Live Oak Bancshares CBO sells 6,100 shares
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. Chief Banking Officer Mark Michael Moroz reported an open-market or private sale of 6,100 shares of Voting Common Stock on July 28, 2026 at a weighted average price of $42.077 per share, with individual trade prices ranging from $42.01 to $42.18. Following the sale, he directly holds 12,110 common shares and multiple restricted stock unit awards, each representing a right to receive one share, including awards covering 1,580, 5,659 and 28,470 underlying shares that vest in multi-year annual installments beginning between December 2025 and February 2027, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,100 shares
Net Sell
7 txns
Insider
Moroz Mark Michael
Role
Chief Banking Officer
Sold
6,100 shs ($257K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock F1 | 6,100 | $42.077 | $257K |
| holding | Restricted Stock Units F2, F3 | -- | -- | -- |
| holding | Restricted Stock Units F2, F4 | -- | -- | -- |
| holding | Restricted Stock Units F2, F5 | -- | -- | -- |
| holding | Restricted Stock Units F2, F6 | -- | -- | -- |
| holding | Restricted Stock Units F2, F7 | -- | -- | -- |
| holding | Restricted Stock Units F2, F8 | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 12,110 shares (Direct);
Restricted Stock Units — 58,863 contracts (Direct)
Footnotes (8)
- F1. This transaction was executed in multiple trades at prices ranging from $42.01 to $42.18. 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 trades were effected.
- F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- F3. The RSUs vest in two equal annual installments beginning on February 14, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F4. The RSUs vest in three equal annual installments beginning on December 9, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F5. The RSUs vest in four equal annual installments beginning on February 12, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F6. The RSUs vest in five equal annual installments beginning on February 10, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F7. The RSUs vest in five equal annual installments beginning on May 19, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F8. The RSUs vest in five equal annual installments beginning on February 9, 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
Key Figures
Shares sold: 6,100 shares
Sale price: $42.077 per share
Shares held after sale: 12,110 shares
+4 more
7 metrics
Shares sold
6,100 shares
Voting Common Stock sale on July 28, 2026
Sale price
$42.077 per share
Weighted average price for 6,100-share sale; trades ranged $42.01–$42.18
Shares held after sale
12,110 shares
Direct holdings of Voting Common Stock following the July 28, 2026 transaction
RSU underlying shares
1,580 shares
RSUs vest in two equal annual installments beginning February 14, 2026
RSU underlying shares
5,659 shares
RSUs vest in three equal annual installments beginning December 9, 2025
RSU underlying shares
6,760 shares
RSUs vest in four equal annual installments beginning February 12, 2026
Largest RSU award
28,470 shares
RSUs vest in five equal annual installments beginning May 19, 2026
Key Terms
Restricted Stock Units, weighted average price, contingent right, continuous service
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of voting common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported is a weighted average price for trades executed between $42.01 and $42.18."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
continuous service financial
"The RSUs vest in equal annual installments, subject to the reporting person's continuous service to the Company."
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