Walter J. Phifer - Feb 12, 2024 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Financial Officer
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Stock symbol
LOB
Transactions as of
Feb 12, 2024
Transactions value $
-$3,874
Form type
4
Date filed
2/14/2024, 08:03 PM
Previous filing
Jan 11, 2024
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise +195 +5.62% 3.67K Feb 12, 2024 Direct F1
transaction LOB Voting Common Stock Tax liability -$3.87K -97 -2.65% $39.94 3.57K Feb 12, 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 Options Exercise $0 -195 -50% $0.00 195 Feb 12, 2024 Voting Common Stock 195 Direct F1, F2
transaction LOB Restricted Stock Units Award $0 +10K $0.00 10K Feb 12, 2024 Voting Common Stock 10K Direct F1, F3
holding LOB Restricted Stock Units 206 Feb 12, 2024 Voting Common Stock 206 Direct F1, F4
holding LOB Restricted Stock Units 706 Feb 12, 2024 Voting Common Stock 706 Direct F1, F5
holding LOB Restricted Stock Units 6.29K Feb 12, 2024 Voting Common Stock 6.29K Direct F1, F6
holding LOB Employee Stock Option (right to buy) 6.16K Feb 12, 2024 Voting Common Stock 6.16K $13.59 Direct F7
* 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 pro rata annual installments beginning on February 10, 2021, subject to the reporting person's continuous service to the Company or a related entity on such date.
F3 The RSUs vest in five equal 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 pro rata annual installments beginning on February 22, 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 December 15, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
F6 The RSUs vest in five pro rata annual installments beginning on December 9, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
F7 The shares subject to this option vested and became exercisable yearly in seven installments beginning on February 16, 2017, as follows: 10% of the shares subject to the option vested on each of February 16, 2017, 2018, 2019, 2020, and 2021; 25% of the shares subject to the option vested on each of February 16, 2022 and 2023.