William C. Losch III - Feb 10, 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
President
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Stock symbol
LOB
Transactions as of
Feb 10, 2025
Transactions value $
$0
Form type
4
Date filed
2/12/2025, 06:48 PM
Previous filing
Aug 28, 2024
Next filing
Feb 14, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LOB Voting Common Stock 123K 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 +45.2K $0.00 45.2K Feb 10, 2025 Voting Common Stock 45.2K Direct F1, F2
holding LOB Restricted Stock Units 84K Feb 10, 2025 Voting Common Stock 84K Direct F1, F3
holding LOB Restricted Stock Units 3.79K Feb 10, 2025 Voting Common Stock 3.79K Direct F1, F4
holding LOB Restricted Stock Units 71.7K Feb 10, 2025 Voting Common Stock 71.7K Direct F1, F5
holding LOB Restricted Stock Units 200K Feb 10, 2025 Voting Common Stock 200K Direct F1, F6
holding LOB Restricted Stock Units 55.1K Feb 10, 2025 Voting Common Stock 55.1K Direct F1, 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, 2026, 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 August 10, 2022, 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 14, 2023, 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 February 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
F6 The RSUs vest in five equal annual installments beginning on August 25, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
F7 The RSUs vest in five pro rata 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.