Form 4 • Statement of Changes in Beneficial Ownership
Type
Sell
Net shares
-4,712
% of shares
-31.81%
Amount (USD)
$172,379
Insider confidence score
22.5 out of 100
Negative
Security
Voting Common Stock
Action
Sell
Date
2026-03-02
Code
S
Net shares
-4,712.0
Price per Share
$36.58
Amount (USD)
$172,379.10
Acquired/Disposed
Disposed
Shares Owned Before
14,815.0
Shares Owned After
10,103.0
1. This transaction was executed in multiple trades at prices ranging from $36.41 to $36.96. The price reporting 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.
2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
3. The RSUs vest in five equal annual installments beginning on December 15, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
4. The RSUs vest in five equal annual installments beginning on December 9, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
5. 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.
6. 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.
7. The RSUs vest in five equal annual installments beginning on August 18, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
8. The RSUs vest in five equal annual installments beginning on February 9, 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
This page is for informational purposes only. While we strive for accuracy, the summary may contain inaccuracies or omissions. Please refer to the official SEC filing for authoritative information. Open the SEC filing.