Gerrard Allen 4

What Happened

• Gerrard Allen, LiveWire's General Counsel and Corporate Secretary, was granted 101,395 restricted stock units (RSUs) on 2026-02-19 (reported on Form 4). The grant is reported at $0 per unit (no cash paid).
• On the same date, Allen surrendered 16,481 shares of LiveWire common stock to the company to satisfy tax withholding obligations related to vesting, at $2.33 per share, totaling $38,401. The surrender is a disposition for tax withholding, not an open-market sale.

Key Details

• Transaction date: 2026-02-19; filing date: 2026-02-23 (filed within the normal Form 4 deadline).
• Grant type/code: A (award/grant of RSUs). Tax-withholding disposition code: F.
• RSU terms (footnote): Each RSU represents a contingent right to one share; one‑third of the units vest on each of the first three anniversaries of the grant; units are subject to forfeiture until vested.
• The filing notes (footnote) that 166,827 unvested RSUs are included in reported holdings.
• Cash value of surrendered shares: 16,481 × $2.33 = $38,401.

Context

• The 101,395 RSU grant is a non-cash compensation award that vests over time; such grants are common for executive retention and don't represent an immediate purchase.
• The 16,481-share disposition was a routine tax-withholding event (shares surrendered to cover withholding) rather than a market sale that signals a change in conviction.
• For retail investors, grants indicate future potential dilution as units vest and convert to shares; tax-withholding surrenders are standard and not necessarily negative or positive sentiment indicators.