William C. Losch III - Feb 14, 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 14, 2025
Transactions value $
-$297,206
Form type
4
Date filed
2/18/2025, 08:36 PM
Previous filing
Feb 14, 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 +17.9K +13.92% 147K Feb 14, 2025 Direct F1
transaction LOB Voting Common Stock Tax liability -$278K -7.97K -5.43% $34.92 139K Feb 14, 2025 Direct
transaction LOB Voting Common Stock Options Exercise +1.26K +0.91% 140K Feb 14, 2025 Direct F1
transaction LOB Voting Common Stock Tax liability -$19.1K -562 -0.4% $33.93 139K Feb 14, 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 -17.9K -25% $0.00 53.8K Feb 14, 2025 Voting Common Stock 17.9K Direct F1, F2
transaction LOB Restricted Stock Units Options Exercise $0 -1.26K -33.33% $0.00 2.53K Feb 14, 2025 Voting Common Stock 1.26K Direct F1, F3
holding LOB Restricted Stock Units 84K Feb 14, 2025 Voting Common Stock 84K Direct F1, F4
holding LOB Restricted Stock Units 45.2K Feb 14, 2025 Voting Common Stock 45.2K Direct F1, F5
holding LOB Restricted Stock Units 44.1K Feb 14, 2025 Voting Common Stock 44.1K Direct F1, F6
holding LOB Restricted Stock Units 200K Feb 14, 2025 Voting Common Stock 200K 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 13, 2024, 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 February 14, 2023, 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 August 10, 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 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.
F6 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.
F7 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.