Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOB | Voting Common Stock | Options Exercise | +2K | +2.44% | 84.1K | Feb 10, 2023 | Direct | F1 | ||
transaction | LOB | Voting Common Stock | Tax liability | -$23.9K | -696 | -0.83% | $34.34 | 83.4K | Feb 10, 2023 | Direct |
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 | -2K | -33.33% | $0.00 | 4.01K | Feb 10, 2023 | Voting Common Stock | 2K | Direct | F1, F2 | |
transaction | LOB | Restricted Stock Units | Award | $0 | +59.7K | $0.00 | 59.7K | Feb 13, 2023 | Voting Common Stock | 59.7K | Direct | F1, F3 | ||
holding | LOB | Restricted Stock Units | 11.9K | Feb 10, 2023 | Voting Common Stock | 11.9K | Direct | F1, F4 | ||||||
holding | LOB | Restricted Stock Units | 4K | Feb 10, 2023 | Voting Common Stock | 4K | Direct | F1, F5 | ||||||
holding | LOB | Employee Stock Option (right to buy) | 16.5K | Feb 10, 2023 | Voting Common Stock | 16.5K | $14.55 | Direct | F6 |
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 | 2,002 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 2,003 of the RSUs will vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date. |
F3 | The RSUs vest in five pro rata installments beginning on February 13, 2024, 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. |
F5 | The RSUs vest in five equal annual installments beginning on February 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date. |
F6 | The shares subject to this option vested and became exercisable yearly in seven installments beginning on November 19, 2016, as follows: 10% of the shares subject to the option vested on each of November 19, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on November 19, 2021; and 25% of the shares subject to the option vested on November 19, 2022. |