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Live Oak Acquisition Corp. V (LOKV) CEO reports major share and option awards

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

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

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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 Brown Michael Ashby Sutherland
Role Chief Executive Officer
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
Holdings After Transaction: Stock Option — 91,804 shares (Direct); Common Stock — 1,216,510 shares (Direct)
Footnotes (1)
  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.
Common Stock grant 27,174 shares at $9.20/share Award of Common Stock on June 18, 2026
Merger-related share issuance 1,216,510 shares at $0.00/share Common Stock received on June 18, 2026
Post-transaction holdings 1,243,684 Common shares Direct ownership following reported awards
Stock options granted 91,804 options at $6.44 exercise price Options over Common Stock granted June 18, 2026
Option expiration November 6, 2035 Expiry date for 91,804-share option grant
Initial vesting date September 1, 2026 25% of option grant vests on this date
Remaining vesting period 36 monthly installments Remaining 75% of option grant vesting pattern
Agreement and Plan of Merger regulatory
"received as part of the Issuer's business combination, in connection with an Agreement and Plan of Merger"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Legacy Teamshares financial
"Teamshares Inc. ("Legacy Teamshares") and Brian Gaebe, as the representative"
earnout shares financial
"representative of the Legacy Teamshare holders entitled to receive earnout shares"
Earnout shares are company stock promised to sellers as part of an acquisition that only becomes payable if the acquired business hits agreed future performance targets, like revenue or profit goals. They matter to investors because they can increase the number of shares outstanding (dilution), tie seller incentives to future success, and create uncertainty about the actual cost of the deal and future ownership unless the performance conditions are clearly understood.
stock option financial
"each Legacy Teamshares stock option was automatically converted into the right to receive stock options"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
vest financial
"The stock option will vest as to 25% of the underlying shares on September 1, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
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FAQ

What insider transactions did Live Oak Acquisition Corp. V (LOKV) report for its CEO?

The CEO, Michael Ashby Sutherland Brown, reported three acquisition-type transactions. He received two Common Stock awards totaling over 1.24 million shares and a stock option grant over 91,804 shares, all coded as grants or awards rather than open-market purchases or sales.

How many Live Oak Acquisition Corp. V shares does the CEO hold after this Form 4?

After the reported transactions, the CEO directly holds 1,243,684 shares of Common Stock. This figure reflects his position following the share awards received in connection with the business combination and related equity grants described in the filing’s transaction details and footnotes.

What stock options were granted to the Live Oak Acquisition Corp. V CEO in this filing?

The CEO was granted stock options over 91,804 shares of Common Stock at a conversion price of $6.44 per share. These options expire on November 6, 2035, and represent additional derivative-based equity exposure alongside his direct Common Stock holdings.

How do the merger and Merger Agreement affect the CEO’s Live Oak equity awards?

Footnotes explain the CEO received securities as part of a business combination under an Agreement and Plan of Merger. Legacy Teamshares common stock and options converted into newly issued Common Stock and stock options of the issuer, increasing his equity stake in the post-merger company.

What is the vesting schedule for the CEO’s new stock options at Live Oak Acquisition Corp. V?

The stock option grant vests 25% of the underlying shares on September 1, 2026. The remaining 75% then vests in 36 substantially equal monthly installments, creating a long-term incentive structure tied to continued service and future company performance.

Were any of the CEO’s Live Oak transactions open-market buys or sales?

No, the transactions are all coded “A” for grants, awards, or other acquisitions. The filing shows no open-market purchase or sale codes, and the footnotes link the awards primarily to the completed business combination and associated equity conversion mechanics.
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*
Brown Michael Ashby Sutherland

(Last)(First)(Middle)
C/O TEAMSHARES INC.
214 SULLIVAN STREET, 3B

(Street)
NEW YORK NEW YORK 10012

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Live Oak Acquisition Corp. V [ TMS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form 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
Common Stock06/18/2026A1,216,510A(1)1,216,510D
Common Stock06/18/2026A27,174A$9.21,243,684D
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
Stock Option$6.4406/18/2026A91,804 (2)11/06/2035Common Stock91,804(1)91,804D
Explanation of Responses:
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.
2. 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.
/s/ Jordyn Ashley, Attorney-in-Fact06/23/2026
** 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)