4//SEC Filing
SUTHERLAND JOHN W. 4
Accession 0001578563-25-000090
CIK 0001462120other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 8:40 PM ET
Size
19.1 KB
Accession
0001578563-25-000090
Insider Transaction Report
Form 4
SUTHERLAND JOHN W.
Chief Accounting Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-02-14−316→ 632 total→ Voting Common Stock (316 underlying) - Exercise/Conversion
Voting Common Stock
2025-02-14+711→ 12,397 total - Tax Payment
Voting Common Stock
2025-02-14$34.92/sh−354$12,362→ 12,043 total - Exercise/Conversion
Voting Common Stock
2025-02-14+316→ 12,359 total - Tax Payment
Voting Common Stock
2025-02-14$33.93/sh−158$5,361→ 12,201 total - Exercise/Conversion
Restricted Stock Units
2025-02-14−711→ 2,134 total→ Voting Common Stock (711 underlying)
Holdings
- 3,505
Restricted Stock Units
→ Voting Common Stock (3,505 underlying) - 356
Restricted Stock Units
→ Voting Common Stock (356 underlying) - 3,000
Employee Stock Option (right to buy)
Exercise: $17.00Exp: 2025-07-22→ Voting Common Stock (3,000 underlying) - 2,850
Restricted Stock Units
→ Voting Common Stock (2,850 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 13, 2024, 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 14, 2023, 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 12, 2025, 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 22, 2022, 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 0001635154
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 8:40 PM ET
- Size
- 19.1 KB