Valine Yousef of Live Oak (LOB) exercises 2,946 RSUs into common
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. director Valine A. Yousef reported a routine equity award vesting and share issuance. On May 1, 2026, 2,946 Restricted Stock Units were exercised, delivering 2,946 shares of Voting Common Stock at a stated price of $0.00 per share.
After this derivative exercise, Yousef held 10,401 shares of Voting Common Stock directly. Separately, 1,500 shares of Voting Common Stock are reported as indirectly owned through the Valine Revocable Living Trust. The restricted stock units vested on May 1, 2026, and each unit represented a contingent right to receive one share of Voting Common Stock, with no remaining derivative position shown in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,946 shares exercised/converted
Mixed
3 txns
Insider
Valine Yousef A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,946 | $0.00 | -- |
| Exercise | Voting Common Stock | 2,946 | $0.00 | -- |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Voting Common Stock — 10,401 shares (Direct, null);
Voting Common Stock — 1,500 shares (Indirect, By Valine Revocable Living Trust)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock. The restricted stock units vested on May 1, 2026.
Key Figures
RSUs exercised: 2,946 units
Shares received from RSUs: 2,946 shares
Direct holdings after transaction: 10,401 shares
+3 more
6 metrics
RSUs exercised
2,946 units
Restricted Stock Units converted on May 1, 2026
Shares received from RSUs
2,946 shares
Voting Common Stock issued upon RSU exercise
Direct holdings after transaction
10,401 shares
Voting Common Stock directly owned after May 1, 2026
Indirect holdings via trust
1,500 shares
Voting Common Stock held by Valine Revocable Living Trust
Exercise price per RSU
$0.00 per share
Stated transaction price for RSU conversion
Derivative exercises
1 transaction
Exercise or conversion of derivative security (Code M)
Key Terms
Restricted Stock Units, derivative security, Voting Common Stock, revocable living trust, +1 more
5 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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Voting Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock"
revocable living trust financial
"nature_of_ownership: By Valine Revocable Living Trust"
indirect ownership financial
"ownership_type: indirect with ownership_code I"
