David G. Lucht - Feb 22, 2022 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Director
Signature
/s/ Jonathan A. Greene, by Power of Attorney
Stock symbol
LOB
Transactions as of
Feb 22, 2022
Transactions value $
-$5,200
Form type
4
Date filed
2/24/2022, 04:07 PM
Previous filing
Nov 17, 2021
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise +246 +1.72% 14.5K Feb 22, 2022 Direct F1
transaction LOB Voting Common Stock Tax liability -$5.2K -86 -0.59% $60.47 14.5K Feb 22, 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% $0.00* 0 Feb 22, 2022 Voting Common Stock 246 Direct F1, F2
holding LOB Restricted Stock Units 1.23K Feb 22, 2022 Voting Common Stock 1.23K 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.