Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOB | Voting Common Stock | Sale | -$98.6K | -1K | -1.26% | $98.56 | 78.2K | Nov 4, 2021 | Direct | |
transaction | LOB | Voting Common Stock | Sale | -$493K | -5K | -6.4% | $98.63 | 73.2K | Nov 4, 2021 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | LOB | Restricted Stock Units | 8.01K | Nov 4, 2021 | Voting Common Stock | 8.01K | Direct | F2, F3 | ||||||
holding | LOB | Restricted Stock Units | 5K | Nov 4, 2021 | Voting Common Stock | 5K | Direct | F2, F4 | ||||||
holding | LOB | Employee Stock Option (right to buy) | 30K | Nov 4, 2021 | Voting Common Stock | 30K | $14.55 | Direct | F5 |
Id | Content |
---|---|
F1 | This transaction was executed in multiple trades at prices ranging from $98.54 to $98.635. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected. |
F2 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. |
F3 | 2,002 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 2,003 of the RSUs will vest on February 10, 2025, 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 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date. |
F5 | The shares subject to this option vest and become exercisable yearly in seven installments beginning on November 19, 2016, as follows: 10% of the shares subject to the option vest on each of November 19, 2016, 2017, 2018, 2019,and 2020; and 25% of the shares subject to the option vest on each of November 19, 2021 and 2022. |