Wachsberger Patrick D 4

What Happened
Patrick D. Wachsberger, a director of LiveOne, had 21,153 restricted stock units (RSUs) vest and be converted into 21,153 shares of LiveOne common stock on March 31, 2026. The Form 4 reports the conversion (derivative transaction code M) as an acquisition of 21,153 shares; a matching line shows a $0.00 disposition for the same number of shares. The footnotes state these RSUs were director fees for service from Oct 1, 2024 to Sep 30, 2025 and were settled one-for-one into common stock. No cash sale proceeds are reported.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (appears timely under the usual 2-business-day rule).
• Shares acquired: 21,153 shares via conversion of vested RSUs (one-for-one).
• Reported disposition: 21,153 shares at $0.00 (no sale proceeds reported).
• Footnotes: F1—RSUs convert one-for-one into common stock; F2—these RSUs were vested director fees for Oct 1, 2024–Sep 30, 2025 and were settled by delivery of shares.
• Shares owned after the transaction: not specified in the provided filing data.
• Transaction code: M (exercise/conversion of derivative security — here, RSU settlement).

Context
This was a settlement of previously granted compensation (vested RSUs), not an open-market purchase or sale. Such conversions are routine for equity compensation and do not by themselves indicate a buy/sell market signal. The filing shows no cash proceeds and no 10b5-1 plan or tax-withholding detail in the provided footnotes.