Filing Details
- Accession Number:
- 0001628280-23-038707
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-11-13 17:31:14
- Reporting Period:
- 2023-11-09
- Accepted Time:
- 2023-11-13 17:31:14
- 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 |
|---|---|---|---|---|---|---|---|
| 1864098 | Renato Derraik | 1741 Tiburon Drive Wilmington NC 28403 | Chief Info./Digital Off., Bank | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Voting Common Stock | Disposition | 2023-11-09 | 20,000 | $29.56 | 12,928 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Voting Common Stock | Restricted Stock Units | $0.00 | 75,000 | 75,000 | Direct | ||
| Voting Common Stock | Restricted Stock Units | $0.00 | 6,320 | 6,320 | Direct | ||
| Voting Common Stock | Restricted Stock Units | $0.00 | 89,615 | 89,615 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 75,000 | 75,000 | Direct | |
| 6,320 | 6,320 | Direct | |
| 89,615 | 89,615 | Direct |
Footnotes
- This transaction was executed in multiple trades at prices ranging from $29.43 to $29.73. 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.
- 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 August 10, 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 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 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.
Billionaire Hedge Funds
