Walter J. Phifer - 12 Feb 2024 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Financial Officer
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol
LOB
Transactions as of
12 Feb 2024
Transactions value $
$-3,874
Form type
4
Filing time
14 Feb 2024, 20:03:59 UTC
Previous filing
11 Jan 2024
Next filing
26 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise +195 +5.62% 3,665 12 Feb 2024 Direct F1
transaction LOB Voting Common Stock Tax liability $-3,874 -97 -2.65% $39.94 3,568 12 Feb 2024 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
transaction LOB Restricted Stock Units Options Exercise $0 -195 -50% $0.000000 195 12 Feb 2024 Voting Common Stock 195 Direct F1, F2
transaction LOB Restricted Stock Units Award $0 +10,015 $0.000000 10,015 12 Feb 2024 Voting Common Stock 10,015 Direct F1, F3
holding LOB Restricted Stock Units 206 12 Feb 2024 Voting Common Stock 206 Direct F1, F4
holding LOB Restricted Stock Units 706 12 Feb 2024 Voting Common Stock 706 Direct F1, F5
holding LOB Restricted Stock Units 6,288 12 Feb 2024 Voting Common Stock 6,288 Direct F1, F6
holding LOB Employee Stock Option (right to buy) 6,160 12 Feb 2024 Voting Common Stock 6,160 $13.59 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
F2 The RSUs vest in five pro rata annual installments beginning on February 10, 2021, subject to the reporting person's continuous service to the Company or a related entity on such date.
F3 The RSUs vest in five equal annual installments beginning on February 12, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
F4 The RSUs vest in five pro rata annual installments beginning on February 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
F5 The RSUs vest in five pro rata annual installments beginning on December 15, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
F6 The RSUs vest in five pro rata annual installments beginning on December 9, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
F7 The shares subject to this option vested and became exercisable yearly in seven installments beginning on February 16, 2017, as follows: 10% of the shares subject to the option vested on each of February 16, 2017, 2018, 2019, 2020, and 2021; 25% of the shares subject to the option vested on each of February 16, 2022 and 2023.