Renato Derraik - 12 Aug 2024 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Info./Digital Off., Bank
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol
LOB
Transactions as of
12 Aug 2024
Net transactions value
-$426,957
Form type
4
Filing time
14 Aug 2024, 17:14:30 UTC
Previous filing
16 Feb 2024
Next filing
12 Feb 2025
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 +25,000 +106% 48,554 12 Aug 2024 Direct F1
transaction LOB Voting Common Stock Tax liability $426,957 -11,110 -23% $38.43 37,444 12 Aug 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
transaction LOB Restricted Stock Units Options Exercise $0 -25,000 -33% $0.000000 50,000 12 Aug 2024 Voting Common Stock 25,000 Direct F1, F2
holding LOB Restricted Stock Units 4,740 12 Aug 2024 Voting Common Stock 4,740 Direct F1, F3
holding LOB Restricted Stock Units 71,692 12 Aug 2024 Voting Common Stock 71,692 Direct F1, F4
holding LOB Restricted Stock Units 21,281 12 Aug 2024 Voting Common Stock 21,281 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
F2 The RSUs vest in five equal annual installments beginning on August 10, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
F3 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.
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 The RSUs vest in five pro rata installments beginning on February 12, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.