William Henderson Cameron - 12 Jun 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: 12 Jun 2023
Net transactions value: +$97,489
Form type: 4
Filing time: 13 Jun 2023, 16:22:10 UTC
Previous filing: 18 May 2023
Next filing: 23 Feb 2024
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	Purchase	$97,489	+4,000	+2.4%	$24.37	171,217	12 Jun 2023	By William H. Cameron Revocable Trust	F1
holding	LOB	Voting Common Stock						3,279	12 Jun 2023	Direct
holding	LOB	Voting Common Stock						470	12 Jun 2023	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						3,625	12 Jun 2023	Voting Common Stock	3,625		Direct	F2, F3
holding	LOB	Stock Option (right to buy)						30,000	12 Jun 2023	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	This transaction was executed in multiple trades at prices ranging from $24.32 to $24.41. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
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, 2024.
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.