4//SEC Filing
Davis Micah S 4
Accession 0001578563-25-000061
CIK 0001462120other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 5:03 PM ET
Size
15.6 KB
Accession
0001578563-25-000061
Insider Transaction Report
Form 4
Davis Micah S
Chief Marketing & Comm Officer
Transactions
- Tax Payment
Voting Common Stock
2025-02-12$34.80/sh−856$29,789→ 45,766 total - Exercise/Conversion
Voting Common Stock
2025-02-12+1,752→ 46,622 total - Exercise/Conversion
Restricted Stock Units
2025-02-12−1,752→ 7,011 total→ Voting Common Stock (1,752 underlying)
Holdings
- 2,844
Restricted Stock Units
→ Voting Common Stock (2,844 underlying) - 6,498
Employee Stock Option (right to buy)
Exercise: $17.00Exp: 2025-07-22→ Voting Common Stock (6,498 underlying) - 4,275
Restricted Stock Units
→ Voting Common Stock (4,275 underlying) - 2,000
Restricted Stock Units
→ Voting Common Stock (2,000 underlying) - 9,104
Restricted Stock Units
→ Voting Common Stock (9,104 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]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]The RSUs vest in five equal 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.
- [F7]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
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 5:03 PM ET
- Size
- 15.6 KB