LOB General Counsel reports option exercises and RSU holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Live Oak Bancshares (LOB) reported insider equity transactions by an officer serving as General Counsel. On 11/18/2025, the insider exercised 12,000 voting common shares at $14.55 per share and had 3,051 shares withheld at $30.04 in a transaction coded as tax-related. On 11/19/2025, the insider exercised an additional 1,500 shares at $14.55 and sold 1,200 shares at a weighted average price of $30.2015. Following these transactions, the insider directly owned 106,126 voting common shares and held several tranches of restricted stock units that vest in equal annual installments from 2022 through 2026, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,200 shares ($36,242)
Net Sell
11 txns
Insider
Seward Gregory W
Role
General Counsel
Sold
1,200 shs ($36K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 1,500 | $0.00 | -- |
| Exercise | Voting Common Stock | 1,500 | $14.55 | $22K |
| Sale | Voting Common Stock | 1,200 | $30.2015 | $36K |
| Exercise | Employee Stock Option (right to buy) | 12,000 | $0.00 | -- |
| Exercise | Voting Common Stock | 12,000 | $14.55 | $175K |
| Tax Withholding | Voting Common Stock | 3,051 | $30.04 | $92K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Voting Common Stock — 107,326 shares (Direct);
Restricted Stock Units — 1,000 shares (Direct)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $30.16 to $30.247. 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. 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; and 25% of the shares subject to the option vested on each of November 19, 2021 and 2022. 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. 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. 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 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.
