Hoffsis Glen F. 4
4 · Live Oak Bancshares, Inc. · Filed Feb 1, 2024
Insider Transaction Report
Form 4
Hoffsis Glen F.
Director
Transactions
- Exercise/Conversion
Voting Common Stock
2024-01-30$4.40/sh+15,000$66,000→ 128,621 total - Exercise/Conversion
Stock Option (right to buy)
2024-01-30−15,000→ 0 totalExercise: $4.40Exp: 2024-03-26→ Voting Common Stock (15,000 underlying)
Holdings
- 3,625
Restricted Stock Units
→ Voting Common Stock (3,625 underlying)
Footnotes (3)
- [F1]The shares subject to this option vested and became exercisable yearly in seven installments beginning on March 26, 2015, as follows: 10% of the shares subject to the option vested on each of March 26, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vested on each of March 26, 2020 and 2021.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
- [F3]The restricted stock units vest on May 1, 2024.