Gaebe Brian 4

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.