Renato Derraik - Nov 9, 2023 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
Stock symbol
LOB
Transactions as of
Nov 9, 2023
Transactions value $
-$591,258
Form type
4
Date filed
11/13/2023, 05:31 PM
Previous filing
Aug 14, 2023
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Sale -$591K -20K -60.74% $29.56 12.9K Nov 9, 2023 Direct F1

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
holding LOB Restricted Stock Units 75K Nov 9, 2023 Voting Common Stock 75K Direct F2, F3
holding LOB Restricted Stock Units 6.32K Nov 9, 2023 Voting Common Stock 6.32K Direct F2, F4
holding LOB Restricted Stock Units 89.6K Nov 9, 2023 Voting Common Stock 89.6K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $29.43 to $29.73. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
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 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.