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

Role
Chief Strategy Officer
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Stock symbol
LOB
Transactions as of
Feb 12, 2025
Transactions value $
-$26,692
Form type
4
Date filed
2/14/2025, 05:05 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 +2.25K +7.57% 32K Feb 12, 2025 Direct F1
transaction LOB Voting Common Stock Tax liability -$26.7K -767 -2.4% $34.80 31.2K 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 -2.25K -20% $0.00 9.01K Feb 12, 2025 Voting Common Stock 2.25K Direct F1, F2
holding LOB Restricted Stock Units 4K Feb 12, 2025 Voting Common Stock 4K Direct F1, F3
holding LOB Restricted Stock Units 5.56K Feb 12, 2025 Voting Common Stock 5.56K Direct F1, F4
holding LOB Restricted Stock Units 4.74K Feb 12, 2025 Voting Common Stock 4.74K Direct F1, F5
holding LOB Restricted Stock Units 47.8K Feb 12, 2025 Voting Common Stock 47.8K Direct F1, F6
holding LOB Restricted Stock Units 7.84K Feb 12, 2025 Voting Common Stock 7.84K 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 2,000 of the RSUs will vest on each of February 22, 2023, 2024, 2025, and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F4 1,112 of the RSUs vested on each of February 10, 2023 and 2025; 1,113 of the RSUs vested on February 12, 2024; 2,780 of the RSUs will vest on February 10, 2026; and 2,782 of the RSUs will vest on February 10, 2027, 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 14, 2023, 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 13, 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.