Live Oak Acquisition Corp. V (LOKV) CEO reports major share and option awards
Rhea-AI Filing Summary
Live Oak Acquisition Corp. V’s chief executive officer Michael Ashby Sutherland Brown reported equity awards and merger-related share issuances in Common Stock and stock options. He received 27,174 shares of Common Stock valued at $9.20 per share and a larger 1,216,510-share award at a stated price of $0.00 per share. Following these transactions, he directly holds 1,243,684 Common shares. Brown was also granted stock options over 91,804 shares of Common Stock with a conversion price of $6.44 per share, expiring on November 6, 2035. Footnotes state the securities were received in connection with a business combination under an Agreement and Plan of Merger involving the issuer (formerly known as Live Oak Acquisition Corp. V) and Teamshares Inc., and that the stock option vests 25% on September 1, 2026, then in 36 substantially equal monthly installments.
Positive
- None.
Negative
- None.
Insights
CEO reports merger-related equity and routine option grant.
CEO Michael Ashby Sutherland Brown reports only acquisition-type entries coded “A”, indicating grants or awards rather than open-market buying. The footnote ties most of the shares and options to a completed business combination under a defined Merger Agreement.
The insider now directly holds 1,243,684 Common shares and 91,804 stock options with a $6.44 exercise price expiring in 2035. The options vest 25% on September 1, 2026 and then monthly over 36 months, a typical long-term incentive structure.
These awards appear compensation- and transaction-related rather than discretionary trading. There are no reported sales, gifts, or tax-withholding dispositions in this filing, so the net effect is an increase in the CEO’s equity exposure aligned with the post-merger company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 91,804 | $0.00 | -- |
| Grant/Award | Common Stock | 1,216,510 | $0.00 | -- |
| Grant/Award | Common Stock | 27,174 | $9.20 | $250K |
Footnotes (1)
- Represents securities received as part of the Issuer's business combination, in connection with an Agreement and Plan of Merger, dated as of November 14, 2025, as amended and supplemented from time to time (the "Merger Agreement"), by and among the Issuer (formerly known as Live Oak Acquisition Corp. V), Catalyst Sub Inc., Catalyst Sub 2 LLC, Live Oak Sponsor V, LLC, Teamshares Inc. ("Legacy Teamshares") and Brian Gaebe, as the representative of the Legacy Teamshare holders entitled to receive earnout shares, pursuant to which the common stock of Legacy Teamshares automatically converted into newly issued shares of Common Stock, pursuant to the terms of the Merger Agreement. In addition, each Legacy Teamshares stock option was automatically converted into the right to receive stock options of the Issuer, pursuant to the terms of the Merger Agreement. The stock option will vest as to 25% of the underlying shares on September 1, 2026 and will vest thereafter in 36 substantially equal monthly installments.