| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LOB | Voting Common Stock | Sale | $216,394 | -4,645 | -4.8% | $46.59 | 92,237 | 07 Nov 2024 | Direct | F1 |
| transaction | LOB | Voting Common Stock | Sale | $253,775 | -5,355 | -5.8% | $47.39 | 86,882 | 07 Nov 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 | 2,000 | 07 Nov 2024 | Voting Common Stock | 2,000 | Direct | F3, F4 | ||||||
| holding | LOB | Restricted Stock Units | 2,003 | 07 Nov 2024 | Voting Common Stock | 2,003 | Direct | F3, F5 | ||||||
| holding | LOB | Restricted Stock Units | 7,110 | 07 Nov 2024 | Voting Common Stock | 7,110 | Direct | F3, F6 | ||||||
| holding | LOB | Restricted Stock Units | 47,795 | 07 Nov 2024 | Voting Common Stock | 47,795 | Direct | F3, F7 | ||||||
| holding | LOB | Restricted Stock Units | 13,770 | 07 Nov 2024 | Voting Common Stock | 13,770 | Direct | F3, F8 | ||||||
| holding | LOB | Employee Stock Option (right to buy) | 13,500 | 07 Nov 2024 | Voting Common Stock | 13,500 | $14.55 | Direct | F9 |
| Id | Content |
|---|---|
| F1 | This transaction was executed in multiple trades at prices ranging from $46.29 to $47.14. 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 trades were effected. |
| F2 | This transaction was executed in multiple trades at prices ranging from $47.31 to $47.40. 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 trades 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 | 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. |
| F5 | 2,002 of the RSUs vested on each of February 10, 2022 and 2023, and 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. |
| 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 equal 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 vested and became exercisable yearly in seven installments beginning on November 19, 2016, as follows: 10% of the shares subject to the option vested on each of November 19, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on each of November 19, 2021 and November 19, 2022. |