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Filing Details

Accession Number:: 0001578563-24-000438
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-11-08 16:30:48
Reporting Period:: 2024-11-07

Accepted Time:: 2024-11-08 16:30:48
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1462120	Live Oak Bancshares Inc.	LOB	State Commercial Banks (6022)	264596286

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1656656	W Gregory Seward	1741 Tiburon Drive Wilmington NC 28403	General Counsel	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Voting Common Stock	Disposition	2024-11-07	4,645	$46.59	92,237	No	4	S	Direct
Voting Common Stock	Disposition	2024-11-07	5,355	$47.39	86,882	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Voting Common Stock	Restricted Stock Units	$0.00		2,000	2,000	Direct
Voting Common Stock	Restricted Stock Units	$0.00		2,003	2,003	Direct
Voting Common Stock	Restricted Stock Units	$0.00		7,110	7,110	Direct
Voting Common Stock	Restricted Stock Units	$0.00		47,795	47,795	Direct
Voting Common Stock	Restricted Stock Units	$0.00		13,770	13,770	Direct
Voting Common Stock	Employee Stock Option (right to buy)	$14.55	2025-11-19	13,500	13,500	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	2,000	2,000	Direct
	2,003	2,003	Direct
	7,110	7,110	Direct
	47,795	47,795	Direct
	13,770	13,770	Direct
2025-11-19	13,500	13,500	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $46.29 to $47.14. 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 trades were effected.
This transaction was executed in multiple trades at prices ranging from $47.31 to $47.40. 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 trades were effected.
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 22, 2022, 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 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.
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 vested and became 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.