William C. Losch III - 12 Feb 2024 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role: Chief Financial Officer
Signature: /s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol: LOB
Transactions as of: 12 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 14 Feb 2024, 19:58:14 UTC
Previous filing: 14 Aug 2023
Next filing: 16 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LOB	Voting Common Stock						61,146	12 Feb 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	Restricted Stock Units	Award	$0	+250,000		$0.000000	250,000	12 Feb 2024	Voting Common Stock	250,000		Direct	F1, F2
transaction	LOB	Restricted Stock Units	Award	$0	+55,082		$0.000000	55,082	12 Feb 2024	Voting Common Stock	55,082		Direct	F1, F3
holding	LOB	Restricted Stock Units						126,000	12 Feb 2024	Voting Common Stock	42,000		Direct	F1, F4
holding	LOB	Restricted Stock Units						5,056	12 Feb 2024	Voting Common Stock	5,056		Direct	F1, F5
holding	LOB	Restricted Stock Units						89,615	12 Feb 2024	Voting Common Stock	89,615		Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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	The RSUs vest in five equal annual installments beginning on August 25, 2024, 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 annual installments beginning on February 12, 2025, 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 August 10, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
F5	The RSUs vest in five pro rata 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.
F6	The RSUs vest in five equal annual installments beginning on February 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.