Aaron Sullivan - Dec 31, 2021 Form 3 Insider Report for LiveOne, Inc. (LVO)

Role: Interim CFO, Controller & EVP
Signature: /s/ Aaron Sullivan
Stock symbol: LVO
Transactions as of: Dec 31, 2021
Transactions value $: $0
Form type: 3
Date filed: 8/16/2022, 08:30 PM
Next filing: Aug 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LVO	Common Stock, $0.001 par value						46.2K	Dec 31, 2021	Direct

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
holding	LVO	Restricted Stock Units							Dec 31, 2021	Common Stock, $0.001 par value	18.8K		Direct	F1, F4
holding	LVO	Restricted Stock Units							Dec 31, 2021	Common Stock, $0.001 par value	12.5K		Direct	F2, F4
holding	LVO	Restricted Stock Units							Dec 31, 2021	Common Stock, $0.001 par value	75K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents unvested 18,750 Restricted Stock Units ("RSUs") out of the original 100,000 RSUs granted to the Reporting Person pursuant to his employment agreement, dated as of March 26, 2019 (the "Employment Agreement"), such that 1/3 of the unvested RSUs will vest every three months after June 26, 2022 with the first tranche vesting on September 26, 2022, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date and earlier 50% vesting upon a Change of Control (as defined in the Employment Agreement). The remaining 81,250 RSUs have vested and were previously settled by the Issuer.
F2	Represents unvested 12,500 RSUs out of the original 25,000 RSUs granted to the Reporting Person pursuant to Amendment No. 1 to the Employment Agreement, dated as of October 26, 2020 and effective as of October 1, 2020, such that the unvested RSUs will vest on October 1, 2022, subject to the Reporting Person's continued employment with the Issuer through the vesting date and earlier 100% vesting upon a Change of Control or the date of Employee's death or disability. The remaining 12,500 RSUs have vested and were previously settled by the Issuer.
F3	75,000 RSUs were granted to the Reporting Person effective as of April 4, 2022 in connection with the Reporting Person's continued employment with the Issuer. The RSUs shall cliff vest on April 4, 2024, subject to the Reporting Person's continued employment with the Issuer through the vesting date and earlier 100% vesting upon a Change of Control.
F4	Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Issuer's board of directors or its compensation committee, 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).