Renato Derraik - Aug 10, 2021 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
Aug 10, 2021
Transactions value $
$0
Form type
4
Date filed
8/11/2021, 05:25 PM
Previous filing
Jun 7, 2021
Next filing
Feb 16, 2022

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 +125K $0.00 125K Aug 10, 2021 Voting Common Stock 125K Direct F1, F2
* 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 August 10, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.