Form 4: Live Oak Bancshares Director Petty Executes Stock Option and Sells Shares

Director Miltom Emmett Petty exercised stock options and sold shares of Live Oak Bancshares, Inc. on February 29, 2024.

Summary

• On February 29, 2024, Miltom Emmett Petty, a director of Live Oak Bancshares, Inc., engaged in transactions involving the company's voting common stock.
• Petty exercised a stock option to acquire 30,000 shares at a price of $4.40 per share.
• Following the exercise of the option, Petty sold 10,000 shares at a weighted average price of $39.7252, with prices ranging from $39.535 to $39.86.
• After these transactions, Petty directly owns 121,941 shares of Live Oak Bancshares, Inc. voting common stock.
• Petty also holds 3,625 restricted stock units which vest on May 1, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a director.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely negligible.

Key Dates