Michael Cairns - Dec 16, 2024 Form 4 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
Dec 16, 2024
Transactions value $
-$4,677
Form type
4
Date filed
12/18/2024, 05:00 PM
Previous filing
Dec 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise +235 +3.59% 6.78K Dec 16, 2024 Direct F1
transaction LOB Voting Common Stock Tax liability -$4.68K -105 -1.55% $44.54 6.68K Dec 16, 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 -235 -33.29% $0.00 471 Dec 16, 2024 Voting Common Stock 235 Direct F1, F2
holding LOB Restricted Stock Units 390 Dec 16, 2024 Voting Common Stock 390 Direct F1, F3
holding LOB Restricted Stock Units 290 Dec 16, 2024 Voting Common Stock 290 Direct F1, F4
holding LOB Restricted Stock Units 2.83K Dec 16, 2024 Voting Common Stock 2.83K Direct F1, F5
holding LOB Restricted Stock Units 3.78K Dec 16, 2024 Voting Common Stock 3.78K Direct F1, F6
holding LOB Restricted Stock Units 12.1K Dec 16, 2024 Voting Common Stock 12.1K Direct F1, F7
* 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 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.
F3 The RSUs vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
F4 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.
F5 943 of the RSUs vested on December 9, 2024, and 943 of the RSUs will vest on each of December 8, 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 vested on December 9, 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.
F7 2,420 of the RSUs will vest on each of August 19, 2025, 2026, 2027, 2028, and 2029, subject to the reporting person's continuous service to the Company or a related entity on such date.