David G. Lucht - 11 May 2021 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Director
Signature
/s/ Jonathan A. Greene, by Power of Attorney
Issuer symbol
LOB
Transactions as of
11 May 2021
Net transactions value
$0
Form type
4
Filing time
12 May 2021, 18:57:25 UTC
Next filing
17 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LOB Voting Common Stock 15,300 11 May 2021 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 +1,229 $0.000000 1,229 11 May 2021 Voting Common Stock 1,229 Direct F1, F2
holding LOB Restricted Stock Units 246 11 May 2021 Voting Common Stock 246 Direct F1, F3
* 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 on May 1, 2022.
F3 The RSUs vest in full on February 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.