Walter J. Phifer - 10 Feb 2025 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
10 Feb 2025
Net transactions value
-$3,403
Form type
4
Filing time
12 Feb 2025, 18:55:41 UTC
Previous filing
18 Dec 2024
Next filing
14 Feb 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 +195 +4.2% 4,800 10 Feb 2025 Direct F1
transaction LOB Voting Common Stock Tax liability $3,403 -97 -2% $35.08 4,703 10 Feb 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 +9,264 $0.000000 9,264 10 Feb 2025 Voting Common Stock 9,264 Direct F1, F2
transaction LOB Restricted Stock Units Options Exercise $0 -195 -100% $0.000000 0 10 Feb 2025 Voting Common Stock 195 Direct F1, F3
holding LOB Restricted Stock Units 138 10 Feb 2025 Voting Common Stock 138 Direct F1, F4
holding LOB Restricted Stock Units 471 10 Feb 2025 Voting Common Stock 471 Direct F1, F5
holding LOB Restricted Stock Units 4,716 10 Feb 2025 Voting Common Stock 4,716 Direct F1, F6
holding LOB Restricted Stock Units 10,015 10 Feb 2025 Voting Common Stock 10,015 Direct F1, F7
holding LOB Employee Stock Option (right to buy) 6,160 10 Feb 2025 Voting Common Stock 6,160 $13.59 Direct 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 in five pro rata annual installments beginning on February 10, 2021.
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 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.
F8 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.