Renato Derraik - 14 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: 14 Feb 2025
Net transactions value: -$301,991
Form type: 4
Filing time: 18 Feb 2025, 20:35:24 UTC
Previous filing: 14 Feb 2025
Next filing: 13 Aug 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOB	Voting Common Stock	Options Exercise		+17,923	+45%		57,623	14 Feb 2025	Direct	F1
transaction	LOB	Voting Common Stock	Tax liability	$278,138	-7,965	-14%	$34.92	49,658	14 Feb 2025	Direct
transaction	LOB	Voting Common Stock	Options Exercise		+1,580	+3.2%		51,238	14 Feb 2025	Direct	F1
transaction	LOB	Voting Common Stock	Tax liability	$23,853	-703	-1.4%	$33.93	50,535	14 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	Options Exercise	$0	-17,923	-25%	$0.000000	53,769	14 Feb 2025	Voting Common Stock	17,923		Direct	F1, F2
transaction	LOB	Restricted Stock Units	Options Exercise	$0	-1,580	-33%	$0.000000	3,160	14 Feb 2025	Voting Common Stock	1,580		Direct	F1, F3
holding	LOB	Restricted Stock Units						15,678	14 Feb 2025	Voting Common Stock	15,678		Direct	F1, F4
holding	LOB	Restricted Stock Units						17,025	14 Feb 2025	Voting Common Stock	17,025		Direct	F1, F5
holding	LOB	Restricted Stock Units						50,000	14 Feb 2025	Voting Common Stock	50,000		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 February 13, 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 February 14, 2023, 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 10, 2026, 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 12, 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 August 10, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.