0001578563-24-000105.txt : 20240216 0001578563-24-000105.hdr.sgml : 20240216 20240216175754 ACCESSION NUMBER: 0001578563-24-000105 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: Seward Gregory W CENTRAL INDEX KEY: 0001656656 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37497 FILM NUMBER: 24649866 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_1708124254.xml FORM 4 X0508 4 2024-02-14 0 0001462120 Live Oak Bancshares, Inc. LOB 0001656656 Seward Gregory W 1741 TIBURON DRIVE WILMINGTON NC 28403 0 1 0 0 General Counsel 0 Voting Common Stock 2024-02-14 4 M 0 11948 A 100382 D Voting Common Stock 2024-02-14 4 F 0 5353 38.55 D 95029 D Voting Common Stock 2024-02-15 4 M 0 2370 A 97399 D Voting Common Stock 2024-02-15 4 F 0 1072 39.21 D 96327 D Restricted Stock Units 2024-02-14 4 M 0 11948 0 D Voting Common Stock 11948 47795 D Restricted Stock Units 2024-02-15 4 M 0 2370 0 D Voting Common Stock 2370 7110 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 13770 13770 D Employee Stock Option (right to buy) 14.55 2025-11-19 Voting Common Stock 13500 13500 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 13, 2024, 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 14, 2023, 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 each of February 10, 2022 and 2023, and 2002 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. The RSUs vest in five equal 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 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 shares subject to this option vest and become exercisable yearly in seven installments beginning on November 19, 2016, as follows: 10% of the shares subject to the option vested on each of November 19, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on each of November 19, 2021 and November 19, 2022. /s/ Jonathan A. Greene, By Power of Attorney 2024-02-16