0001578563-24-000154.txt : 20240304 0001578563-24-000154.hdr.sgml : 20240304 20240304172652 ACCESSION NUMBER: 0001578563-24-000154 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240229 FILED AS OF DATE: 20240304 DATE AS OF CHANGE: 20240304 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Petty Miltom Emmett CENTRAL INDEX KEY: 0001647098 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37497 FILM NUMBER: 24716160 MAIL ADDRESS: STREET 1: 1741 TIBURON DRIVE CITY: WILMINTON 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_1709591191.xml FORM 4 X0508 4 2024-02-29 0 0001462120 Live Oak Bancshares, Inc. LOB 0001647098 Petty Miltom Emmett 1741 TIBURON DRIVE WILMINGTON NC 28403 1 0 0 0 0 Voting Common Stock 2024-02-29 4 M 0 30000 4.40 A 131941 D Voting Common Stock 2024-02-29 4 S 0 10000 39.7252 D 121941 D Stock Option (right to buy) 4.40 2024-02-29 4 M 0 30000 0 D 2024-03-26 Voting Common Stock 30000 0 D Restricted Stock Units Voting Common Stock 3625 3625 D This transaction was executed in multiple trades at prices ranging from $39.535 to $39.86. 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 transactions were effected. The shares subject to this option vested and became exercisable yearly in seven installments beginning on March 26, 2015, as follows: 10% of the shares subject to the option vested on each of March 26, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vested on each of March 26, 2020 and 2021. Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock. The restricted stock units vest on May 1, 2024. /s/ Jonathan A. Greene, By Power of Attorney 2024-03-04