Form 4: Live Oak Bancshares Executive Micah S. Davis Reports Stock Transactions
SEC Form 4
Micah S. Davis, Chief Marketing & Communications Officer of Live Oak Bancshares, reports the vesting and disposal of restricted stock units and common stock.
Summary
- On February 10, 2025, Micah S. Davis, Chief Marketing & Communications Officer of Live Oak Bancshares, reported transactions involving Live Oak Bancshares' voting common stock and restricted stock units (RSUs).
- 2,003 RSUs vested, resulting in the acquisition of 2,003 shares of voting common stock.
- 997 shares were disposed of at a price of $35.08.
- Following these transactions, Davis directly owns 44,870 shares of voting common stock.
- Davis also holds various RSUs that vest over time, as well as an employee stock option for 6,498 shares exercisable at $17.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Future Outlook
The reporting person holds additional RSUs that will vest in the future, subject to continued service with the company.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, providing transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a key executive, contributing to transparency.
Key Dates
| Date | Description |
|---|---|
| 07/22/2016 | Start date for vesting of employee stock option. |
| 02/12/2024 | 2,002 of the RSUs vested. |
| 02/14/2024 | 948 of the RSUs will vest. |
| 02/22/2024 | 1,000 of the RSUs will vest. |
| 02/10/2025 | Date of reported transactions; 2,003 RSUs vested. |
| 02/12/2025 | The RSUs vest in five pro rata annual installments beginning on this date. |
| 02/13/2024 | The RSUs vest in five pro rata annual installments beginning on this date. |
| 02/14/2025 | 948 of the RSUs will vest. |
| 02/22/2025 | 1,000 of the RSUs will vest. |
| 07/22/2025 | Expiration date for employee stock option. |
| 02/10/2026 | RSUs vest in five equal annual installments beginning on this date. |
| 02/14/2026 | 948 of the RSUs will vest. |
| 02/22/2026 | 1,000 of the RSUs will vest. |
| 02/14/2027 | 948 of the RSUs will vest. |
Keywords
Live Oak Bancshares, LOB, Form 4, Insider Trading, Micah S. Davis, Restricted Stock Units, Voting Common Stock, Stock Options, Vesting
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