Wachsberger Patrick D 4
4 · LiveOne, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
LiveOne (LVO) Director Patrick Wachsberger Receives RSU Award
What Happened
Patrick D. Wachsberger, a director of LiveOne, Inc. (LVO), received a grant of 21,253 restricted stock units (RSUs) on 2026-03-02. The Form 4 reports the acquisition as a derivative award (transaction code A) at $0.00 per unit (no cash paid at grant). Each RSU is a contingent right to one share of common stock or the cash value thereof.
Key Details
- Transaction date reported: 2026-03-02; Form 4 filed 2026-03-17 (appears to be filed late relative to the usual 2-business-day deadline).
- Grant: 21,253 RSUs, reported price $0.00 (derivative award).
- Vesting: RSUs vest on March 31, 2026, subject to continued board service through that date.
- Payout: Board will determine settlement form (shares and/or cash); the reporting person may elect to defer settlement until earlier of leaving the board or up to five years after vesting.
- Shares owned after transaction: Not specified in the filing (the award is a contingent right, not currently issued shares).
- Footnote: RSUs were granted as director fees for service covering Oct 1, 2024–Sep 30, 2025.
Context
This is a compensation grant (award) to a director, not an open-market buy or sale. RSU grants are routine for board compensation and do not indicate an immediate purchase or sale of stock; value will materialize only if and when the RSUs vest and are settled. The late filing could be informative for timing/compliance but does not change the nature of the award.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-03-02+21,253→ 21,253 total→ Common Stock, $0.001 par value (21,253 underlying)
Footnotes (1)
- [F1]The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2024 to September 30, 2025. The RSUs shall vest on March 31, 2026 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date.