| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LOB | Voting Common Stock | Options Exercise | +2,560 | +1.7% | 149,830 | 14 Feb 2024 | By Steven Joseph Smits Revocable Trust | F1 | ||
| transaction | LOB | Voting Common Stock | Tax liability | $43,639 | -1,132 | -0.76% | $38.55 | 148,698 | 14 Feb 2024 | By Steven Joseph Smits Revocable Trust | |
| transaction | LOB | Voting Common Stock | Options Exercise | +1,580 | +1.1% | 150,278 | 15 Feb 2024 | By Steven Joseph Smits Revocable Trust | F1 | ||
| transaction | LOB | Voting Common Stock | Tax liability | $27,486 | -701 | -0.47% | $39.21 | 149,577 | 15 Feb 2024 | By Steven Joseph Smits Revocable Trust |
| 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 | -2,560 | -20% | $0.000000 | 10,242 | 14 Feb 2024 | Voting Common Stock | 2,560 | Direct | F1, F2 | |
| transaction | LOB | Restricted Stock Units | Options Exercise | $0 | -1,580 | -25% | $0.000000 | 4,740 | 15 Feb 2024 | Voting Common Stock | 1,580 | Direct | F1, F3 | |
| holding | LOB | Restricted Stock Units | 3,000 | 14 Feb 2024 | Voting Common Stock | 3,000 | Direct | F1, F4 | ||||||
| holding | LOB | Restricted Stock Units | 3,004 | 14 Feb 2024 | Voting Common Stock | 3,004 | Direct | F1, F5 | ||||||
| holding | LOB | Restricted Stock Units | 13,144 | 14 Feb 2024 | Voting Common Stock | 13,144 | Direct | F1, F6 | ||||||
| holding | LOB | Employee Stock Option (right to buy) | 5,001 | 14 Feb 2024 | Voting Common Stock | 5,001 | $10.63 | Direct | F7 | |||||
| holding | LOB | Employee Stock Option (right to buy) | 7,502 | 14 Feb 2024 | Voting Common Stock | 7,502 | $17.00 | Direct | F8 |
| 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 13, 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 equal 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. |
| F4 | The RSUs vest in five equal 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 | 3,003 of the RSUs vested on each of February 10, 2022 and 2023, and February 12, 2024; and 3,004 of the RSUs will vest on February 10, 2025, 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 February 12, 2025, 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 vest and become exercisable yearly in seven installments beginning on February 20, 2016, as follows: 10% of the shares subject to the option vested on each of February 20, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on February 20, 2021; and 25% of the shares subject to the option vested on February 20, 2022. |
| F8 | The shares subject to this option vest and become exercisable yearly in seven installments beginning on July 22, 2016, as follows: 10% of the shares subject to the option vested on each of July 22, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on July 22, 2021; and 25% of the shares subject to the option vested on July 22, 2022. |