4//SEC Filing
Spencer Courtney 4
Accession 0001578563-24-000137
CIK 0001462120other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 5:18 PM ET
Size
16.4 KB
Accession
0001578563-24-000137
Insider Transaction Report
Form 4
Spencer Courtney
Chief Experience Officer
Transactions
- Exercise/Conversion
Voting Common Stock
2024-02-23+2,000→ 16,065 total - Exercise/Conversion
Restricted Stock Units
2024-02-23−2,000→ 4,000 total→ Voting Common Stock (2,000 underlying) - Tax Payment
Voting Common Stock
2024-02-23$39.30/sh−889$34,938→ 15,176 total
Holdings
- 152(indirect: By Spouse)
Voting Common Stock
- 2,003
Restricted Stock Units
→ Voting Common Stock (2,003 underlying) - 4,740
Restricted Stock Units
→ Voting Common Stock (4,740 underlying) - 11,380
Restricted Stock Units
→ Voting Common Stock (11,380 underlying) - 10,640
Restricted Stock Units
→ Voting Common Stock (10,640 underlying) - 14,000
Stock Option (right to buy)
Exercise: $13.59Exp: 2026-02-16→ Voting Common Stock (14,000 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- [F2]2,000 of the RSUs will vest on each of February 22, 2023, 2024, 2025, and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F3]2,002 of the RSUs vested on each of February 10, 2023 and 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.
- [F4]The RSUs vest in five equal annual installments beginning on February 14, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F5]The RSUs vest in five pro rata 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.
- [F6]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.
- [F7]The shares subject to this option vest and become exercisable yearly in seven installments beginning on February 16, 2017, as follows: 10% of the shares subject to the option vested on each of February 16, 2017, 2018, 2019, 2020, and 2021; 25% of the shares subject to the option vested on February 16, 2022; and 25% of the shares subject to he option vested on February 16, 2023.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0001937224
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 5:18 PM ET
- Size
- 16.4 KB