0001578563-24-000137.txt : 20240226
0001578563-24-000137.hdr.sgml : 20240226
20240226171842
ACCESSION NUMBER: 0001578563-24-000137
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240223
FILED AS OF DATE: 20240226
DATE AS OF CHANGE: 20240226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Spencer Courtney
CENTRAL INDEX KEY: 0001937224
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37497
FILM NUMBER: 24680219
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_1708985897.xml
FORM 4
X0508
4
2024-02-23
0
0001462120
Live Oak Bancshares, Inc.
LOB
0001937224
Spencer Courtney
1741 TIBURON DRIVE
WILMINGTON
NC
28403
0
1
0
0
Chief Experience Officer
0
Voting Common Stock
2024-02-23
4
M
0
2000
A
16065
D
Voting Common Stock
2024-02-23
4
F
0
889
39.30
D
15176
D
Voting Common Stock
152
I
By Spouse
Restricted Stock Units
2024-02-23
4
M
0
2000
0
D
Voting Common Stock
2000
4000
D
Restricted Stock Units
Voting Common Stock
2003
2003
D
Restricted Stock Units
Voting Common Stock
4740
4740
D
Restricted Stock Units
Voting Common Stock
11380
11380
D
Restricted Stock Units
Voting Common Stock
10640
10640
D
Stock Option (right to buy)
13.59
2026-02-16
Voting Common Stock
14000
14000
D
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
2,000 of the RSUs will vest on each of February 22, 2023, 2024, 2025, and 2026, 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, 2023 and 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 14, 2023, 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 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 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 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 February 16, 2022; and 25% of the shares subject to he option vested on February 16, 2023.
/s/ Jonathan A. Greene, By Power of Attorney
2024-02-26