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Live Oak Acquisition (LOKV) moves 100,436 Class B founder shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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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)
  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.
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
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.
Share Transfer Agreements financial
"Pursuant to certain Share Transfer Agreements among the Sponsor and certain SAFE investors..."
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.
Class B ordinary shares financial
"an aggregate of 37,136 Class B ordinary shares, par value $0.0001 per share..."
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Live Oak Sponsor V, LLC

(Last)(First)(Middle)
4921 WILLIAM ARNOLD ROAD

(Street)
MEMPHIS TENNESSEE 38117

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Live Oak Acquisition Corp. V [ LOKV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Ordinary Shares(1)06/15/2026J(1)37,136 (1) (3)Class A Ordinary Shares37,136(1)5,712,864D
Class B Ordinary Shares(1)06/17/2026J(2)63,300 (2) (3)Class A Ordinary Shares63,300(2)5,649,564D
1. Name and Address of Reporting Person*
Live Oak Sponsor V, LLC

(Last)(First)(Middle)
4921 WILLIAM ARNOLD ROAD

(Street)
MEMPHIS TENNESSEE 38117

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
HENDRIX RICHARD J

(Last)(First)(Middle)
4921 WILLIAM ARNOLD ROAD

(Street)
MEMPHIS TENNESSEE 38117

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
Explanation of Responses:
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").
2. 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.
3. 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.
/s/ Richard J. Hendrix Managing Member of Live Oak Sponsor V, LLC06/17/2026
/s/ Richard J. Hendrix06/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

How many Live Oak Acquisition Corp. V (LOKV) shares were transferred?

The Sponsor transferred a total of 100,436 Class B ordinary shares. These came from two transfers: 37,136 shares under Non-Redemption Agreements and 63,300 shares under Share Transfer Agreements, both tied to the closing of the Teamshares Inc. business combination.

Who received the transferred LOKV Class B shares from the Sponsor?

Certain investors under Non-Redemption Agreements received 37,136 Class B shares, and certain SAFE investors of Teamshares received 63,300 Class B shares. These transfers were executed in connection with the closing of Live Oak’s business combination with Teamshares Inc.

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.

How do LOKV Class B ordinary shares convert into Class A shares?

The Class B ordinary shares automatically convert into Class A ordinary shares on a one-for-one basis. Conversion occurs at the time of Live Oak’s initial business combination or earlier at the holder’s option, subject to specified adjustments, and the Class B shares have no expiration date.

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.