Key facts
- This page summarizes Micah S. Davis's Form 4 filing for Live Oak Bancshares, Inc. (LOB).
- 3 reported transactions and 6 derivative rows are listed below.
- Accepted by SEC: 25 Feb 2025, 17:51.
Micah S. Davis - 24 Feb 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)
- Reporting relationship
- Chief Marketing & Comm Officer
- Issuer ticker
- LOB
- Reported as of
- 24 Feb 2025
- Net transaction value
- -$14,236
- SEC form
- 4
- Accepted by SEC
- 25 Feb 2025, 17:51:11 UTC
- Prior SEC filing
- 18 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.
4 source fields
Reporting owner
1 detail
Key filing fact
Micah S. Davis filed Form 4 for Live Oak Bancshares, Inc. (LOB) on 25 Feb 2025.
Change
- Previous filing in this sequence was filed on 18 Feb 2025.
- Current net transaction value: -$14,236.
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
Options Exercise
- Transaction value
- Shares
- +1,000
- Change %
- +2.1%
- Price
- Shares after
- 48,560
- Date
- 24 Feb 2025
- Ownership
- Direct
- Footnotes
- F1
LOB
transaction
Voting Common Stock
Tax liability
- Transaction value
- $14,236
- Shares
- -445
- Change %
- -0.92%
- Price
- $31.99
- Shares after
- 48,115
- Date
- 24 Feb 2025
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LOB
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -1,000
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 1,000
- Date
- 24 Feb 2025
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 1,000
- Exercise price
- Footnotes
- F1, F2
LOB
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,896
- Date
- 24 Feb 2025
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 1,896
- Exercise price
- Footnotes
- F1, F3
LOB
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 6,828
- Date
- 24 Feb 2025
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 6,828
- Exercise price
- Footnotes
- F1, F4
LOB
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 7,011
- Date
- 24 Feb 2025
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 7,011
- Exercise price
- Footnotes
- F1, F5
LOB
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 4,275
- Date
- 24 Feb 2025
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 4,275
- Exercise price
- Footnotes
- F1, F6
LOB
holding
Derivative
Employee Stock Option (right to buy)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 6,498
- Date
- 24 Feb 2025
- Ownership
- Direct
- Underlying class
- Voting Common Stock
- Underlying amount
- 6,498
- Exercise price
- $17.00
- Footnotes
- F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
Footnote F2
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 F3
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 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
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.
Footnote 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.
Footnote F7
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.