Diane Beth Glossman - 01 May 2023 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 2023
Net transactions value: $0
Form type: 4
Filing time: 02 May 2023, 17:20:05 UTC
Previous filing: 29 Aug 2022
Next filing: 18 May 2023
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		+2,050	+3.2%		67,031	01 May 2023	Direct	F1

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	-2,050	-100%	$0.000000^*	0	01 May 2023	Voting Common Stock	2,050		Direct	F1, F2

* 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, 2023.