Form 4 for LOB Live Oak Bancshares, Inc.
Accepted 2024-02-16 00:00:00 ET · period of report 2024-02-14 · accession 0001578563-24-000108 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-02-16 | 2024-02-14+ | LOB | SUTHERLAND JOHN W. | CAO | F - Tax | $38.75 | -512 | 57.0K | -0.9% | -$19.8K |
| DM | 2024-02-16 | 2024-02-14+ | LOB | SUTHERLAND JOHN W. | CAO | M - OptEx | — | +1,027 | 57.2K | +2% | — |
| DM | 2024-02-16 | 2024-02-14+ | LOB | SUTHERLAND JOHN W. | CAO | M - OptEx | $0.00 | -1,027 | 948 | -52% | $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 | 2024-02-14 | F | D | 354 | $38.55 | 56,857 | D | — | — | |
| 2 | Common | Voting Common Stock | 2024-02-14 | M | A | 711 | — | 57,211 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. |
| 3 | Common | Voting Common Stock | 2024-02-15 | M | A | 316 | — | 57,173 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. |
| 4 | Common | Voting Common Stock | 2024-02-15 | F | D | 158 | $39.21 | 57,015 | D | — | — | |
| 5 | Derivative | Restricted Stock Units | 2024-02-14 | M | D | 711 | $0.00 | 2,845 | D | — · — to — | 711 Voting Common Stock | (F3) In the Form 4 filed by the reporting person on February 14, 2023 (the "2023 Form 4"), the aggregate holdings reported in Columns 7 and 10 were inadvertently misstated. The 3,356 shares of RSUs listed in the 2023 Form 4 and subsequent filings should have been reported as 3,556. The aggregate number of RSUs held after the current transaction are correctly listed in this current Form 4. (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) The RSUs vest in five pro rata 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. |
| 6 | Derivative | Restricted Stock Units | 2024-02-15 | M | D | 316 | $0.00 | 948 | D | — · — to — | 316 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. (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. |