Bekefy Jon 4

What Happened

• Jon Bekefy, LiveWire Group's Head of Global Sales & Marketing, received a grant of 96,567 restricted stock units (RSUs) on 2026-02-19. The grant is reported at $0 (standard for RSU awards). To satisfy tax withholding tied to vesting, Bekefy surrendered 16,119 shares on 2026-02-19 at $2.33 each ($37,557) and an additional 2,389 shares on 2026-02-21 at $2.21 each ($5,280), for a total of 18,508 shares surrendered (~$42,837). The grant is an acquisition (award); the surrenders are tax-withholding disposals.

Key Details

• Grant: 96,567 RSUs on 2026-02-19 (report value $0) — each RSU converts to one share upon vesting.
• Tax withholding disposals:
  • 2026-02-19: 16,119 shares @ $2.33 = $37,557 (surrendered)
  • 2026-02-21: 2,389 shares @ $2.21 = $5,280 (surrendered)
• Footnotes:
  • F1: Surrenders reflect shares given back to the issuer to satisfy tax withholding.
  • F2: RSUs vest one-third on each of the first three anniversaries of the grant; units are forfeitable until vested.
  • F3: Filing notes 166,188 unvested RSUs (each convertible to one share upon vesting) are included in holdings.
• Filing: Form 4 filed 2026-02-23; based on transaction dates, the filing appears to be within the normal reporting window.

Context

• This was an equity compensation grant (acquisition) paired with routine tax-withholding share surrenders; such withholdings are common when RSUs vest and do not necessarily signal a trading decision. The RSUs vest over three years (one-third per year), so the shares are subject to forfeiture until vested.