Live Oak (LOKV) CTO receives merger-linked stock and option awards

Rhea-AI Filing Summary

Live Oak Acquisition Corp. V’s Chief Technology Officer, Kevin Rikio Shiiba, reported multiple equity awards tied to the company’s business combination with Legacy Teamshares. He acquired 27,174 shares of Common Stock at a reported value of $9.20 per share and 749,800 additional Common Stock shares at no cost, received as part of the merger consideration.

He was also granted stock options over 91,804 shares of Common Stock with a $6.44 exercise price that are fully vested and exercisable, expiring on November 6, 2035. A further stock option covering 148,000 shares at a $0.76 exercise price will vest 25% on September 1, 2026, then in 36 substantially equal monthly installments through its stated term.

Insights

Equity compensation analyst

CTO receives merger-related shares and time-vested options, a non-market equity award.

The reporting shows Chief Technology Officer Kevin Rikio Shiiba acquiring Common Stock and stock options as part of the merger between Live Oak Acquisition Corp. V and Legacy Teamshares. All transactions are coded as grants or awards, not open-market purchases or sales.

The common stock grants, including 27,174 shares at a reported $9.20 value and 749,800 shares at no cost, reflect equity received in the business combination. Options over 91,804 shares at $6.44 are fully vested, while 148,000 shares at $0.76 vest over time, aligning compensation with ongoing service.

Because these are compensation- and transaction-related awards rather than discretionary trading, they carry limited signaling value about the insider’s view of the stock price. The filing mainly updates investors on the CTO’s expanded equity stake and the structure of his long-term incentives.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Shiiba Kevin Rikio

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	148,000	$0.00	--
Grant/Award	Stock Option	91,804	$0.00	--
Grant/Award	Common Stock	749,800	$0.00	--
Grant/Award	Common Stock	27,174	$9.20	$250K

Holdings After Transaction: Stock Option — 148,000 shares (Direct, null); Common Stock — 749,800 shares (Direct, null)

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 is fully vested and exercisable. 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.

Key Figures

Common Stock grant: 27,174 shares at $9.20 Additional Common Stock grant: 749,800 shares at $0.00 Fully vested option: 91,804 shares at $6.44 +3 more

6 metrics

Common Stock grant 27,174 shares at $9.20 Non-derivative award on June 18, 2026

Additional Common Stock grant 749,800 shares at $0.00 Non-derivative merger-related award on June 18, 2026

Fully vested option 91,804 shares at $6.44 Stock option, fully vested, expires November 6, 2035

Time-vested option 148,000 shares at $0.76 Vests 25% on September 1, 2026, then monthly over 36 months

Derivative transactions 2 option grants Both coded as grant/award acquisitions (Code A)

Transaction direction 4 acquisitions Form 4 transaction summary shows acquireCount of 4

Key Terms

Agreement and Plan of Merger, business combination, earnout shares, stock option, +2 more

6 terms

Agreement and Plan of Merger regulatory

"in connection with an Agreement and Plan of Merger, dated as of November 14, 2025"

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.

business combination financial

"Represents securities received as part of the Issuer's business combination"

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.

earnout shares financial

"as the 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

"In addition, each Legacy Teamshares stock option was automatically converted"

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.

Merger Agreement regulatory

"pursuant to the terms of the Merger Agreement"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

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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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 07:30 PM Accepted by SEC EDGAR 06/23/2026 - 07:29 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Shiiba Kevin Rikio

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/18/2026		A		749,800	A	(1)	749,800	D
Common Stock	06/18/2026		A		27,174	A	$9.2	776,974	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$0.76	06/18/2026		A		148,000		(2)	05/31/2031	Common Stock	148,000	(1)	148,000	D
Stock Option	$6.44	06/18/2026		A		91,804		(3)	11/06/2035	Common Stock	91,804	(1)	91,804	D

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 is fully vested and exercisable.

3. 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-Fact	06/23/2026
	** Signature of Reporting Person	Date
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 (LOKV) report for CTO Kevin Rikio Shiiba?

The CTO reported equity awards in Common Stock and stock options. He received 27,174 shares at a reported value of $9.20, 749,800 additional shares at no cost, and two stock option grants covering 91,804 and 148,000 shares, respectively, with specified exercise prices.

Were the Live Oak (LOKV) insider transactions open-market buys or sales?

No, the transactions were coded as grants or awards, not open-market trades. They represent equity received in connection with the business combination and compensation arrangements, rather than discretionary buying or selling of Live Oak shares in the public market.

How many Live Oak (LOKV) shares did the CTO acquire through stock option grants?

The CTO was granted stock options over a total of 239,804 underlying shares. One option covers 91,804 shares at a $6.44 exercise price and is fully vested, while another covers 148,000 shares at a $0.76 exercise price with a multi-year vesting schedule.

What are the key terms of the fully vested stock option reported by Live Oak (LOKV)?

One stock option grant is fully vested and exercisable for 91,804 shares of Common Stock at a $6.44 exercise price. According to the disclosure, this option expires on November 6, 2035, giving the CTO a long window to choose when to exercise.

How does the time-vested Live Oak (LOKV) stock option for the CTO vest?

The 148,000-share option at a $0.76 exercise price will vest 25% of the underlying shares on September 1, 2026. The remaining shares then vest in 36 substantially equal monthly installments, creating a four-year vesting schedule tied to continued service.

How are the Live Oak (LOKV) equity awards connected to the business combination?

Footnotes state the securities were received as part of the issuer’s business combination under a Merger Agreement involving Legacy Teamshares. Legacy Teamshares common stock and stock options automatically converted into Live Oak common stock and corresponding stock options pursuant to that agreement.