LiveWire Group, Inc.

13. Restructuring

On April 24, 2024, the Company announced a plan to both relocate the operations of LiveWire Labs, the Company’s west coast product development facility, from Mountain View, California, to Milwaukee, Wisconsin, and streamline headcount at the Company. The Company believes this plan will enable synergies and optimize efficiencies in product development and simplify the Company’s overall path to future profitability. Total cumulative costs associated with this plan were $3,752 thousand and there are no other amounts expected to be incurred under this plan. All costs associated with this plan were recognized in the prior year and no amounts were recognized in the three months ended March 31, 2025 and March 31, 2024. As of March 31, 2025, there is $174 thousand remaining to be paid related to this plan, which will be paid in 2025.

In September 2024, continuing its focus on the Company’s path to profitability and furthering its strategy, the Company executed a reorganization of its Sales and Marketing function and Product Development and Design function, including consolidating each of these functions under singular leadership and other headcount reductions. Total cumulative costs associated with this reorganization were $1,271 thousand and there are no other amounts expected to be incurred under this plan. All costs associated with this plan were recognized in the prior year and no amounts were recognized in the three months ended March 31, 2025 and March 31, 2024. As of March 31, 2025, there areno amounts remaining to be paid related to this reorganization.

The following table displays a roll-forward of the restructuring liability recorded within the Company’s consolidated balance sheets and the related cash flow activity (in thousands):