0001578563-24-000100.txt : 20240216 0001578563-24-000100.hdr.sgml : 20240216 20240216175510 ACCESSION NUMBER: 0001578563-24-000100 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240214 FILED AS OF DATE: 20240216 DATE AS OF CHANGE: 20240216 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Davis Micah S CENTRAL INDEX KEY: 0001977288 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37497 FILM NUMBER: 24649849 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_1708124093.xml FORM 4 X0508 4 2024-02-14 0 0001462120 Live Oak Bancshares, Inc. LOB 0001977288 Davis Micah S 1741 TIBURON DRIVE WILMINGTON NC 28403 0 1 0 0 Chief Marketing & Comm Officer 0 Voting Common Stock 2024-02-14 4 M 0 2275 A 52512 D Voting Common Stock 2024-02-14 4 F 0 1070 38.55 D 51442 D Voting Common Stock 2024-02-15 4 M 0 948 A 52390 D Voting Common Stock 2024-02-15 4 F 0 468 39.21 D 51922 D Restricted Stock Units 2024-02-14 4 M 0 2275 0 D Voting Common Stock 2275 9104 D Restricted Stock Units 2024-02-15 4 M 0 948 0 D Voting Common Stock 948 2844 D Restricted Stock Units Voting Common Stock 2003 2003 D Restricted Stock Units Voting Common Stock 3000 3000 D Restricted Stock Units Voting Common Stock 8763 8763 D Employee Stock Option (right to buy) 17 2025-07-22 Voting Common Stock 6498 6498 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 equal 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. 948 of the RSUs will vest on each of February 14, 2024, 2025, 2026 and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date. 2,002 of the RSUs vested on February 12, 2024 and 2,003 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. 1,000 of the RSUs will vest on each of February 22, 2024, 2025 and 2026, 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 12, 2025, 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 July 22, 2016, as follows: 10% of the shares subject to the option vested on each of July 22, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on July 22, 2021; and 25% of the shares subject to the option vested on July 22, 2022. /s/ Jonathan A. Greene, By Power of Attorney 2024-02-16