Aaron Sullivan - 01 Mar 2023 Form 4 Insider Report for LiveOne, Inc. (LVO)

Signature
/s/ Aaron Sullivan
Issuer symbol
LVO
Transactions as of
01 Mar 2023
Transactions value $
-$2,867
Form type
4
Filing time
06 Mar 2023, 20:00:30 UTC
Previous filing
05 Dec 2022
Next filing
18 Aug 2023

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 +6,250 +9.16% 74,445 01 Mar 2023 Direct F1
transaction LVO Common Stock, $0.001 par value Other -$2,866 -2,630 -3.53% $1.09 71,815 01 Mar 2023 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 -6,250 -100% $0* 0 01 Mar 2023 Common Stock, $0.001 par value 6,250 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 6,250 vested Restricted Stock Units ("RSUs") that were settled on the reported date out of the original 100,000 RSUs granted to the Reporting Person pursuant to his employment agreement, dated as of March 26, 2019, as amended. 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.