4//SEC Filing
Spencer Courtney 4
Accession 0001578563-25-000067
CIK 0001462120other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 5:06 PM ET
Size
16.3 KB
Accession
0001578563-25-000067
Insider Transaction Report
Form 4
Spencer Courtney
Chief Experience Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-02-12−2,128→ 8,512 total→ Voting Common Stock (2,128 underlying) - Tax Payment
Voting Common Stock
2025-02-12$34.80/sh−1,019$35,461→ 17,291 total - Exercise/Conversion
Voting Common Stock
2025-02-12+2,128→ 18,310 total
Holdings
- 14,000
Stock Option (right to buy)
Exercise: $13.59Exp: 2026-02-16→ Voting Common Stock (14,000 underlying) - 4,740
Restricted Stock Units
→ Voting Common Stock (4,740 underlying) - 7,126
Restricted Stock Units
→ Voting Common Stock (7,126 underlying) - 152(indirect: By Spouse)
Voting Common Stock
- 11,380
Restricted Stock Units
→ Voting Common Stock (11,380 underlying) - 4,000
Restricted Stock Units
→ Voting Common Stock (4,000 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]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.
- [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 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 13, 7:00 PM ET
- Accepted
- Feb 14, 5:06 PM ET
- Size
- 16.3 KB