LivePerson (LPSN) CEO Sabino Anthony John Disposes 239,017 Shares in Merger

What Happened

• Sabino Anthony John, CEO of LivePerson (LPSN), reported dispositions totaling 239,017 shares/units (37,080; 135,271; and a 66,666 derivative amount) on September 4, 2026. These were dispositions to the issuer tied to the company’s merger with SoundHound AI — not open‑market sales. No per‑share price or cash proceeds were reported (listed as N/A).
• Under the Merger Agreement, each LivePerson share was cancelled and converted into the right to receive 0.4673 shares of SoundHound AI’s Class A common stock. The 135,271 item represents previously awarded LivePerson restricted stock units (RSUs) that were assumed and converted into SoundHound RSUs. Certain LivePerson options held by the reporting person were cancelled without payment because their exercise prices exceeded the merger consideration.

Key Details

• Transaction date: September 4, 2026 (same date as the filing period). Price: N/A (conversion/cancellation in merger).
• Total LivePerson shares/units disposed/cancelled: 239,017 (37,080 + 135,271 + 66,666).
• Conversion rate: 0.4673 SoundHound Class A shares per LivePerson share. Roughly estimated Parent shares resulting from these converted awards: ~111,692 SoundHound Class A shares (rounded down per award rules).
• The 135,271 figure specifically denotes Company RSUs that were converted into "Assumed RSUs" covering SoundHound shares; the 66,666 item is marked as a derivative disposition and relates to equity awards impacted by the merger. Per the filing, LivePerson options that were outstanding and underwater were cancelled with no payment.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: report period and filing date are the same (September 4, 2026); no late‑filing flag noted.

Context

• These entries reflect corporate actions tied to a merger (conversion/cancellation and assumption of awards), not insider selling into the market — so they do not signal CEO trading sentiment in the usual sense.
• For retail investors: conversions of RSUs and cancellation of underwater options are common in M&A; the key takeaways are the conversion ratio (0.4673) and that some option value was lost because exercise prices exceeded the merger consideration.