Wachsberger Patrick D 4

What Happened
Patrick D. Wachsberger, a director of LiveOne, Inc. (LVO), received a grant of 21,253 restricted stock units (RSUs) on 2026-03-02. The Form 4 reports the acquisition as a derivative award (transaction code A) at $0.00 per unit (no cash paid at grant). Each RSU is a contingent right to one share of common stock or the cash value thereof.

Key Details

• Transaction date reported: 2026-03-02; Form 4 filed 2026-03-17 (appears to be filed late relative to the usual 2-business-day deadline).
• Grant: 21,253 RSUs, reported price $0.00 (derivative award).
• Vesting: RSUs vest on March 31, 2026, subject to continued board service through that date.
• Payout: Board will determine settlement form (shares and/or cash); the reporting person may elect to defer settlement until earlier of leaving the board or up to five years after vesting.
• Shares owned after transaction: Not specified in the filing (the award is a contingent right, not currently issued shares).
• Footnote: RSUs were granted as director fees for service covering Oct 1, 2024–Sep 30, 2025.

Context
This is a compensation grant (award) to a director, not an open-market buy or sale. RSU grants are routine for board compensation and do not indicate an immediate purchase or sale of stock; value will materialize only if and when the RSUs vest and are settled. The late filing could be informative for timing/compliance but does not change the nature of the award.