Ryan Morrissey - Dec 2, 2022 Form 4 Insider Report for LiveWire Group, Inc. (LVWR)

Role: President
Signature: By: /s/ Kenitra Morgan, attorney-in-fact
Stock symbol: LVWR
Transactions as of: Dec 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/6/2022, 04:14 PM
Previous filing: Sep 26, 2022
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LVWR	Common Stock	Award	$0	+166K		$0.00	166K	Dec 2, 2022	Direct	F1

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	LVWR	Performance Shares	Award	$0	+249K		$0.00	249K	Dec 2, 2022	Common Stock	249K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	The transaction reported is a grant of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. One-third of the units granted vest on each of the first three anniversaries of the date of the grant.
F2	The performance shares represent contingent rights to receive shares of the Issuer's common stock. The performance shares will be earned based on the Issuer's common stock achieving a specified average share price during the performance period ending on the third anniversary of the grant date. The number of performance shares earned may range from zero to 200% of the target number of performance shares reported above.

Content

The transaction reported is a grant of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. One-third of the units granted vest on each of the first three anniversaries of the date of the grant.

The performance shares represent contingent rights to receive shares of the Issuer's common stock. The performance shares will be earned based on the Issuer's common stock achieving a specified average share price during the performance period ending on the third anniversary of the grant date. The number of performance shares earned may range from zero to 200% of the target number of performance shares reported above.