Davis Micah S 4

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

Form 4

Period: 2025-02-24

Chief Marketing & Comm Officer

Transactions

Exercise/Conversion
Restricted Stock Units
2025-02-24−1,000→ 1,000 total
→ Voting Common Stock (1,000 underlying)
Exercise/Conversion
Voting Common Stock
2025-02-24+1,000→ 48,560 total
Tax Payment
Voting Common Stock
2025-02-24$31.99/sh−445$14,236→ 48,115 total

Holdings

Restricted Stock Units
→ Voting Common Stock (6,828 underlying)
6,828
Restricted Stock Units
→ Voting Common Stock (7,011 underlying)
7,011
Employee Stock Option (right to buy)
Exercise: $17.00Exp: 2025-07-22→ Voting Common Stock (6,498 underlying)
6,498
Restricted Stock Units
→ Voting Common Stock (1,896 underlying)
1,896
Restricted Stock Units
→ Voting Common Stock (4,275 underlying)
4,275

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]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.
[F3]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.
[F4]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.
[F5]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.
[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

1 file