David G. Lucht - 22 Feb 2022 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
22 Feb 2022
Net transactions value
-$5,200
Form type
4
Filing time
24 Feb 2022, 16:07:35 UTC
Previous filing
17 Nov 2021
Next filing
03 May 2022
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 +246 +1.7% 14,546 22 Feb 2022 Direct F1
transaction LOB Voting Common Stock Tax liability $5,200 -86 -0.59% $60.47 14,460 22 Feb 2022 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 -246 -100% $0.000000* 0 22 Feb 2022 Voting Common Stock 246 Direct F1, F2
holding LOB Restricted Stock Units 1,229 22 Feb 2022 Voting Common Stock 1,229 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 (the "RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
F2 The RSUs vested in full on February 22, 2022.
F3 The RSUs vest on May 1, 2022.