Glen F. Hoffsis - Jan 30, 2024 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Director
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Stock symbol
LOB
Transactions as of
Jan 30, 2024
Transactions value $
$66,000
Form type
4
Date filed
2/1/2024, 05:41 PM
Previous filing
May 18, 2023
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise $66K +15K +13.2% $4.40* 129K Jan 30, 2024 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 Stock Option (right to buy) Options Exercise $0 -15K -100% $0.00* 0 Jan 30, 2024 Voting Common Stock 15K $4.40 Direct F1
holding LOB Restricted Stock Units 3.63K Jan 30, 2024 Voting Common Stock 3.63K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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.