Live Oak Sponsor V, LLC - 27 Feb 2025 Form 3 Insider Report for Live Oak Acquisition Corp. V (LOKV)

Role
10%+ Owner
Signature
/s/ Richard J. Hendrix Managing Member of Live Oak Sponsor V, LLC
Issuer symbol
LOKV
Transactions as of
27 Feb 2025
Net transactions value
$0
Form type
3
Filing time
27 Feb 2025, 18:21:17 UTC

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 LOKV Class B Ordinary Shares 27 Feb 2025 Class A Ordinary Shares 5,750,000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the registration statement on Form S-1 (File No. 333-284207) of Live Oak Acquisition Corp. V (the "Issuer") under the heading "Description of Securities--Founder Shares," the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
F2 These shares represent the Class B ordinary shares held by Live Oak Sponsor V, LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. The Class B ordinary shares include up to 750,000 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Issuer's registration statement.
F3 Richard J. Hendrix, Chairman and the Chief Executive Officer of the Issuer, is the managing member of the Sponsor and holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, Mr. Hendrix may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Hendrix disclaims any beneficial ownership except to the extent of his pecuniary interest therein.