Form 4 for LOB Live Oak Bancshares, Inc.
Accepted 2024-02-14 00:00:00 ET · period of report 2024-02-12 · accession 0001578563-24-000074 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2024-02-14 | 2024-02-12 | LOB | Smits Steve | Chief Credit Off | M - OptEx | — | +3,003 | 148.8K | +2% | — |
| DI | 2024-02-14 | 2024-02-12 | LOB | Smits Steve | Chief Credit Off | F - Tax | $39.94 | -1,484 | 147.3K | -1.0% | -$59.3K |
| D | 2024-02-14 | 2024-02-12 | LOB | Smits Steve | Chief Credit Off | M - OptEx | $0.00 | -3,003 | 3,004 | -50% | $0 |
| D | 2024-02-14 | 2024-02-12 | LOB | Smits Steve | Chief Credit Off | A - Grant | $0.00 | +13.1K | 13.1K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Voting Common Stock | 2024-02-12 | M | A | 3,003 | — | 148,754 | I By Steven Joseph Smits Revocable Trust | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. |
| 2 | Common | Voting Common Stock | 2024-02-12 | F | D | 1,484 | $39.94 | 147,270 | I By Steven Joseph Smits Revocable Trust | — | — | |
| 3 | Derivative | Restricted Stock Units | 2024-02-12 | M | D | 3,003 | $0.00 | 3,004 | D | — · — to — | 3,003 Voting Common Stock | (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) 3,003 of the RSUs vested on each of February 10, 2022, 2023, and 2024; and 3,004 of the RSUs will vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date. |
| 4 | Derivative | Restricted Stock Units | 2024-02-12 | A | A | 13,144 | $0.00 | 13,144 | D | — · — to — | 13,144 Voting Common Stock | (F1) 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 pro rata 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. |