Form 4: Live Oak Bancshares General Counsel Gregory W. Seward Reports Stock Transactions

Gregory W. Seward, General Counsel of Live Oak Bancshares, Inc., reports the vesting and disposition of restricted stock units and common stock transactions.

Summary

• On February 10, 2025, Gregory W. Seward, General Counsel of Live Oak Bancshares, Inc., engaged in transactions involving the company's voting common stock and restricted stock units (RSUs).
• Seward acquired 2,003 shares of voting common stock upon the vesting of RSUs.
• He also disposed of 997 shares of voting common stock at a price of $35.08 per share.
• Following these transactions, Seward directly owns 86,888 shares of Live Oak Bancshares voting common stock.
• He also holds 9,264 unvested RSUs, which vest in annual installments beginning on February 10, 2026.
• Additionally, Seward holds other RSUs that vest on various dates in the future, as well as an option to buy 13,500 shares of voting common stock at $14.55, which became fully exercisable on November 19, 2022.

Sentiment

Score: 5

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

Future Outlook

The reporting person holds unvested RSUs that will vest in future annual installments, indicating continued equity-based compensation.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly diluting the stock.

Key Dates

Keywords

Live Oak Bancshares, LOB, Form 4, Insider Trading, Gregory W. Seward, Restricted Stock Units, Voting Common Stock, General Counsel, Stock Options, Beneficial Ownership