SUTHERLAND JOHN W. 4
4 · Live Oak Bancshares, Inc. · Filed Jun 30, 2025
Insider Transaction Report
Form 4
SUTHERLAND JOHN W.
Chief Accounting Officer
Transactions
- Exercise/Conversion
Voting Common Stock
2025-06-27$17.00/sh+3,000$51,000→ 15,290 total - Exercise/Conversion
Employee Stock Option (right to buy)
2025-06-27−3,000→ 0 totalExercise: $17.00Exp: 2025-07-22→ Voting Common Stock (3,000 underlying)
Holdings
- 632
Restricted Stock Units
→ Voting Common Stock (632 underlying) - 3,505
Restricted Stock Units
→ Voting Common Stock (3,505 underlying) - 2,850
Restricted Stock Units
→ Voting Common Stock (2,850 underlying) - 2,134
Restricted Stock Units
→ Voting Common Stock (2,134 underlying) - 178
Restricted Stock Units
→ Voting Common Stock (178 underlying)
Footnotes (7)
- [F1]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.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- [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 equal pro rata 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 installments beginning on February 12, 2025, 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.