Renato Derraik - Feb 12, 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Info./Digital Off., Bank
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Stock symbol
LOB
Transactions as of
Feb 12, 2025
Transactions value $
-$69,600
Form type
4
Date filed
2/14/2025, 05:04 PM
Previous filing
Feb 12, 2025
Next filing
Feb 18, 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 +4.26K +11.37% 41.7K Feb 12, 2025 Direct F1
transaction LOB Voting Common Stock Tax liability -$69.6K -2K -4.8% $34.80 39.7K Feb 12, 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 Options Exercise $0 -4.26K -20% $0.00 17K Feb 12, 2025 Voting Common Stock 4.26K Direct F1, F2
holding LOB Restricted Stock Units 50K Feb 12, 2025 Voting Common Stock 50K Direct F1, F3
holding LOB Restricted Stock Units 4.74K Feb 12, 2025 Voting Common Stock 4.74K Direct F1, F4
holding LOB Restricted Stock Units 71.7K Feb 12, 2025 Voting Common Stock 71.7K Direct F1, F5
holding LOB Restricted Stock Units 15.7K Feb 12, 2025 Voting Common Stock 15.7K Direct F1, F6
* 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 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.
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 equal 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 equal 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 February 10, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.