Live Oak Acquisition (LOKV) moves 100,436 Class B founder shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Live Oak Sponsor V, LLC, a 10% owner of Live Oak Acquisition Corp. V, reported restructuring transfers of Class B ordinary shares around the closing of its business combination with Teamshares Inc. The Sponsor transferred 37,136 and 63,300 Class B shares to certain investors and SAFE investors. After these transfers, it held 5,649,564 Class B shares, which automatically convert into Class A ordinary shares on a one-for-one basis with no expiration.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Live Oak Sponsor V, LLC, HENDRIX RICHARD J
Role
null | Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares | 63,300 | $0.00 | -- |
| Other | Class B Ordinary Shares | 37,136 | $0.00 | -- |
Holdings After Transaction:
Class B Ordinary Shares — 5,649,564 shares (Direct, null)
Footnotes (1)
- Pursuant to certain Non-Redemption Agreements among the Sponsor and certain investors, the Sponsor transferred an aggregate of 37,136 Class B ordinary shares, par value $0.0001 per share (the "Class B Shares"), to such investors, in connection with the closing of the Issuer's business combination (the "Closing") with Teamshares Inc. ("Teamshares"). Pursuant to certain Share Transfer Agreements among the Sponsor and certain SAFE investors of Teamshares, the Sponsor transferred an aggregate of 63,300 Class B Shares to such investors, in connection with the Closing. As described in the Issuer's registration statement on Form S-1 (File No. 333-284207) under the heading "Description of Securities--Founder Shares," the Class B Shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B Shares have no expiration date.
Key Figures
First transfer: 37,136 Class B shares
Second transfer: 63,300 Class B shares
Total shares transferred: 100,436 Class B shares
+2 more
5 metrics
First transfer
37,136 Class B shares
Transferred under Non-Redemption Agreements at business combination closing
Second transfer
63,300 Class B shares
Transferred under Share Transfer Agreements to SAFE investors at closing
Total shares transferred
100,436 Class B shares
Aggregate restructuring transfers related to Teamshares deal
Shares held after transactions
5,649,564 Class B shares
Sponsor’s direct holdings following latest reported transfer
Conversion ratio
1 Class B for 1 Class A share
Automatic conversion at or before initial business combination; no expiration
Key Terms
Non-Redemption Agreements, Share Transfer Agreements, SAFE investors, business combination, +1 more
5 terms
Non-Redemption Agreements financial
"Pursuant to certain Non-Redemption Agreements among the Sponsor and certain investors..."
A non-redemption agreement is a contract in which a security holder agrees not to demand repayment, cashing out, or forced buyback of their shares or debt for a set period. Think of it like agreeing to leave money in a shared pot rather than asking for your portion back immediately; it preserves company cash flow and reduces near-term liabilities. Investors care because it affects a company’s short-term liquidity, the timing of potential payouts, and the predictability of future ownership or debt levels.
SAFE investors financial
"among the Sponsor and certain SAFE investors of Teamshares, the Sponsor transferred..."
business combination financial
"in connection with the closing of the Issuer's business combination with Teamshares Inc."
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
FAQ
What insider transactions did Live Oak Acquisition Corp. V (LOKV) report?
Live Oak reported two restructuring transactions labeled code J. Live Oak Sponsor V, LLC transferred 37,136 and 63,300 Class B ordinary shares to investors in connection with the closing of its business combination with Teamshares Inc., rather than open‑market buys or sells.
What is the Sponsor’s remaining stake in LOKV after these transfers?
After completing the two restructuring transfers, Live Oak Sponsor V, LLC reported holding 5,649,564 Class B ordinary shares. This figure reflects its direct ownership following the latest transaction recorded in the filing and shows it still retains a substantial founder-share position.
Were the LOKV insider transactions open-market buys or sells?
No, the transactions were coded J as “other acquisition or disposition.” They reflect share transfers under Non-Redemption Agreements and Share Transfer Agreements connected to the business combination closing, not open-market purchases or sales by the Sponsor or executives.