4//SEC Filing
Seward Gregory W 4
Accession 0001578563-25-000066
CIK 0001462120other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 5:06 PM ET
Size
15.6 KB
Accession
0001578563-25-000066
Insider Transaction Report
Form 4
Seward Gregory W
General Counsel
Transactions
- Tax Payment
Voting Common Stock
2025-02-12$34.80/sh−1,274$44,335→ 88,368 total - Exercise/Conversion
Voting Common Stock
2025-02-12+2,754→ 89,642 total - Exercise/Conversion
Restricted Stock Units
2025-02-12−2,754→ 11,016 total→ Voting Common Stock (2,754 underlying)
Holdings
- 9,264
Restricted Stock Units
→ Voting Common Stock (9,264 underlying) - 13,500
Employee Stock Option (right to buy)
Exercise: $14.55Exp: 2025-11-19→ Voting Common Stock (13,500 underlying) - 7,110
Restricted Stock Units
→ Voting Common Stock (7,110 underlying) - 47,795
Restricted Stock Units
→ Voting Common Stock (47,795 underlying) - 2,000
Restricted Stock Units
→ Voting Common Stock (2,000 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]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]The RSUs vest in five equal annual installments beginning on February 22, 2022, 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 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 November 19, 2016, as follows: 10% of the shares subject to the option vested on each of November 19, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on each of November 19, 2021 and November 19, 2022.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0001656656
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 5:06 PM ET
- Size
- 15.6 KB