Donnez Karim 4

What Happened

• Donnez Karim, CEO of LiveWire Group, was granted 772,533 restricted stock units (RSUs) on Feb 19, 2026 (code A). The grant is reported at $0 per unit because it is an award; each RSU represents a contingent right to one share.
• To satisfy tax-withholding obligations tied to vesting, Karim surrendered 113,713 shares on Feb 19 at $2.33 per share ($264,951) and 29,832 shares on Feb 21 at $2.21 per share ($65,929). Total shares surrendered: 143,545; total withholding value: $330,880. These disposals were tax withholding (code F), not open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-02-19: Grant of 772,533 RSUs (A) at $0 reported price.
  • 2026-02-19: 113,713 shares surrendered at $2.33 (F) — $264,951.
  • 2026-02-21: 29,832 shares surrendered at $2.21 (F) — $65,929.
• Shares/unvested units after reporting: filing notes 1,442,212 unvested RSUs in total (each unit = 1 share). The 772,533 grant is subject to that accounting.
• RSU vesting: one-third of the units vest on each of the first three anniversaries of the grant date; units forfeit if unvested when employment ends (per footnote).
• Filing: Form 4 filed 2026-02-23 reporting transactions on 2026-02-19 and 2026-02-21 — filing appears timely.
• Footnotes: F1 = shares surrendered to issuer to satisfy tax withholding; F2/F3 = RSU grant details and total unvested units. Exhibit: Power of Attorney (Exhibit 24).

Context

• The grant is an equity award (acquisition of contingent rights), which is different from an open-market purchase. The surrendered shares were used solely for tax withholding (a common, routine administrative step) rather than an investment-motivated sale. RSUs only convert to actual shares as they vest, so they are not immediately tradable until vested.