William C. Losch III - Aug 26, 2024 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Financial Officer
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Stock symbol
LOB
Transactions as of
Aug 26, 2024
Transactions value $
-$944,794
Form type
4
Date filed
8/28/2024, 05:20 PM
Previous filing
Aug 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise +50K +52.65% 145K Aug 26, 2024 Direct F1
transaction LOB Voting Common Stock Tax liability -$945K -22.2K -15.33% $42.52 123K Aug 26, 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 -50K -20% $0.00 200K Aug 26, 2024 Voting Common Stock 50K Direct F1, F2
holding LOB Restricted Stock Units 84K Aug 26, 2024 Voting Common Stock 84K Direct F1, F3
holding LOB Restricted Stock Units 3.79K Aug 26, 2024 Voting Common Stock 3.79K Direct F1, F4
holding LOB Restricted Stock Units 71.7K Aug 26, 2024 Voting Common Stock 71.7K Direct F1, F5
holding LOB Restricted Stock Units 55.1K Aug 26, 2024 Voting Common Stock 55.1K Direct F1, F6
* 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 25, 2024, 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 August 10, 2022, 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 14, 2023, 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 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
F6 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.