4//SEC Filing
Cairns Michael 4
Accession 0001578563-25-000039
CIK 0001462120other
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 6:39 PM ET
Size
17.6 KB
Accession
0001578563-25-000039
Insider Transaction Report
Form 4
Cairns Michael
Chief Credit Officer
Transactions
- Exercise/Conversion
Voting Common Stock
2025-02-10+390→ 7,068 total - Tax Payment
Voting Common Stock
2025-02-10$35.08/sh−194$6,806→ 6,874 total - Award
Restricted Stock Units
2025-02-10+6,413→ 6,413 total→ Voting Common Stock (6,413 underlying) - Exercise/Conversion
Restricted Stock Units
2025-02-10−390→ 0 total→ Voting Common Stock (390 underlying)
Holdings
- 290
Restricted Stock Units
→ Voting Common Stock (290 underlying) - 471
Restricted Stock Units
→ Voting Common Stock (471 underlying) - 3,784
Restricted Stock Units
→ Voting Common Stock (3,784 underlying) - 2,829
Restricted Stock Units
→ Voting Common Stock (2,829 underlying) - 12,100
Restricted Stock Units
→ Voting Common Stock (12,100 underlying)
Footnotes (8)
- [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]The RSUs vest in five pro rata annual installments beginning on February 10, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F3]The RSUs vested on February 10, 2025.
- [F4]145 of the RSUs will vest on each of February 22, 2025 and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F5]235 of the RSUs will vest on each of December 15, 2024 and 2025, and 236 of the RSUs will vest on December 15, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F6]943 of the RSUs vested on December 9, 2024, and 943 of the RSUs will vest on each of December 8, 2025, 2026, and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F7]945 of the RSUs vested on December 9, 2024, and 946 of the RSUs will vest on each of December 8, 2025, 2026, 2027, and 2028, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F8]2,420 of the RSUs will vest on each of August 19, 2025, 2026, 2027, 2028, and 2029, subject to the reporting person's continuous service to the Company or a related entity on such date.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0002030240
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 6:39 PM ET
- Size
- 17.6 KB