Live Oak director-linked entity receives shares, warrants
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Live Oak Acquisition Corp. V director Richard J. Hendrix reported indirect ownership changes tied to the closing of its business combination with Teamshares Inc. Through Live Oak Sponsor V, LLC, he is associated with 5,124,547 shares of Common Stock received as part of the merger and related domestication, following conversion of Class B Ordinary Shares into Class B Common Stock and then Common Stock. The sponsor also holds 4,500,000 warrants for Common Stock with an exercise price of $11.50 per share, expiring on June 18, 2031. Footnotes note that 1,150,000 shares and 524,781 shares are subject to potential forfeiture under a Sponsor Letter Agreement, and that 524,783 shares were forfeited to the company for no consideration. Hendrix may be deemed to beneficially own the sponsor-held securities due to his control of the sponsor but disclaims beneficial ownership beyond his pecuniary interest.
Insider Trade Summary
5,124,547 shares exercised/converted
Exercise
3 txns
Insider
HENDRIX RICHARD J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Ordinary Shares | 5,124,547 | $0.00 | $0.00 |
| Grant/Award | Warrants | 4,500,000 | $0.00 | $0.00 |
| Conversion | Common Stock | 5,124,547 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Ordinary Shares — 0 contracts (Indirect, See Footnote);
Warrants — 4,500,000 contracts (Indirect, See Footnote);
Common Stock — 5,124,547 shares (Indirect, See Footnote)
Footnotes (5)
- F1. Represents securities received as part of the Issuer's business combination (the "Merger"), in connection with the Agreement and Plan of Merger, dated November 14, 2025, as amended (the "Merger Agreement"), by and among the Issuer (formerly known as Live Oak Acquisition Corp. V), Live Oak Sponsor V, LLC (the "Sponsor"), Teamshares Inc. and the other parties thereto.
- F2. As contemplated in the Merger Agreement, the Issuer's Class B Ordinary Shares converted into shares of Class B Common Stock pursuant to the domestication of the Issuer from a Cayman Islands company to a Delaware corporation, and subsequently converted into shares of Common Stock in connection with the closing of the Merger.
- F3. 1,150,000 shares are subject to forfeiture if certain stock price thresholds are not achieved, and 524,781 shares are subject to forfeiture as detailed in the Sponsor Letter Agreement, dated November 14, 2025, between the Issuer (formerly known as Live Oak Acquisition Corp. V) and the Sponsor (the "Sponsor Letter Agreement").
- F4. The securities reported herein are held of record by the Sponsor. The Reporting Person is the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. As such, the Reporting Person may be deemed to have beneficial ownership of the securities held of record by the Sponsor. The Reporting Person disclaims any beneficial ownership except to the extent of his pecuniary interest therein.
- F5. Reflects 524,783 shares that were forfeited by the Sponsor to the Issuer for no consideration pursuant to the Sponsor Letter Agreement, which was exempt from reporting pursuant to Rule 16a-4(d).
Key Figures
Common shares held: 5,124,547 shares
Warrants granted: 4,500,000 warrants
Warrant exercise price: $11.50 per share
+4 more
7 metrics
Common shares held
5,124,547 shares
Indirectly held by Live Oak Sponsor V, LLC after merger
Warrants granted
4,500,000 warrants
Indirectly held by sponsor with common stock underlying
Warrant exercise price
$11.50 per share
Exercise price for 4,500,000 warrants
Warrant expiration
June 18, 2031
Expiration date of reported warrants
Shares subject to forfeiture (price thresholds)
1,150,000 shares
Subject to forfeiture if stock price thresholds are not achieved
Additional shares subject to forfeiture
524,781 shares
Subject to forfeiture under Sponsor Letter Agreement
Shares forfeited
524,783 shares
Forfeited by sponsor to issuer for no consideration
Key Terms
business combination, Agreement and Plan of Merger, domestication, Class B Ordinary Shares, +2 more
6 terms
business combination financial
"Represents securities received as part of the Issuer's business combination (the "Merger"), in connection with the Agreement and Plan of Merger..."
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.
Agreement and Plan of Merger regulatory
"...in connection with the Agreement and Plan of Merger, dated November 14, 2025, as amended (the "Merger Agreement"), by and among the Issuer..."
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.
domestication regulatory
"As contemplated in the Merger Agreement, the Issuer's Class B Ordinary Shares converted into shares of Class B Common Stock pursuant to the domestication of the Issuer..."
Domestication is the legal process by which a company changes its official ‘legal home’ from one place to another without creating a new business entity, similar to moving a household’s registration from one city to another while keeping the same people and possessions. It matters to investors because it can alter which laws, tax rules, reporting standards and shareholder rights apply, potentially affecting costs, governance and the value or liquidity of the company’s shares.
Sponsor Letter Agreement regulatory
"...524,781 shares are subject to forfeiture as detailed in the Sponsor Letter Agreement, dated November 14, 2025, between the Issuer... and the Sponsor..."
Rule 16a-4(d) regulatory
"Reflects 524,783 shares that were forfeited by the Sponsor to the Issuer for no consideration... which was exempt from reporting pursuant to Rule 16a-4(d)."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Richard J. Hendrix report on this Form 4 for Live Oak (LOKV)?
Richard J. Hendrix reported indirect acquisition of 5,124,547 shares of Common Stock and 4,500,000 warrants of Live Oak Acquisition Corp. V, all held through Live Oak Sponsor V, LLC, in connection with the company’s business combination with Teamshares Inc.
What warrants did the sponsor receive in this Live Oak (LOKV) filing?
The sponsor received 4,500,000 warrants, each exercisable for one share of Common Stock at $11.50 per share, expiring on June 18, 2031. These derivative securities give the sponsor potential future equity exposure if the warrants are exercised.
How is the Live Oak (LOKV) business combination reflected in this Form 4?
The Form 4 shows securities received as part of the business combination with Teamshares Inc. and the company’s domestication to Delaware. Class B Ordinary Shares converted into Class B Common Stock, then into Common Stock, resulting in the reported common share position.
Does Richard J. Hendrix personally own the reported Live Oak (LOKV) securities?
The securities are held of record by Live Oak Sponsor V, LLC. Hendrix, as managing member, has voting and investment discretion and may be deemed a beneficial owner, but he disclaims beneficial ownership except to the extent of his pecuniary interest in the sponsor.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates