Gaebe Brian 4
4 · Live Oak Acquisition Corp. V · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Live Oak Acquisition Corp. V (TMS) CFO Brian Gaebe Receives Award
What Happened
Brian Gaebe, CFO of Live Oak Acquisition Corp. V (ticker: TMS), reported multiple acquisitions on 2026-06-18. The filing shows a direct award of 13,587 shares at $9.20 per share (total value reported as $125,000). In addition, Gaebe received three derivative awards totaling 225,507 shares (112,753; 22,551; and 90,203) that were reported with no per-share price (N/A) and arise from conversions and option awards tied to the company’s recent business combination.
Key Details
- Transaction date: June 18, 2026. Form 4 filed June 23, 2026 (filed later than the usual two-business-day deadline).
- Reported immediate cash value: 13,587 shares × $9.20 = $125,000. Other awards listed as derivatives with price N/A.
- Shares acquired: 13,587 (direct); derivatives totaling 225,507 (112,753; 22,551; 90,203).
- Shares owned after transaction: not specified in the provided filing summary.
- Footnotes:
- F1: Some securities were received as part of the issuer’s business combination (merger with Legacy Teamshares), converting Legacy Teamshares common stock and options into issuer shares/options.
- F2: One stock option is fully vested and exercisable.
- F3/F4: Other options vest 25% at an initial date (Aug 29, 2023 or Nov 1, 2024) and then monthly over 36 months.
Context
These entries are reported as awards/acquisitions (code A) and include both converted securities from the merger and stock-option-related instruments. The derivative entries reflect conversion of Legacy Teamshares equity and option grants with varied vesting schedules; one option is fully vested. The filing was submitted five days after the transactions, exceeding the typical two-business-day Form 4 reporting deadline.
Insider Transaction Report
- Award
Common Stock
2026-06-18$9.20/sh+13,587$125,000→ 13,587 total - Award
Stock Option
[F1][F2]2026-06-18+112,753→ 112,753 totalExercise: $0.76Exp: 2031-05-31→ Common Stock (112,753 underlying) - Award
Stock Option
[F1][F3]2026-06-18+22,551→ 22,551 totalExercise: $3.92Exp: 2032-08-29→ Common Stock (22,551 underlying) - Award
Stock Option
[F1][F4]2026-06-18+90,203→ 90,203 totalExercise: $7.69Exp: 2033-12-07→ Common Stock (90,203 underlying)
Footnotes (4)
- [F1]Represents securities received as part of the Issuer's business combination, in connection with an Agreement and Plan of Merger, dated as of November 14, 2025, as amended and supplemented from time to time (the "Merger Agreement"), by and among the Issuer (formerly known as Live Oak Acquisition Corp. V), Catalyst Sub Inc., Catalyst Sub 2 LLC, Live Oak Sponsor V, LLC, Teamshares Inc. ("Legacy Teamshares") and Brian Gaebe, as the representative of the Legacy Teamshare holders entitled to receive earnout shares, pursuant to which the common stock of Legacy Teamshares automatically converted into newly issued shares of Common Stock, pursuant to the terms of the Merger Agreement. In addition, each Legacy Teamshares stock option was automatically converted into the right to receive stock options of the Issuer, pursuant to the terms of the Merger Agreement.
- [F2]The stock option is fully vested and exercisable.
- [F3]The stock option vested as to 25% of the underlying shares on August 29, 2023 and will vest thereafter in 36 substantially equal monthly installments.
- [F4]The stock option vested as to 25% of the underlying shares on November 1, 2024 and will vest thereafter in 36 substantially equal monthly installments.