Cairns Michael 4

4 · Live Oak Bancshares, Inc. · Filed Feb 25, 2025

Form 4

Period: 2025-02-24

Chief Credit Officer

Transactions

Exercise/Conversion
Voting Common Stock
2025-02-24+145→ 7,019 total
Exercise/Conversion
Restricted Stock Units
2025-02-24−145→ 145 total
→ Voting Common Stock (145 underlying)
Tax Payment
Voting Common Stock
2025-02-24$31.99/sh−73$2,335→ 6,946 total

Holdings

Restricted Stock Units
→ Voting Common Stock (471 underlying)
471
Restricted Stock Units
→ Voting Common Stock (6,413 underlying)
6,413
Restricted Stock Units
→ Voting Common Stock (2,829 underlying)
2,829
Restricted Stock Units
→ Voting Common Stock (12,100 underlying)
12,100
Restricted Stock Units
→ Voting Common Stock (3,784 underlying)
3,784

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]145 of the RSUs vested on February 24, 2025 and 145 of the RSUs will vest on February 22, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
[F3]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.
[F4]943 of the RSUs vested on December 9, 2024 and 943 of the RSUs will vest on each of December 8, 2024, 2025, 2026, and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
[F5]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.
[F6]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.
[F7]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.

Documents

1 file