William Henderson Cameron - 09 Sep 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: 09 Sep 2022
Net transactions value: $0
Form type: 4
Filing time: 15 Sep 2022, 16:42:08 UTC
Previous filing: 19 May 2022
Next filing: 19 Dec 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	Gift	$0	+6,073	+3.8%	$0.000000	166,217	09 Sep 2022	By William H. Cameron Revocable Trust	F1
holding	LOB	Voting Common Stock						1,229	09 Sep 2022	Direct
holding	LOB	Voting Common Stock						470	09 Sep 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
holding	LOB	Restricted Stock Units						2,050	09 Sep 2022	Voting Common Stock	2,050		Direct	F2, F3
holding	LOB	Stock Option (right to buy)						30,000	09 Sep 2022	Voting Common Stock	30,000	$4.40	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 9, 2019, the Reporting Person contributed 28,000 shares to a Grantor Retained Annuity Trust (the "GRAT"). On September 9, 2022, the trustee of the GRAT distributed 6,073 shares to the Reporting Person's Revocable Trust in satisfaction of the GRAT's annuity obligation to the Reporting Person.
F2	Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
F3	The restricted stock units vest on May 1, 2023.
F4	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.