William Henderson Cameron - 21 Feb 2024 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Director
Signature
/s/ Jonathan A. Greene, by Power of Attorney
Issuer symbol
LOB
Transactions as of
21 Feb 2024
Net transactions value
+$132,000
Form type
4
Filing time
23 Feb 2024, 16:34:06 UTC
Previous filing
13 Jun 2023
Next filing
03 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise $132,000 +30,000 +18% $4.40* 201,217 21 Feb 2024 By William H. Cameron Revocable Trust
holding LOB Voting Common Stock 3,279 21 Feb 2024 Direct
holding LOB Voting Common Stock 470 21 Feb 2024 By GST-Exempt Trust

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 -30,000 -100% $0.000000* 0 21 Feb 2024 Voting Common Stock 30,000 $4.40 Direct F1
holding LOB Restricted Stock Units 3,625 21 Feb 2024 Voting Common Stock 3,625 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.