LivePerson (LPSN) Director Karin-Joyce Disposes 18,666 Shares

What Happened

• Director Karin-Joyce reported a disposition of 18,666 LivePerson (LPSN) shares on September 4, 2026. The shares were not sold on the open market; they were cancelled and converted into consideration under LivePerson’s merger with SoundHound AI, Inc. The merger consideration is 0.4673 shares of SoundHound (Parent) Class A common stock per LivePerson share, so the 18,666 LivePerson shares equate to approximately 8,722.6 Parent Class A shares. No cash price or proceeds were reported in the Form 4 (price listed as N/A).

Key Details

• Transaction date: 2026-09-04 (reported on the same date)
• Transaction type: Disposition to issuer (D) — shares cancelled in connection with the merger
• Shares disposed: 18,666 (this count reflects LivePerson’s 1-for-15 reverse split effective Oct 13, 2025)
• Conversion ratio: 0.4673 Parent Class A shares per LivePerson share (per Merger Agreement)
• Price/proceeds: N/A (no cash sale reported; consideration paid in Parent stock)
• Shares owned after transaction: not specified in this filing
• Filing timeliness: reported for the period/date of the merger (no late filing indicated)

Context

• This was a corporate-transaction disposition tied to the Merger Agreement (Merger Sub and Merger Sub II merged into LivePerson, making LivePerson an indirect wholly owned subsidiary of SoundHound). It is not an open-market sale and therefore does not directly indicate insider sentiment about the market price. The key economic effect was conversion of LivePerson shares into SoundHound Parent shares per the agreed exchange ratio.