LiveWire Group, Inc.

Item 5. Other Information

On July 31, 2025, the Human Resources Committee of the Company’s Board of Directors (the “Committee”) approved a modification to the cash severance amounts for the Company’s executive officers. The modification provides that the base salary multiple used to determine certain payments due to executive officers under the Company’s Executive Severance Plan will be increased by six months, for purposes of both the cash severance lump sum payment and the cash lump sum payment for employee benefits coverage, which payments are otherwise subject to the terms of the Executive Severance Plan. The Committee also approved the grant to Ryan Ragland, the Head of Product Development & Design of the Company, of a restricted stock unit valued at $60,000, to be granted August 4, 2025, that will vest as to one-third of the shares on each annual anniversary of the date of grant.

None of our directors or executive officers adopted orterminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K) during the second quarter of 2025.