William C. Losch III - 12 Feb 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role: President
Signature: /s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol: LOB
Transactions as of: 12 Feb 2025
Net transactions value: -$172,504
Form type: 4
Filing time: 14 Feb 2025, 17:04:50 UTC
Previous filing: 12 Feb 2025
Next filing: 18 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		+11,016	+9%		133,756	12 Feb 2025	Direct	F1
transaction	LOB	Voting Common Stock	Tax liability	$172,504	-4,957	-3.7%	$34.80	128,799	12 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	Options Exercise	$0	-11,016	-20%	$0.000000	44,066	12 Feb 2025	Voting Common Stock	11,016		Direct	F1, F2
holding	LOB	Restricted Stock Units						84,000	12 Feb 2025	Voting Common Stock	84,000		Direct	F1, F3
holding	LOB	Restricted Stock Units						3,792	12 Feb 2025	Voting Common Stock	3,792		Direct	F1, F4
holding	LOB	Restricted Stock Units						71,692	12 Feb 2025	Voting Common Stock	71,692		Direct	F1, F5
holding	LOB	Restricted Stock Units						200,000	12 Feb 2025	Voting Common Stock	200,000		Direct	F1, F6
holding	LOB	Restricted Stock Units						45,153	12 Feb 2025	Voting Common Stock	45,153		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 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 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 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.