Vector Capital Discloses 10.5M Share Stake in LivePerson

TL;DR

**Vector Capital just revealed a huge 10.5 million share stake in LivePerson, signaling potential activist interest or strong conviction.**

AI Summary

Vector Capital VI, L.P., a Cayman Islands-based entity, along with its affiliates Vector Capital, L.L.C. and Alexander R. Slusky, reported beneficial ownership of 10,544,491 shares of LivePerson Inc. common stock as of November 9, 2023. This represents a significant stake, giving Vector Capital substantial shared voting power over LivePerson's strategic decisions. For investors, this indicates a major institutional investor has taken a large position, potentially signaling confidence or an intent to influence the company's direction.

Why It Matters

A large institutional stake like this can influence LivePerson's governance and future strategy, potentially leading to changes that impact stock performance.

Risk Assessment

Risk Level: medium — While a large institutional investment can be a positive signal, it also introduces the risk of activist pressure or strategic shifts that may not align with all shareholders' interests.

Analyst Insight

Investors should monitor LivePerson's news for any announcements regarding Vector Capital's intentions or potential board changes, as a large institutional holder can drive significant shifts.

Key Numbers

• 10,544,491 — Shares Beneficially Owned (Represents the shared voting power of Vector Capital VI, L.P. in LivePerson Inc.)
• $0.001 — Par Value per Share (The stated par value of LivePerson Inc. Common Stock.)
• November 9, 2023 — Date of Event (The date that triggered the requirement to file this Schedule 13G.)

Key Players & Entities

• Vector Capital VI, L.P. (company) — reporting person and beneficial owner of LivePerson shares
• LIVEPERSON, INC. (company) — the subject company whose securities are being reported
• Alexander R. Slusky (person) — group member associated with Vector Capital
• Vector Capital, L.L.C. (company) — group member associated with Vector Capital
• Cayman Islands (company) — place of organization for Vector Capital VI, L.P.

Forward-Looking Statements

• Vector Capital may seek to influence LivePerson's strategic direction or board composition given their significant stake. (LivePerson Inc.) — medium confidence, target: Next 6-12 months

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• d458174dsc13g.htm (SC 13G) — 88KB
• d458174dex991.htm (EX-99.1) — 4KB
• 0001193125-24-006057.txt ( ) — 94KB

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 10, 2024 VECTOR CAPITAL VI, L.P. By: Vector Capital Partners VI, L.P., its General Partner By: Vector Capital Partners VI, Ltd., its General Partner /s/ David Baylor David Baylor, Director VECTOR CAPITAL MANAGEMENT, L.P. By: Vector Capital, L.L.C., its General Partner /s/ Alexander R. Slusky Alexander R. Slusky. Managing Member VECTOR CAPITAL, L.L.C. /s/ Alexander R. Slusky Alexander R. Slusky. Managing Member /s/ Alexander R. Slusky ALEXANDER R. SLUSKY

View Full Filing

View this SC 13G filing on SEC EDGAR