were involved in completing the sale transaction. Additional detail regarding the individual execution prices is available upon request.