Seward Gregory W 4
4 · Live Oak Bancshares, Inc. · Filed Nov 20, 2025
Insider Transaction Report
Form 4
Seward Gregory W
General Counsel
Transactions
- Exercise/Conversion
Voting Common Stock
2025-11-18$14.55/sh+12,000$174,600→ 108,877 total - Tax Payment
Voting Common Stock
2025-11-18$30.04/sh−3,051$91,652→ 105,826 total - Exercise/Conversion
Voting Common Stock
2025-11-19$14.55/sh+1,500$21,825→ 107,326 total - Exercise/Conversion
Employee Stock Option (right to buy)
2025-11-18−12,000→ 1,500 totalExercise: $14.55Exp: 2025-11-19→ Voting Common Stock (12,000 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2025-11-19−1,500→ 0 totalExercise: $14.55Exp: 2025-11-19→ Voting Common Stock (1,500 underlying) - Sale
Voting Common Stock
2025-11-19$30.20/sh−1,200$36,242→ 106,126 total
Holdings
- 11,016
Restricted Stock Units
→ Voting Common Stock (11,016 underlying) - 1,000
Restricted Stock Units
→ Voting Common Stock (1,000 underlying) - 9,264
Restricted Stock Units
→ Voting Common Stock (9,264 underlying) - 4,740
Restricted Stock Units
→ Voting Common Stock (4,740 underlying) - 35,846
Restricted Stock Units
→ Voting Common Stock (35,846 underlying)
Footnotes (8)
- [F1]This transaction was executed in multiple trades at prices ranging from $30.16 to $30.247. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
- [F2]The shares subject to this option vested and became exercisable yearly in seven installments beginning on November 19, 2016, as follows: 10% of the shares subject to the option vested on each of November 19, 2016, 2017, 2018, 2019, and 2020; and 25% of the shares subject to the option vested on each of November 19, 2021 and 2022.
- [F3]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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.