| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LOB | Voting Common Stock | Sale | -$384K | -9.46K | -16.56% | $40.58 | 47.6K | Mar 7, 2024 | Direct | F1 |
| transaction | LOB | Voting Common Stock | Sale | -$43.1K | -1.04K | -2.18% | $41.37 | 46.6K | Mar 7, 2024 | Direct | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | LOB | Restricted Stock Units | 461 | Mar 7, 2024 | Voting Common Stock | 461 | Direct | F3, F4 | ||||||
| holding | LOB | Restricted Stock Units | 356 | Mar 7, 2024 | Voting Common Stock | 356 | Direct | F3, F5 | ||||||
| holding | LOB | Restricted Stock Units | 948 | Mar 7, 2024 | Voting Common Stock | 948 | Direct | F3, F6 | ||||||
| holding | LOB | Restricted Stock Units | 2.85K | Mar 7, 2024 | Voting Common Stock | 2.85K | Direct | F3, F7 | ||||||
| holding | LOB | Restricted Stock Units | 4.38K | Mar 7, 2024 | Voting Common Stock | 4.38K | Direct | F3, F8 | ||||||
| holding | LOB | Employee Stock Option (right to buy) | 3K | Mar 7, 2024 | Voting Common Stock | 3K | $17.00 | Direct | F9 |
| Id | Content |
|---|---|
| F1 | This transaction was executed in multiple trades at prices ranging from $40.25 to $41.19. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected. |
| F2 | This transaction was executed in multiple trades at prices ranging from $41.255 to $41.69. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected. |
| F3 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. |
| F4 | 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. |
| F5 | 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. |
| F6 | 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. |
| F7 | 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. |
| F8 | 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. |
| F9 | 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. |