Renato Derraik - 10 Feb 2025 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: 10 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 12 Feb 2025, 18:45:52 UTC
Previous filing: 14 Aug 2024
Next filing: 14 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LOB	Voting Common Stock						37,444	10 Feb 2025	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	Award	$0	+15,678		$0.000000	15,678	10 Feb 2025	Voting Common Stock	15,678		Direct	F1, F2
holding	LOB	Restricted Stock Units						50,000	10 Feb 2025	Voting Common Stock	50,000		Direct	F1, F3
holding	LOB	Restricted Stock Units						4,740	10 Feb 2025	Voting Common Stock	4,740		Direct	F1, F4
holding	LOB	Restricted Stock Units						71,692	10 Feb 2025	Voting Common Stock	71,692		Direct	F1, F5
holding	LOB	Restricted Stock Units						21,281	10 Feb 2025	Voting Common Stock	21,281		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 pro rata annual installments beginning on February 10, 2026, 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 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.
F6	The RSUs vest in five pro rata 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.