Key facts
- This page summarizes Micah S. Davis's Form 4 filing for Live Oak Bancshares, Inc. (LOB).
- 1 reported transaction and 6 derivative rows are listed below.
- Accepted by SEC: 13 Mar 2024, 17:04.
Micah S. Davis - 11 Mar 2024 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)
- Reporting relationship
- Chief Marketing & Comm Officer
- Issuer ticker
- LOB
- Reported as of
- 11 Mar 2024
- Net transaction value
- -$343,421
- SEC form
- 4
- Accepted by SEC
- 13 Mar 2024, 17:04:32 UTC
- Prior SEC filing
- 26 Feb 2024
- Next SEC filing
- 12 Feb 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jonathan A. Greene, By Power of Attorney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Micah S. Davis filed Form 4 for Live Oak Bancshares, Inc. (LOB) on 13 Mar 2024.
Change
- Previous filing in this sequence was filed on 26 Feb 2024.
- Current net transaction value: -$343,421.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LOB
transaction
Voting Common Stock
Sale
- Transaction value
- $343,421
- Shares
- -8,613
- Change %
- -16%
- Price
- $39.87
- Shares after
- 43,864
- Date
- 11 Mar 2024
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LOB
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,003
- Date
- 11 Mar 2024
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 2,003
- Exercise price
- Footnotes
- F2, F3
LOB
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 9,104
- Date
- 11 Mar 2024
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 9,104
- Exercise price
- Footnotes
- F2, F4
LOB
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,844
- Date
- 11 Mar 2024
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 2,844
- Exercise price
- Footnotes
- F2, F5
LOB
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,000
- Date
- 11 Mar 2024
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 2,000
- Exercise price
- Footnotes
- F2, F6
LOB
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 8,763
- Date
- 11 Mar 2024
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 8,763
- Exercise price
- Footnotes
- F2, F7
LOB
holding
Derivative
Employee Stock Option (right to buy)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 6,498
- Date
- 11 Mar 2024
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 6,498
- Exercise price
- $17.00
- Footnotes
- F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 8 footnotes
Footnote F1
This transaction was executed in multiple trades at prices ranging from $39.84 to $40.045. 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.
Footnote F2
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
Footnote F3
2,002 of the RSUs vested on February 12, 2024 and 2,003 of the RSUs will vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
Footnote 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.
Footnote F5
948 of the RSUs will vest on each of February 14, 2024, 2025, 2026 and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
Footnote F6
1,000 of the RSUs will vest on each of February 22, 2024, 2025 and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
Footnote F7
The RSUs vest in five pro rata 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.
Footnote F8
The shares subject to this option vested and became exercisable yearly in seven installments beginning on July 22, 2016, as follows: 10% of the shares subject to the option vested on each of July 22, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on July 22, 2021; and 25% of the shares subject to the option vested on July 22, 2022.