Live Oak president exercises 50K stock units
Live Oak Bancshares, Inc. (LOB) reported that President William C. Losch III exercised 50,000 Restricted Stock Units into an equal number of shares of voting common stock on 2026-08-25.
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. (LOB) reported that President William C. Losch III exercised 50,000 Restricted Stock Units into an equal number of shares of voting common stock on 2026-08-25. In a related transaction, 22,221 shares of common stock were delivered or withheld at $39.99 per share for payment of exercise price or tax liability. Footnotes state that each RSU represents one share of voting common stock and that multiple RSU grants vest in five equal annual installments beginning on specified dates between February 14, 2023 and February 9, 2027, conditioned on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares exercised/converted
Exercise
8 txns
Insider
Losch William C III
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 50,000 | $0.00 | $0.00 |
| Exercise | Voting Common Stock F1 | 50,000 | -- | -- |
| Exercise Price or Tax Liability | Voting Common Stock | 22,221 | $39.99 | $889K |
| holding | Restricted Stock Units F1, F3 | -- | -- | -- |
| holding | Restricted Stock Units F1, F4 | -- | -- | -- |
| holding | Restricted Stock Units F1, F5 | -- | -- | -- |
| holding | Restricted Stock Units F1, F6 | -- | -- | -- |
| holding | Restricted Stock Units F1, F7 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 258,977 contracts for 158,977 underlying shares (Direct);
Voting Common Stock — 263,392 shares (Direct)
Footnotes (7)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- F2. The RSUs vest in five equal annual installments beginning on August 25, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. The RSUs vest in five equal annual installments beginning on February 10, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F7. The RSUs vest in five equal annual installments beginning on February 9, 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
Key Figures
RSUs exercised: 50,000 units
Shares acquired from RSU exercise: 50,000 shares
Shares delivered/withheld for exercise price or tax liability: 22,221 shares
+3 more
6 metrics
RSUs exercised
50,000 units
Restricted Stock Units converted into voting common stock on 2026-08-25
Shares acquired from RSU exercise
50,000 shares
Voting common stock received on exercise of RSUs on 2026-08-25
Shares delivered/withheld for exercise price or tax liability
22,221 shares
Code F transaction on 2026-08-25
Price per share for exercise price or tax liability payment
$39.99 per share
Applied to 22,221 shares delivered or withheld
Derivative exercises reported
1 transaction; 50,000 shares
Exercise or conversion of derivative security (code M)
Code F transactions reported
1 transaction; 22,221 shares
Payment of exercise price or tax liability by delivering or withholding securities
Key Terms
Restricted Stock Units, Exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering or withholding securities, voting common stock
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering"
voting common stock financial
"one share of Live Oak Bancshares, Inc. (the "Company") voting common stock"
FAQ
What insider transaction did LOB report for William C. Losch III?
LOB reported that President William C. Losch III exercised 50,000 Restricted Stock Units into 50,000 shares of voting common stock on 2026-08-25, with a related share delivery or withholding for payment of exercise price or tax liability.
What is the conversion ratio for LOB Restricted Stock Units in this filing?
Each Restricted Stock Unit represents a contingent right to receive one share of Live Oak Bancshares voting common stock, according to the footnotes describing the RSU awards.
How do the LOB RSUs reported for William C. Losch III vest?
The RSUs vest in five equal annual installments beginning on dates between February 14, 2023 and February 9, 2027, with each grant’s vesting contingent on William C. Losch III’s continuous service to the company or a related entity.
Were the LOB insider transactions under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
