Live Oak (LOKV) COO receives stock and long-dated options in merger-related award

Rhea-AI Filing Summary

Live Oak Acquisition Corp. V’s Chief Operating Officer, Madhuri Kommareddi, reported acquiring equity in connection with the company’s business combination with Teamshares Inc. Under the Merger Agreement, her Legacy Teamshares common stock and stock options converted into the issuer’s securities.

She now directly holds 13,587 shares of Common Stock, valued at $9.20 per share for reporting purposes. She also received several stock option awards over Common Stock, including 90,203 options at a $7.01 exercise price, 45,101 options at $3.92, and tranches of 15,975 and 74,228 options at $0.76. One option grant is fully vested and exercisable, while another vested 25% on August 1, 2024 and will continue to vest in 36 monthly installments.

Insights

Equity compensation analyst

COO receives equity and options via merger-related conversions, a routine compensation event with no sales.

Chief Operating Officer Madhuri Kommareddi received Common Stock and multiple stock option grants when Legacy Teamshares equity converted into Live Oak Acquisition Corp. V securities under the Merger Agreement. All transactions are coded as awards rather than open-market purchases or sales.

The filing shows 13,587 Common shares and option packages over more than 225,000 shares at exercise prices from $0.76 to $7.01, with expirations between 2031 and 2033. One grant is fully vested and another vests over 36 months, indicating long-term incentive alignment tied to ongoing service.

No shares were sold, and there are no derivative exercises or tax-withholding dispositions. This points to a structural transition in her equity position after the business combination, rather than a directional bet on the stock in the open market.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Kommareddi Madhuri

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	74,228	$0.00	--
Grant/Award	Stock Option	15,975	$0.00	--
Grant/Award	Stock Option	45,101	$0.00	--
Grant/Award	Stock Option	90,203	$0.00	--
Grant/Award	Common Stock	13,587	$9.20	$125K

Holdings After Transaction: Stock Option — 74,228 shares (Direct, null); Common Stock — 13,587 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 vested as to 25% of the underlying shares on August 1, 2024 and will vest thereafter in 36 substantially equal monthly installments.

Key Figures

Common Stock acquired: 13,587 shares at $9.20 Options at $7.01: 90,203 options, $7.01 exercise price Options at $3.92: 45,101 options, $3.92 exercise price +3 more

6 metrics

Common Stock acquired 13,587 shares at $9.20 Non-derivative award as of June 18, 2026

Options at $7.01 90,203 options, $7.01 exercise price Stock options over Common Stock, expire August 20, 2033

Options at $3.92 45,101 options, $3.92 exercise price Stock options over Common Stock, expire January 13, 2032

Options at $0.76 (tranche 1) 15,975 options, $0.76 exercise price Stock options over Common Stock, expire May 31, 2031

Options at $0.76 (tranche 2) 74,228 options, $0.76 exercise price Stock options over Common Stock, expire May 31, 2031

Acquisition transactions 5 award-type acquisitions All coded 'A' with acquire direction, no sales

Key Terms

Agreement and Plan of Merger, earnout shares, stock option, fully vested and exercisable, +1 more

5 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.

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.

fully vested and exercisable financial

"The stock option is fully vested and exercisable."

monthly installments financial

"will vest thereafter in 36 substantially equal monthly installments."

Monthly installments are regular, fixed payments made each month to gradually pay off a larger amount, such as a loan or purchase. Think of it like paying for a big item in small, manageable parts instead of all at once. For investors, understanding installment payments helps gauge how debts are structured and how they might affect financial stability or cash flow over time.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 07:21 PM Accepted by SEC EDGAR 06/23/2026 - 07:21 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^*

Kommareddi Madhuri

(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 Operating 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		13,587	A	$9.2	13,587	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		74,228		(2)	05/31/2031	Common Stock	74,228	(1)	74,228	D
Stock Option	$0.76	06/18/2026		A		15,975		(2)	05/31/2031	Common Stock	15,975	(1)	15,975	D
Stock Option	$3.92	06/18/2026		A		45,101		(2)	01/13/2032	Common Stock	45,101	(1)	45,101	D
Stock Option	$7.01	06/18/2026		A		90,203		(3)	08/20/2033	Common Stock	90,203	(1)	90,203	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 vested as to 25% of the underlying shares on August 1, 2024 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 did Live Oak Acquisition Corp. V COO Madhuri Kommareddi acquire in this Form 4?

Madhuri Kommareddi acquired 13,587 shares of Common Stock and multiple stock option grants. These awards reflect the automatic conversion of her Legacy Teamshares equity into Live Oak securities under the Merger Agreement, rather than open-market purchases.

How many Live Oak (LOKV) common shares does the COO hold after these transactions?

After these transactions, the COO directly holds 13,587 shares of Common Stock. This stake comes from the conversion of Legacy Teamshares equity in the merger and represents her reported non-derivative holdings following the business combination.

What stock options over Live Oak (LOKV) shares were reported for the COO?

The COO received several stock option awards over Common Stock, including 90,203 options at a $7.01 exercise price, 45,101 options at $3.92, and tranches of 15,975 and 74,228 options at $0.76, with expirations between 2031 and 2033.

Are any of the Live Oak (LOKV) stock options fully vested for the COO?

Yes. One stock option grant is fully vested and exercisable. Another grant vested 25% of its underlying shares on August 1, 2024, and will continue vesting in 36 substantially equal monthly installments, supporting ongoing retention.

Were these Live Oak (LOKV) equity transactions open-market buys or sales?

No. All reported transactions are coded as awards or other acquisitions, not open-market buys or sales. They arise from the conversion of Legacy Teamshares stock and options into Live Oak securities as part of the completed business combination.

How is the Live Oak (LOKV) business combination reflected in the COO’s equity awards?

Under the Merger Agreement, Legacy Teamshares common stock automatically converted into Live Oak Common Stock, and Legacy Teamshares options converted into Live Oak stock options. The reported grants show her post-merger equity position, including vesting schedules and exercise prices.