4//SEC Filing
Cairns Michael 4
Accession 0002030240-25-000005
CIK 0001462120other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 6:04 PM ET
Size
15.6 KB
Accession
0002030240-25-000005
Insider Transaction Report
Form 4
Cairns Michael
Chief Credit Officer
Transactions
- Exercise/Conversion
Voting Common Stock
2025-12-15+235→ 9,573 total - Tax Payment
Voting Common Stock
2025-12-15$35.31/sh−105$3,708→ 9,468 total - Exercise/Conversion
Restricted Stock Units
2025-12-15−235→ 236 total→ Voting Common Stock (235 underlying)
Holdings
- 1,886
Restricted Stock Units
→ Voting Common Stock (1,886 underlying) - 2,838
Restricted Stock Units
→ Voting Common Stock (2,838 underlying) - 145
Restricted Stock Units
→ Voting Common Stock (145 underlying) - 9,680
Restricted Stock Units
→ Voting Common Stock (9,680 underlying) - 6,413
Restricted Stock Units
→ Voting Common Stock (6,413 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]235 of the RSUs vested 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
- [F3]943 of the RSUs vested on December 9, 2024 and 2025, and 943 of the RSUs will vest on each of December 9, 2026 and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F4]945 of the RSUs vested on December 9, 2024, 946 of the RSUs vested on December 8, 2025, and 946 of the RSUs will vest on each of December 8, 2026, 2027, and 2028, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F5]145 of the RSUs vested on February 22, 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.
- [F6]2,420 of the RSUs vested on August 19, 2025 and 2,420 of the RSUs will vest on each of August 19, 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
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0002030240
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 6:04 PM ET
- Size
- 15.6 KB