Live Oak Bancshares director sells 3,000 shares
Live Oak Bancshares director David G. Lucht reported a sale of 3,000 shares of Voting Common Stock on July 27, 2026 at a weighted-average price of $42.1321 per share, with individual trade prices ranging from $42.13 to $42.16.
Rhea-AI Filing Summary
Live Oak Bancshares director David G. Lucht reported a sale of 3,000 shares of Voting Common Stock on July 27, 2026 at a weighted-average price of $42.1321 per share, with individual trade prices ranging from $42.13 to $42.16. Following the sale, he directly holds 15,623 common shares.
He also holds 2,486 Restricted Stock Units, each representing one share of voting common stock and scheduled to vest on May 1, 2027, and 4,000 depositary shares, each representing a 1/40th interest in the Company’s 8.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 3,000 shares
Net Sell
3 txns
Insider
LUCHT DAVID G
Role
Director
Sold
3,000 shs ($126K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock F1 | 3,000 | $42.1321 | $126K |
| holding | Restricted Stock Units F3, F4 | -- | -- | -- |
| holding | Depositary Shares F2 | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 15,623 shares (Direct);
Restricted Stock Units — 2,486 contracts (Direct);
Depositary Shares — 4,000 shares (Direct)
Footnotes (4)
- F1. This transaction was executed in multiple trades at prices ranging from $42.13 to $42.16. 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.
- F2. Each depositary share represents a 1/40th interest in a share of Live Oak Bancshares, Inc. (the "Company") 8.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, no par value per share with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share) (the "Series A Preferred Stock"). Each depositary share entitles the holder to a proportional fractional interest in all rights and preferences of the Series A Preferred Stock (including dividend, redemption, and liquidation rights).
- F3. Each restricted stock unit represents a contingent right to receive one share of the Company's voting common stock.
- F4. The restricted stock units vest on May 1, 2027.
Key Figures
Shares sold: 3,000 shares of Voting Common Stock
Sale price: $42.1321 per share
Common shares held after: 15,623 shares
+5 more
8 metrics
Shares sold
3,000 shares of Voting Common Stock
Sale on July 27, 2026
Sale price
$42.1321 per share
Weighted-average price; trades ranged $42.13–$42.16
Common shares held after
15,623 shares
Direct ownership following July 27, 2026 sale
Restricted Stock Units
2,486 underlying shares
Each RSU equals one share of voting common stock
RSU vesting date
May 1, 2027
Vesting date for 2,486 Restricted Stock Units
Depositary shares held
4,000 depositary shares
Direct holdings tied to Series A preferred stock
Preferred dividend rate
8.375%
Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
Liquidation preference
$1,000 per preferred share; $25.00 per depositary share
Series A Preferred Stock and related depositary shares
Key Terms
Restricted Stock Units, Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Liquidation preference
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
Non-Cumulative Perpetual Preferred Stock financial
"8.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
Liquidation preference financial
"with a liquidation preference of $1,000 per share (equivalent to $25.00)"
A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.
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