Aaron Sullivan - 15 Nov 2022 Form 4 Insider Report for LiveOne, Inc. (LVO)

Signature
/s/ Aaron Sullivan
Issuer symbol
LVO
Transactions as of
15 Nov 2022
Transactions value $
-$3,539
Form type
4
Filing time
17 Nov 2022, 19:31:49 UTC
Previous filing
09 Sep 2022
Next filing
05 Dec 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LVO Common Stock, $0.001 par value Options Exercise +12,500 +22.1% 69,073 15 Nov 2022 Direct F1
transaction LVO Common Stock, $0.001 par value Other -$3,538 -4,782 -6.92% $0.7400 64,291 15 Nov 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LVO Restricted Stock Units Options Exercise $0 -12,500 -100% $0.000000* 0 15 Nov 2022 Common Stock, $0.001 par value 12,500 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into Common Stock on a one-for-one basis.
F2 Represents 12,500 vested Restricted Stock Units ("RSUs") that were settled on the reported date granted to the Reporting Person pursuant to Amendment No. 1 to his employment agreement, dated as of October 25, 2020 and effective as October 1, 2020. Each vested RSU was settled by Issuer by delivery to the Reporting Person of one share of Issuer's common stock.
F3 On the reported date these shares were sold by Issuer's broker into the open market solely to satisfy the Reporting Person's required tax withholding in connection with the settlement of the RSUs reported herein. The sale price represents a weighted average price as multiple executions were involved in completing the sale transaction. Additional detail regarding the individual execution prices is available upon request.