Stephanie Mann - 14 Feb 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Strategy Officer
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol
LOB
Transactions as of
14 Feb 2025
Net transactions value
-$138,520
Form type
4
Filing time
18 Feb 2025, 20:37:56 UTC
Previous filing
14 Feb 2025
Next filing
25 Feb 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 +11,949 +38% 43,184 14 Feb 2025 Direct F1
transaction LOB Voting Common Stock Tax liability $122,709 -3,514 -8.1% $34.92 39,670 14 Feb 2025 Direct
transaction LOB Voting Common Stock Options Exercise +1,580 +4% 41,250 14 Feb 2025 Direct F1
transaction LOB Voting Common Stock Tax liability $15,811 -466 -1.1% $33.93 40,784 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 -11,949 -25% $0.000000 35,846 14 Feb 2025 Voting Common Stock 11,949 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 4,000 14 Feb 2025 Voting Common Stock 4,000 Direct F1, F4
holding LOB Restricted Stock Units 7,839 14 Feb 2025 Voting Common Stock 7,839 Direct F1, F5
holding LOB Restricted Stock Units 5,562 14 Feb 2025 Voting Common Stock 5,562 Direct F1, F6
holding LOB Restricted Stock Units 9,013 14 Feb 2025 Voting Common Stock 9,013 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 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 2,000 of the RSUs will vest on each of February 22, 2023, 2024, 2025, and 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 10, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F6 1,112 of the RSUs vested on each of February 10, 2023 and 2025; 1,113 of the RSUs vested on February 10, 2024; 2,780 of the RSUs will vest on February 10, 2026; and 2,782 of the RSUs will vest on February 10, 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
F7 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.