Gregory W. Seward - 24 Feb 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
General Counsel
Signature
/s/ Jonathan A. Greene, by Power of Attorney
Issuer symbol
LOB
Transactions as of
24 Feb 2025
Net transactions value
-$14,236
Form type
4
Filing time
25 Feb 2025, 17:52:24 UTC
Previous filing
18 Feb 2025
Next filing
20 Nov 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 +1,000 +1% 97,322 24 Feb 2025 Direct F1
transaction LOB Voting Common Stock Tax liability $14,236 -445 -0.46% $31.99 96,877 24 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 -1,000 -50% $0.000000 1,000 24 Feb 2025 Voting Common Stock 1,000 Direct F1, F2
holding LOB Restricted Stock Units 4,740 24 Feb 2025 Voting Common Stock 4,740 Direct F1, F3
holding LOB Restricted Stock Units 35,846 24 Feb 2025 Voting Common Stock 35,846 Direct F1, F4
holding LOB Restricted Stock Units 11,016 24 Feb 2025 Voting Common Stock 11,016 Direct F1, F5
holding LOB Restricted Stock Units 9,264 24 Feb 2025 Voting Common Stock 9,264 Direct F1, F6
holding LOB Employee Stock Option (right to buy) 13,500 24 Feb 2025 Voting Common Stock 13,500 $14.55 Direct 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 22, 2022, 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 13, 2024, 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 February 10, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F7 The shares subject to this option vested and became exercisable yearly in seven installments beginning on November 19, 2016, as follows: 10% of the shares subject to the option vested on each of November 19, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on each of November 19, 2021 and November 19, 2022.