Sullivan Aaron 4
4 · LiveOne, Inc. · Filed Jan 30, 2024
Insider Transaction Report
Form 4
Sullivan Aaron
Interim CFO, Controller & EVP
Transactions
- Award
Restricted Stock Units
2024-01-24+350,000→ 350,000 totalExercise: $0.00→ Common Stock, $0.001 par value (350,000 underlying)
Footnotes (2)
- [F1]Represents Restricted Stock Units (the "RSUs") granted to the Reporting Person pursuant to the Employment Agreement, dated as of January 24, 2024 (the "EA"), entered into between the Reporting Person and the Issuer. 175,000 of the RSUs shall vest during the first open trading window under the Issuer's Insider Trading Policy which occurs after October 1, 2024 (anticipated to be in November 2024) (the "Initial Vesting Date"), and the remaining RSUs shall vest thereafter in equal amounts of 43,750 RSUs on each successive quarterly anniversary of the Initial Vesting Date, with the last tranche to vest on October 1, 2025 (inclusive), subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date (continued to Footnote 2)
- [F2](continued from Footnote 1) and subject to earlier full vesting upon a Company Change of Control (as defined in the EA), or such other earlier vesting acceleration conditions as provided in the EA. Each vested RSU shall be settled by delivery to the Reporting Person of one share of the Issuer's common stock on the first to occur of: (i) promptly after the applicable vesting date, (ii) the date of a Company Change of Control, (iii) the date of the Reporting Person's death or Disability (as defined in the EA), and (iv) such other earlier settlement as provided in the EA.