Form 4: Live Oak Bancshares Director William L. Williams III Reports Changes in Beneficial Ownership

Director William L. Williams III reports a change in the form of ownership of Live Oak Bancshares stock, involving transfers between family trusts.

Summary

• On May 2, 2024, William L. Williams III, a director of Live Oak Bancshares, Inc., reported changes in his beneficial ownership of the company's voting common stock.
• 137,025 shares were transferred from the Elizabeth L. Williams Revocable Trust to the William L. Williams Revocable Trust.
• 900 shares were transferred from direct ownership to indirect ownership by the William L. Williams Revocable Trust.
• Following these transactions, Williams beneficially owns 54,075 shares directly, 1,138,075.8621 shares indirectly through the William L. Williams Revocable Trust, 137,025 shares indirectly through the Elizabeth Williams Family Trust, and 14,110 shares indirectly through Spoint-ILM, LLC.

Sentiment

Score: 5

Explanation: This is a neutral filing reflecting changes in ownership structure, not necessarily indicative of positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The change in beneficial ownership may be of interest to shareholders, as it provides insight into the holdings of a key company director.

Key Dates