Ragland Ryan 4

What Happened
Ragland Ryan, Head of Product Development & Design at LiveWire (LVWR), received a grant of 96,567 restricted stock units (RSUs) on Feb 19, 2026. To satisfy tax withholding obligations tied to RSU vesting, he surrendered a total of 21,625 shares in two withholding transactions (18,356 shares on Feb 19 at $2.33 for $42,769; 3,269 shares on Feb 21 at $2.21 for $7,224), totaling approximately $49,993. The RSU grant is an award (no cash paid) and the withheld shares were disposed of to cover taxes — a routine, non-market-sale cashless withholding.

Key Details

• Transaction types: A = RSU grant (96,567 RSUs); F = shares surrendered for tax withholding (disposals).
• Dates & prices:
  • 2026-02-19: Surrendered 18,356 shares @ $2.33 = $42,769 (tax withholding)
  • 2026-02-19: Granted 96,567 RSUs @ $0.00 (acquisition by award)
  • 2026-02-21: Surrendered 3,269 shares @ $2.21 = $7,224 (tax withholding)
• Shares surrendered total: 21,625 shares for ≈$49,993.
• Holdings after transaction: filing notes 183,224 unvested RSUs (each convertible to one share upon vesting). The filing does not suggest a market sale for investment purposes — the disposals were for tax withholding.
• Footnotes:
  • F1: Shares surrendered to issuer to satisfy tax withholding on vesting.
  • F2: RSUs vest one-third on each of the first three anniversaries; units are forfeitable until vested.
  • F3: Includes 183,224 unvested RSUs in reported holdings.
• Filing timeliness: Form filed Feb 23, 2026 covering transactions on Feb 19 and Feb 21; this appears to be a timely filing.

Context
This report reflects an RSU award and routine tax-withholding share surrender (a common cashless method). RSU grants are contingent — they only convert to shares as they vest per the schedule noted — and withholding sales do not necessarily indicate the insider is reducing market exposure.