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

Signature
/s/ Michael Quartieri
Issuer symbol
LVO
Transactions as of
30 Nov 2021
Net transactions value
-$112,584
Form type
4
Filing time
08 Dec 2021, 20:30:07 UTC
Next filing
10 Jan 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 +250,000 +1298% 269,255 30 Nov 2021 Direct F1
transaction LVO Common Stock, $0.001 par value Other $112,584 -66,078 -25% $1.70 203,177 06 Dec 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 -250,000 -50% $0.000000 250,000 30 Nov 2021 Common Stock, $0.001 par value 250,000 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.