| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LOB | Voting Common Stock | Options Exercise | +711 | +1.3% | 57,211 | 14 Feb 2024 | Direct | F1 | ||
| transaction | LOB | Voting Common Stock | Tax liability | $13,647 | -354 | -0.62% | $38.55 | 56,857 | 14 Feb 2024 | Direct | |
| transaction | LOB | Voting Common Stock | Options Exercise | +316 | +0.56% | 57,173 | 15 Feb 2024 | Direct | F1 | ||
| transaction | LOB | Voting Common Stock | Tax liability | $6,195 | -158 | -0.28% | $39.21 | 57,015 | 15 Feb 2024 | Direct |
| 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 | -711 | -20% | $0.000000 | 2,845 | 14 Feb 2024 | Voting Common Stock | 711 | Direct | F1, F2, F3 | |
| transaction | LOB | Restricted Stock Units | Options Exercise | $0 | -316 | -25% | $0.000000 | 948 | 15 Feb 2024 | Voting Common Stock | 316 | Direct | F1, F4 | |
| holding | LOB | Restricted Stock Units | 461 | 14 Feb 2024 | Voting Common Stock | 461 | Direct | F1, F5 | ||||||
| holding | LOB | Restricted Stock Units | 533 | 14 Feb 2024 | Voting Common Stock | 533 | Direct | F1, F6 | ||||||
| holding | LOB | Restricted Stock Units | 4,381 | 14 Feb 2024 | Voting Common Stock | 4,381 | Direct | F1, F7 | ||||||
| holding | LOB | Employee Stock Option (right to buy) | 3,000 | 14 Feb 2024 | Voting Common Stock | 3,000 | $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 | In the Form 4 filed by the reporting person on February 14, 2023 (the "2023 Form 4"), the aggregate holdings reported in Columns 7 and 10 were inadvertently misstated. The 3,356 shares of RSUs listed in the 2023 Form 4 and subsequent filings should have been reported as 3,556. The aggregate number of RSUs held after the current transaction are correctly listed in this current Form 4. |
| F4 | 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. |
| F5 | 460 of the RSUs vested on each of February 10, 2022 and February 12, 2024; and 461 of the RSUs will vest on February 10, 2023 and 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 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. |
| F7 | 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. |
| 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. |