Hoover Jennifer 4

What Happened

• Jennifer Hoover, LiveWire's Head Accounting Officer, received a grant of 86,991 restricted stock units (RSUs) on 2026-02-19 (grant code A). To satisfy tax withholding when those units vested, she surrendered a total of 4,861 shares in two transactions: 3,836 shares on 2026-02-19 at $2.33 each ($8,938) and 1,025 shares on 2026-02-21 at $2.21 each ($2,265). The RSU grant itself had no cash price reported (value recorded as $0 on the Form 4).

Key Details

• Transaction types: A = grant of RSUs (86,991 units on 2026-02-19); F = shares surrendered to issuer for tax withholding (3,836 shares on 2026-02-19 at $2.33; 1,025 shares on 2026-02-21 at $2.21).
• Cash realized from surrendered shares: $8,938 + $2,265 = $11,203 total.
• Holdings after transaction: Form notes inclusion of 105,646 unvested RSUs in Hoover's reported holdings (each unit represents a contingent right to one share).
• Footnotes: tax withholding (F1); RSU vesting schedule — one-third vests on each of the first three anniversaries, units subject to forfeiture until vested (F2); holdings include 105,646 unvested RSUs (F3).
• Filing timeliness: Report filed 2026-02-23 for transactions on 2026-02-19 and 2026-02-21 — recorded as timely.

Context

• These were not open-market sales for profit: the disposals were shares surrendered to LiveWire to satisfy tax withholding obligations related to an RSU grant (a routine administrative step).
• RSU grants are awards (not purchases); value to the holder materializes only as units vest and are converted to shares.