Form 4: Live Oak Bancshares Director David Lucht Disposes of Shares
SEC Form 4 Filing
Director David G. Lucht disposed of 3,750 shares of Live Oak Bancshares, Inc. on July 30, 2024.
Summary
- On July 30, 2024, David G. Lucht, a director of Live Oak Bancshares, Inc., disposed of 3,750 shares of Voting Common Stock.
- The transaction was coded as 'G', indicating a gift.
- The price per share was $0, suggesting a non-cash transaction.
- Following the transaction, Lucht directly owns 16,350 shares of Voting Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a transaction. The sentiment is neither positive nor negative as it simply reports a change in ownership.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a change in ownership by a director of Live Oak Bancshares.
Stakeholder Impact
- The disposal of shares by a director could be perceived negatively by shareholders, although the context of the transaction (a gift) mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 07/30/2024 | Date of transaction: David G. Lucht disposed of shares. |
| 08/01/2024 | Date of signature by Power of Attorney. |
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