[Form 3] Live Oak Bancshares, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. (LOB) Form 3 discloses that Jeffrey W. Lunsford holds 10,750 shares of Voting Common Stock as a direct beneficial owner and is reported as a Director of the issuer. This filing is an initial statement of beneficial ownership indicating the director's equity stake and the reporting person filed individually.

Positive

• Director status disclosed, clarifying the reporting person’s relationship to the issuer
• Direct beneficial ownership of 10,750 Voting Common Stock shares is clearly reported

Negative

• None.

Insights

Securities Analyst

TL;DR: Director Jeffrey W. Lunsford reports direct ownership of 10,750 voting shares; a routine initial disclosure with limited market impact.

This Form 3 is a standard initial Section 16 filing that documents the starting position of an insider. The disclosed 10,750 shares establishes an ownership baseline but, standing alone, is unlikely to be material to valuation or trading liquidity for most investors. No derivative positions or indirect holdings are reported, simplifying the ownership picture.

Corporate Governance Expert

TL;DR: The filing confirms insider equity alignment through direct share ownership; it is procedural and non-eventful absent further transactions.

From a governance standpoint, the document shows the named individual is a Director and beneficially owns common stock directly. The disclosure meets Section 16 initial-reporting requirements and provides transparency on the director's equity stake. There are no reported options, warrants, or indirect holdings to complicate the ownership structure.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Lunsford Jeffrey W

(Last) (First) (Middle)

1741 TIBURON DRIVE

(Street)

WILMINGTON NC 28403

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/12/2025

3. Issuer Name and Ticker or Trading Symbol
Live Oak Bancshares, Inc. [ LOB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Voting Common Stock	10,750	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Jonathan A. Greene, By Power of Attorney	08/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 3 for LOB disclose about Jeffrey W. Lunsford?

The Form 3 discloses that Jeffrey W. Lunsford is a Director and directly beneficially owns 10,750 shares of Voting Common Stock.

Does the filing report any derivative or indirect holdings for LOB by the reporting person?

No. The filing shows no derivative securities and lists the ownership form as Direct (D) with no indirect holdings.

Is this an initial disclosure or an amendment for the LOB filing?

This document is an initial statement of beneficial ownership (Form 3), filed by one reporting person.

Was the Form 3 filed jointly with other reporting persons for LOB?

No. The filing indicates it was filed by one reporting person, not by more than one reporting person.