William Henderson Cameron - 01 May 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: 01 May 2022
Net transactions value: $0
Form type: 4
Filing time: 03 May 2022, 18:28:34 UTC
Previous filing: 20 Dec 2021
Next filing: 19 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		+1,229			1,229	01 May 2022	Direct	F1
holding	LOB	Voting Common Stock						160,144	01 May 2022	By William H. Cameron Revocable Trust
holding	LOB	Voting Common Stock						470	01 May 2022	By GST-Exempt Trust

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	-1,229	-100%	$0.000000^*	0	01 May 2022	Voting Common Stock	1,229		Direct	F1, F2
holding	LOB	Stock Option (right to buy)						30,000	01 May 2022	Voting Common Stock	30,000	$4.40	Direct	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 represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
F2	The restricted stock units vested on May 1, 2022.
F3	The shares subject to this option vested and became exercisable yearly in seven installments beginning on March 26, 2015, as follows: 10% of the shares subject to the option vested on each of March 26, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vested on each of March 26, 2020 and 2021.