Wright Kristopher 4
4 · LiveOne, Inc. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
LiveOne (LVO) Director Kristopher Wright Receives 20,040 RSUs
What Happened Kristopher Wright, a director of LiveOne, Inc. (LVO), received a grant of 20,040 restricted stock units (RSUs) on March 2, 2026 as director compensation. The award is reported as a derivative grant at $0.00 per unit. The RSUs vest on March 31, 2026, subject to Wright’s continued service on the board, and each RSU represents a contingent right to one share of common stock or the cash value thereof.
Key Details
- Transaction date: March 2, 2026; Form 4 filed March 26, 2026 (appears late vs. the usual 2-business-day filing requirement).
- Transaction type/code: Award/Grant (A); price reported $0.00 (derivative award).
- Amount: 20,040 RSUs; not yet vested as of filing.
- Shares owned after transaction: not specified in the provided filing.
- Footnote summary: RSUs cover board service period Oct 1, 2024–Sep 30, 2025, vest on March 31, 2026 if still serving; Board will decide cash and/or stock payout under the 2016 Equity Incentive Plan; Wright may elect to defer settlement until departure from the board or up to five years after vesting.
Context This is a compensation grant (award), not an outright purchase or sale, so it does not reflect an immediate cash commitment or divestment by the director. Vesting is contingent on continued board service and the payout form (stock or cash) is at the board’s discretion. The late filing reduces near-term transparency for investors but does not change the nature of the award.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-03-02+20,040→ 20,040 total→ Common Stock, $0.001 par value (20,040 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.