Michael Cairns - Feb 10, 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Credit Officer
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Stock symbol
LOB
Transactions as of
Feb 10, 2025
Transactions value $
-$6,806
Form type
4
Date filed
2/12/2025, 06:39 PM
Previous filing
Dec 18, 2024
Next filing
Feb 25, 2025
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 +390 +5.84% 7.07K Feb 10, 2025 Direct F1
transaction LOB Voting Common Stock Tax liability -$6.81K -194 -2.74% $35.08 6.87K Feb 10, 2025 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 Award $0 +6.41K $0.00 6.41K Feb 10, 2025 Voting Common Stock 6.41K Direct F1, F2
transaction LOB Restricted Stock Units Options Exercise $0 -390 -100% $0.00 0 Feb 10, 2025 Voting Common Stock 390 Direct F1, F3
holding LOB Restricted Stock Units 290 Feb 10, 2025 Voting Common Stock 290 Direct F1, F4
holding LOB Restricted Stock Units 471 Feb 10, 2025 Voting Common Stock 471 Direct F1, F5
holding LOB Restricted Stock Units 2.83K Feb 10, 2025 Voting Common Stock 2.83K Direct F1, F6
holding LOB Restricted Stock Units 3.78K Feb 10, 2025 Voting Common Stock 3.78K Direct F1, F7
holding LOB Restricted Stock Units 12.1K Feb 10, 2025 Voting Common Stock 12.1K Direct F1, F8
* 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, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F3 The RSUs vested on February 10, 2025.
F4 145 of the RSUs will vest on each of February 22, 2025 and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F5 235 of the RSUs will vest on each of December 15, 2024 and 2025, and 236 of the RSUs will vest on December 15, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F6 943 of the RSUs vested on December 9, 2024, and 943 of the RSUs will vest on each of December 8, 2025, 2026, and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
F7 945 of the RSUs vested on December 9, 2024, and 946 of the RSUs will vest on each of December 8, 2025, 2026, 2027, and 2028, subject to the reporting person's continuous service to the Company or a related entity on such date.
F8 2,420 of the RSUs will vest on each of August 19, 2025, 2026, 2027, 2028, and 2029, subject to the reporting person's continuous service to the Company or a related entity on such date.