Yousef A. Valine - 13 Nov 2023 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role: Director
Signature: /s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol: LOB
Transactions as of: 13 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 14 Nov 2023, 16:34:01 UTC
Previous filing: 18 May 2023
Next filing: 03 May 2024
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		+1,503			1,503	13 Nov 2023	Direct	F1
holding	LOB	Voting Common Stock						1,500	13 Nov 2023	By Valine Revocable Living Trust

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	-1,503	-100%	$0.000000^*	0	13 Nov 2023	Voting Common Stock	1,503		Direct	F1, F2
holding	LOB	Restricted Stock Units						3,625	13 Nov 2023	Voting Common Stock	3,625		Direct	F1, F3

* 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. voting common stock.
F2	.The RSUs vested on November 13, 2023.
F3	The RSUs vest on May 1, 2024