William C. Losch III - Feb 13, 2023 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role: Chief Financial Officer
Signature: /s/ Jonathan A. Greene, by Power of Attorney
Stock symbol: LOB
Transactions as of: Feb 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/14/2023, 08:08 PM
Previous filing: Aug 12, 2022
Next filing: Feb 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LOB	Voting Common Stock						35.2K	Feb 13, 2023	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	Award	$0	+89.6K		$0.00	89.6K	Feb 13, 2023	Voting Common Stock	89.6K		Direct	F1, F2
holding	LOB	Restricted Stock Units						168K	Feb 13, 2023	Voting Common Stock	168K		Direct	F1, F3
holding	LOB	Restricted Stock Units						6.32K	Feb 13, 2023	Voting Common Stock	6.32K		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
F2	The RSUs vest in five equal annual installments beginning on February 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
F3	The RSUs vest in five equal annual installments beginning on August 10, 2022, 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 14, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.