Diane Beth Glossman - Nov 4, 2021 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Director
Signature
/s/ Jonathan A. Greene, by Power of Attorney
Stock symbol
LOB
Transactions as of
Nov 4, 2021
Transactions value $
-$734,228
Form type
4
Date filed
11/8/2021, 04:21 PM
Previous filing
May 12, 2021
Next filing
Nov 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Sale -$734K -7.5K -12.15% $97.90 54.3K Nov 4, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LOB Restricted Stock Units 1.23K Nov 4, 2021 Voting Common Stock 1.23K Direct F2, F3
holding LOB Stock Option (right to buy) 7.5K Nov 4, 2021 Voting Common Stock 7.5K $10.63 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $97.782815 to $98.060502. 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 Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
F3 The restricted stock units vest on May 1, 2022.
F4 The shares subject to this option vested and became exercisable yearly in seven installments beginning on September 19, 2015, as follows: 10% of the shares subject to the option vested on each of September 19, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vested on each of September 19, 2020 and 2021.