Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOB | Voting Common Stock | Sale | -$617K | -12.6K | -47.32% | $49.00 | 14K | Nov 13, 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 | 461 | Nov 13, 2024 | Voting Common Stock | 461 | Direct | F2, F3 | ||||||
holding | LOB | Restricted Stock Units | 356 | Nov 13, 2024 | Voting Common Stock | 356 | Direct | F2, F4 | ||||||
holding | LOB | Restricted Stock Units | 948 | Nov 13, 2024 | Voting Common Stock | 948 | Direct | F2, F5 | ||||||
holding | LOB | Restricted Stock Units | 2.85K | Nov 13, 2024 | Voting Common Stock | 2.85K | Direct | F2, F6 | ||||||
holding | LOB | Restricted Stock Units | 4.38K | Nov 13, 2024 | Voting Common Stock | 4.38K | Direct | F2, F7 | ||||||
holding | LOB | Employee Stock Option (right to buy) | 3K | Nov 13, 2024 | Voting Common Stock | 3K | $17.00 | Direct | F8 |
Id | Content |
---|---|
F1 | This transaction was executed in multiple trades at prices ranging from $49.00 to $49.03. 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 | 460 of the RSUs vested on each of February 10, 2022 and February 12, 2024; and 461 of the RSUs will vest on February 10, 2023 and 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 22, 2022, 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 14, 2023, 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 13, 2024, 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 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. |