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and 25% of the shares subject to the option vest on each of February 20, 2021 and 2022."}],"balance_after":5001,"derivative":{"exercise_price":10.63,"expiration_date":"2025-02-20","underlying":"Voting Common Stock","underlying_shares":14999},"source":{"system":"sec-edgar","filing":"0001209191-21-064297","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121064297/doc4.xml","form_type":"4"}},{"id":2514951,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Employee Stock Option (right to buy)","published_at":"2021-11-12T22:50:06.000Z","date":"2021-11-10","kind":"exercise","acquired":false,"shares":21500,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"The shares subject to this option vested and became exercisable yearly in seven installments beginning on March 26, 2015, as follows: 10% of the shares subject to the option vested on each of March 26, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vested on each of March 26, 2020 and 2021."}],"balance_after":0,"derivative":{"exercise_price":4.4,"expiration_date":"2024-03-26","underlying":"Voting Common Stock","underlying_shares":21500},"source":{"system":"sec-edgar","filing":"0001209191-21-064297","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121064297/doc4.xml","form_type":"4"}},{"id":2514950,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Voting Common Stock","published_at":"2021-11-12T22:50:06.000Z","date":"2021-11-11","kind":"sale","acquired":false,"shares":2199,"price":94.2654,"value":207289.6146,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F5","text":"This transaction was executed in multiple trades at prices ranging from $94.105 to $94.53. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected."}],"balance_after":166966.978,"source":{"system":"sec-edgar","filing":"0001209191-21-064297","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121064297/doc4.xml","form_type":"4"}},{"id":2514949,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Voting Common Stock","published_at":"2021-11-12T22:50:06.000Z","date":"2021-11-11","kind":"sale","acquired":false,"shares":17801,"price":93.7094,"value":1668121.0294,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F4","text":"This transaction was executed in multiple trades at prices ranging from $93.11 to $94.10. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected."}],"balance_after":169165.978,"source":{"system":"sec-edgar","filing":"0001209191-21-064297","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121064297/doc4.xml","form_type":"4"}},{"id":2514948,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Voting Common Stock","published_at":"2021-11-12T22:50:06.000Z","date":"2021-11-10","kind":"tax_withholding","acquired":false,"shares":7805,"price":93.89,"value":732811.45,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F3","text":"Reflects the exercise of a Company employee stock option for a total of 22,498 shares by means of a stock swap. See Note 1 for additional information."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Reflects the exercise of a Company employee stock option for a total of 22,498 shares by means of a stock swap. See Note 1 for additional information."}],"balance_after":186966.978,"source":{"system":"sec-edgar","filing":"0001209191-21-064297","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121064297/doc4.xml","form_type":"4"}},{"id":2514947,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Voting Common Stock","published_at":"2021-11-12T22:50:06.000Z","date":"2021-11-10","kind":"exercise","acquired":true,"shares":22498,"price":17,"value":382466.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F3","text":"Reflects the exercise of a Company employee stock option for a total of 22,498 shares by means of a stock swap. See Note 1 for additional information."}],"balance_after":194771.978,"source":{"system":"sec-edgar","filing":"0001209191-21-064297","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121064297/doc4.xml","form_type":"4"}},{"id":2514946,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Voting Common Stock","published_at":"2021-11-12T22:50:06.000Z","date":"2021-11-10","kind":"tax_withholding","acquired":false,"shares":2595,"price":93.89,"value":243644.55,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F2","text":"Reflects the exercise of a Company employee stock option for a total of 14,999 shares by means of a stock swap. See Note 1 for additional information."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"Reflects the exercise of a Company employee stock option for a total of 14,999 shares by means of a stock swap. See Note 1 for additional information."}],"balance_after":172273.978,"source":{"system":"sec-edgar","filing":"0001209191-21-064297","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121064297/doc4.xml","form_type":"4"}},{"id":2514945,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Voting Common Stock","published_at":"2021-11-12T22:50:06.000Z","date":"2021-11-10","kind":"exercise","acquired":true,"shares":14999,"price":10.63,"value":159439.37,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F2","text":"Reflects the exercise of a Company employee stock option for a total of 14,999 shares by means of a stock swap. See Note 1 for additional information."}],"balance_after":174868.978,"source":{"system":"sec-edgar","filing":"0001209191-21-064297","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121064297/doc4.xml","form_type":"4"}},{"id":2514944,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Voting Common Stock","published_at":"2021-11-12T22:50:06.000Z","date":"2021-11-10","kind":"tax_withholding","acquired":false,"shares":1006,"price":93.89,"value":94453.34,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Reflects the exercise of a Live Oak Bancshares, Inc. (the \"Company\") employee stock option for a total of 21,500 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder relinquishes enough shares of stock to cover the exercise price of the option being exercised and any applicable related withholding taxes. The price of $93.89 in column 4 is the closing price of the Company's voting common stock as of November 10, 2021."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Reflects the exercise of a Live Oak Bancshares, Inc. (the \"Company\") employee stock option for a total of 21,500 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder relinquishes enough shares of stock to cover the exercise price of the option being exercised and any applicable related withholding taxes. The price of $93.89 in column 4 is the closing price of the Company's voting common stock as of November 10, 2021."}],"balance_after":159869.978,"source":{"system":"sec-edgar","filing":"0001209191-21-064297","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121064297/doc4.xml","form_type":"4"}},{"id":2514943,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Voting Common Stock","published_at":"2021-11-12T22:50:06.000Z","date":"2021-11-10","kind":"exercise","acquired":true,"shares":21500,"price":4.4,"value":94600.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Reflects the exercise of a Live Oak Bancshares, Inc. (the \"Company\") employee stock option for a total of 21,500 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder relinquishes enough shares of stock to cover the exercise price of the option being exercised and any applicable related withholding taxes. 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The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected."}],"balance_after":139375.978,"source":{"system":"sec-edgar","filing":"0001209191-21-055027","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121055027/doc4.xml","form_type":"4"}},{"id":2577159,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Voting Common Stock","published_at":"2021-09-07T21:16:25.000Z","date":"2021-09-02","kind":"sale","acquired":false,"shares":10855,"price":61.5507,"value":668132.8485,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"This transaction was executed in multiple trades at prices ranging from $61.00 to $61.98. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected."}],"balance_after":143134.978,"source":{"system":"sec-edgar","filing":"0001209191-21-055027","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121055027/doc4.xml","form_type":"4"}},{"id":2577158,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Voting Common Stock","published_at":"2021-09-07T21:16:25.000Z","date":"2021-09-02","kind":"sale","acquired":false,"shares":10386,"price":60.4751,"value":628094.3886,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"This transaction was executed in multiple trades at prices ranging from $60.00 to $60.975. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected."}],"balance_after":153989.978,"source":{"system":"sec-edgar","filing":"0001209191-21-055027","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1462120/000120919121055027/doc4.xml","form_type":"4"}},{"id":2752876,"issuer":{"id":2023,"kind":"organization","name":"Live Oak Bancshares, Inc.","symbol":"LOB"},"owners":[{"id":93891,"kind":"person","name":"Smits Steve","position":1,"cik":"0001648958","reported_name":"Smits Steve","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Credit Officer"}}],"security":"Performance Restricted Stock Units","published_at":"2021-04-08T21:34:22.000Z","date":"2021-04-06","kind":"exercise","acquired":false,"shares":10000,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"Each performance restricted stock unit (\"PRSU\") represents a contingent right to receive one share of Live Oak Bancshares, Inc. 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