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

Role
Director
Signature
/s/ Jonathan A. Greene, by Power of Attorney
Stock symbol
LOB
Transactions as of
Feb 21, 2024
Transactions value $
$132,000
Form type
4
Date filed
2/23/2024, 04:34 PM
Previous filing
Jun 13, 2023
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise $132K +30K +17.52% $4.40* 201K Feb 21, 2024 By William H. Cameron Revocable Trust
holding LOB Voting Common Stock 3.28K Feb 21, 2024 Direct
holding LOB Voting Common Stock 470 Feb 21, 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 -30K -100% $0.00* 0 Feb 21, 2024 Voting Common Stock 30K $4.40 Direct F1
holding LOB Restricted Stock Units 3.63K Feb 21, 2024 Voting Common Stock 3.63K 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.