Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOB | Voting Common Stock | Sale | -$343K | -8.61K | -16.41% | $39.87 | 43.9K | Mar 11, 2024 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | LOB | Restricted Stock Units | 2K | Mar 11, 2024 | Voting Common Stock | 2K | Direct | F2, F3 | ||||||
holding | LOB | Restricted Stock Units | 9.1K | Mar 11, 2024 | Voting Common Stock | 9.1K | Direct | F2, F4 | ||||||
holding | LOB | Restricted Stock Units | 2.84K | Mar 11, 2024 | Voting Common Stock | 2.84K | Direct | F2, F5 | ||||||
holding | LOB | Restricted Stock Units | 2K | Mar 11, 2024 | Voting Common Stock | 2K | Direct | F2, F6 | ||||||
holding | LOB | Restricted Stock Units | 8.76K | Mar 11, 2024 | Voting Common Stock | 8.76K | Direct | F2, F7 | ||||||
holding | LOB | Employee Stock Option (right to buy) | 6.5K | Mar 11, 2024 | Voting Common Stock | 6.5K | $17.00 | Direct | F8 |
Id | Content |
---|---|
F1 | This transaction was executed in multiple trades at prices ranging from $39.84 to $40.045. 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 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. |
F3 | 2,002 of the RSUs vested on February 12, 2024 and 2,003 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. |
F4 | The RSUs vest in five equal 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. |
F5 | 948 of the RSUs will vest on each of February 14, 2024, 2025, 2026 and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date. |
F6 | 1,000 of the RSUs will vest on each of February 22, 2024, 2025 and 2026, 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 vested and became 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. |