Michael Cairns - Aug 1, 2024 Form 3 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Credit Officer
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Stock symbol
LOB
Transactions as of
Aug 1, 2024
Transactions value $
$0
Form type
3
Date filed
8/9/2024, 04:47 PM
Next filing
Aug 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LOB Voting Common Stock 5.5K Aug 1, 2024 Direct

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
holding LOB Restricted Stock Units Aug 1, 2024 Voting Common Stock 390 Direct F1, F2
holding LOB Restricted Stock Units Aug 1, 2024 Voting Common Stock 290 Direct F2, F3
holding LOB Restricted Stock Units Aug 1, 2024 Voting Common Stock 706 Direct F2, F4
holding LOB Restricted Stock Units Aug 1, 2024 Voting Common Stock 3.77K Direct F2, F5
holding LOB Restricted Stock Units Aug 1, 2024 Voting Common Stock 4.73K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") will vest on February 10, 2025, subject to the reporting person's continuous service to Live Oak Bancshares, Inc. (the "Company") or a related entity on such date.
F2 Each RSU represents a contingent right to receive one share of the Company's voting common stock.
F3 145 of the RSUs will vest on each of February 22, 2025 and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F4 235 of the RSUs will vest on each of December 15, 2024 and 2025, and 236 of the RSUs will vest on December 15, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F5 943 of the RSUs will vest on each of December 9, 2024, 2025, 2026, and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
F6 945 of the RSUs will vest on December 8, 2024, and 946 of the RSUs will vest on each of December 8, 2025, 2026, 2027, and 2028, subject to the reporting person's continuous service to the Company or a related entity on such date.