Michael Quartieri - Nov 30, 2021 Form 4 Insider Report for LiveOne, Inc. (LVO)

Signature
/s/ Michael Quartieri
Stock symbol
LVO
Transactions as of
Nov 30, 2021
Transactions value $
-$112,584
Form type
4
Date filed
12/8/2021, 08:30 PM
Next filing
Jan 10, 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 +250K +1298.36% 269K Nov 30, 2021 Direct F1
transaction LVO Common Stock, $0.001 par value Other -$113K -66.1K -24.54% $1.70 203K Dec 6, 2021 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 -250K -50% $0.00 250K Nov 30, 2021 Common Stock, $0.001 par value 250K 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 These Restricted Stock Units (the "RSUs") were granted pursuant to the Reporting Person's Employment Agreement, dated as of November 16, 2020 (the "EA"), and collectively represent the first portion of the unvested RSUs that vested as of November 2021. Each vested RSU was settled by the Issuer on the reported date by delivery to the Reporting Person of one share of the Issuer's common stock. The remaining restricted stock units granted pursuant to the EA vest as provided therein and previously reported on the Reporting Person's Form 3 filed with the U.S. Securities and Exchange Commission on December 7, 2020.
F3 On the reported date these shares were sold by the 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 as reported in this footnote. 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.