0001578563-24-000070.txt : 20240214 0001578563-24-000070.hdr.sgml : 20240214 20240214200359 ACCESSION NUMBER: 0001578563-24-000070 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240212 FILED AS OF DATE: 20240214 DATE AS OF CHANGE: 20240214 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Phifer Walter J CENTRAL INDEX KEY: 0002006943 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37497 FILM NUMBER: 24641592 MAIL ADDRESS: STREET 1: 1741 TIBURON DRIVE CITY: WILMINGTON STATE: NC ZIP: 28403 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Live Oak Bancshares, Inc. CENTRAL INDEX KEY: 0001462120 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 264596286 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1741 TIBURON DRIVE CITY: WILMINGTON STATE: NC ZIP: 28403 BUSINESS PHONE: 910-790-5867 MAIL ADDRESS: STREET 1: 1741 TIBURON DRIVE CITY: WILMINGTON STATE: NC ZIP: 28403 4 1 wk-form4_1707959024.xml FORM 4 X0508 4 2024-02-12 0 0001462120 Live Oak Bancshares, Inc. LOB 0002006943 Phifer Walter J 1741 TIBURON DRIVE WILMINGTON NC 28403 0 1 0 0 Chief Financial Officer 0 Voting Common Stock 2024-02-12 4 M 0 195 A 3665 D Voting Common Stock 2024-02-12 4 F 0 97 39.94 D 3568 D Restricted Stock Units 2024-02-12 4 M 0 195 0 D Voting Common Stock 195 195 D Restricted Stock Units 2024-02-12 4 A 0 10015 0 A Voting Common Stock 10015 10015 D Restricted Stock Units Voting Common Stock 206 206 D Restricted Stock Units Voting Common Stock 706 706 D Restricted Stock Units Voting Common Stock 6288 6288 D Employee Stock Option (right to buy) 13.59 2026-02-16 Voting Common Stock 6160 6160 D Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. The RSUs vest in five pro rata annual installments beginning on February 10, 2021, subject to the reporting person's continuous service to the Company or a related entity on such date. 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. The RSUs vest in five pro rata annual installments beginning on February 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date. The RSUs vest in five pro rata 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. The RSUs vest in five pro rata 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. The shares subject to this option vested and became exercisable yearly in seven installments beginning on February 16, 2017, as follows: 10% of the shares subject to the option vested on each of February 16, 2017, 2018, 2019, 2020, and 2021; 25% of the shares subject to the option vested on each of February 16, 2022 and 2023. /s/ Jonathan A. Greene, By Power of Attorney 2024-02-14