4//SEC Filing
Davis Micah S 4
Accession 0001578563-24-000164
CIK 0001462120other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 5:04 PM ET
Size
13.9 KB
Accession
0001578563-24-000164
Insider Transaction Report
Form 4
Davis Micah S
Chief Marketing & Comm Officer
Transactions
- Sale
Voting Common Stock
2024-03-11$39.87/sh−8,613$343,421→ 43,864 total
Holdings
- 9,104
Restricted Stock Units
→ Voting Common Stock (9,104 underlying) - 2,003
Restricted Stock Units
→ Voting Common Stock (2,003 underlying) - 2,000
Restricted Stock Units
→ Voting Common Stock (2,000 underlying) - 6,498
Employee Stock Option (right to buy)
Exercise: $17.00Exp: 2025-07-22→ Voting Common Stock (6,498 underlying) - 2,844
Restricted Stock Units
→ Voting Common Stock (2,844 underlying) - 8,763
Restricted Stock Units
→ Voting Common Stock (8,763 underlying)
Footnotes (8)
- [F1]This transaction was executed in multiple trades at prices ranging from $39.84 to $40.045. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- [F3]2,002 of the RSUs vested on 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 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F5]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.
- [F6]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.
- [F7]The RSUs vest in five pro rata 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.
- [F8]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.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0001977288
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 5:04 PM ET
- Size
- 13.9 KB