LivePerson (LPSN) Director Vanessa Pegueros Disposes 22,663 Shares

What Happened

• Vanessa Pegueros, a director of LivePerson, reported a disposition to the issuer of 22,663 shares on September 4, 2026. The Form 4 lists the price as N/A and does not show cash proceeds — the disposal occurred in connection with the merger described in the filing, not an open‑market sale. Per the merger terms, each LivePerson share was converted into 0.4673 shares of SoundHound AI, Inc. (the Parent), so the 22,663 LivePerson shares convert into approximately 10,590 Parent Class A shares. The reported share count reflects LivePerson’s 1-for-15 reverse split from October 13, 2025.

Key Details

• Transaction date: 2026-09-04; Transaction code: D (disposition to issuer)
• Shares disposed: 22,663 LivePerson shares (post 1-for-15 reverse split)
• Price / proceeds: N/A on Form 4 (disposition via merger/conversion, not a market sale)
• Conversion: Each LivePerson share converted to 0.4673 shares of SoundHound AI, so 22,663 × 0.4673 ≈ 10,590 Parent Class A shares
• Footnotes: F1–F3 explain the Merger Agreement, conversion ratio (0.4673), and the 1-for-15 reverse split
• Shares owned after transaction: LivePerson common shares were cancelled and converted under the merger; the Form 4 does not list remaining issuer shares (effectively eliminated by the merger)

Context

• This was a corporate transaction tied to the Merger Agreement (Merger Subs merged into LivePerson, making LivePerson an indirect wholly owned subsidiary of SoundHound). A "disposition to issuer" in this context means shares were cancelled and exchanged under the merger terms rather than sold on the open market. Such filings document the corporate restructuring and conversion of holdings; they do not, by themselves, indicate insider buying or selling intent.