Live Oak Bancshares counsel sells 5,000 shares

The sales were made under a Rule 10b5-1 plan adopted on February 27, 2026.

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. General Counsel Gregory W. Seward sold 4,514 shares at a weighted average price of $35.2602 per share and 486 shares at a weighted average price of $35.7734 per share on October 26, 2026. The sales were effected under a Rule 10b5-1 trading plan adopted on February 27, 2026. Seward's reported direct RSU positions represent 2,370, 23,898, 8,262, 7,412 and 8,383 underlying common shares. Each RSU represents a contingent right to one share; the related five-equal-installment vesting schedules begin on February 14, 2023, February 13, 2024, February 12, 2025, February 10, 2026 and February 9, 2027, respectively, subject to continuous service.

Insider Trade Summary 10b5-1

Net Seller: 5,000 shares

Net Sell 7 txns

Insider Seward Gregory W

Role General Counsel

Sold 5,000 shs ($177K)

Type	Security	Shares	Price	Value
Sale	Voting Common Stock F1, F2	4,514	$35.2602	$159K
Sale	Voting Common Stock F1, F3	486	$35.7734	$17K
holding	Restricted Stock Units F4, F5	--	--	--
holding	Restricted Stock Units F4, F6	--	--	--
holding	Restricted Stock Units F4, F7	--	--	--
holding	Restricted Stock Units F4, F8	--	--	--
holding	Restricted Stock Units F4, F9	--	--	--

Holdings After Transaction: Voting Common Stock — 108,797 shares (Direct); Restricted Stock Units — 50,325 contracts (Direct)

Footnotes (9)

1. F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
2. F2. This transaction was executed in multiple trades at prices ranging from $34.67 to $35.58. 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.
3. F3. This transaction was executed in multiple trades at prices ranging from $35.73 to $35.82. 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.
4. F4. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
5. F5. The RSUs vest in five equal annual installments beginning on February 14, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
6. F6. The RSUs vest in five equal annual installments beginning on February 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
7. F7. The RSUs vest in five equal annual installments beginning on February 12, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
8. F8. 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.
9. F9. 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: 4,514 shares Weighted average sale price: $35.2602 per share Shares sold: 486 shares +2 more

5 metrics

Shares sold 4,514 shares October 26, 2026

Weighted average sale price $35.2602 per share 4,514-share sale on October 26, 2026; executions ranged from $34.67 to $35.58

Shares sold 486 shares October 26, 2026

Weighted average sale price $35.7734 per share 486-share sale on October 26, 2026; executions ranged from $35.73 to $35.82

Underlying shares represented by five direct RSU positions 2,370; 23,898; 8,262; 7,412; and 8,383 shares Five equal annual installments begin on February 14, 2023; February 13, 2024; February 12, 2025; February 10, 2026; and February 9, 2027, respectively

Key Terms

Rule 10b5-1 trading plan, weighted average price, restricted stock unit, five equal annual installments

4 terms

Rule 10b5-1 trading plan financial

"effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"Column 4 is a weighted average price"

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.

restricted stock unit financial

"Each restricted stock unit ("RSU") represents a contingent right"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

five equal annual installments financial

"vest in five equal annual installments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many LOB shares did Gregory W. Seward sell, and at what prices?

On October 26, 2026, General Counsel Gregory W. Seward sold 4,514 shares at a weighted average of $35.2602 per share and 486 shares at a weighted average of $35.7734 per share. The sales were made under a Rule 10b5-1 trading plan adopted on February 27, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/28/2026 - 04:24 PM EDT Accepted by SEC EDGAR 10/28/2026 - 04:23 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Seward Gregory W

(Last) (First) (Middle)

1741 TIBURON DRIVE

(Street)

WILMINGTON NORTH CAROLINA 28403

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/26/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Voting Common Stock	10/26/2026		S(1)		4,514	D	$35.2602(2)	109,283	D
Voting Common Stock	10/26/2026		S(1)		486	D	$35.7734(3)	108,797	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(4)							(5)	(5)	Voting Common Stock	2,370		2,370	D
Restricted Stock Units	(4)							(6)	(6)	Voting Common Stock	23,898		23,898	D
Restricted Stock Units	(4)							(7)	(7)	Voting Common Stock	8,262		8,262	D
Restricted Stock Units	(4)							(8)	(8)	Voting Common Stock	7,412		7,412	D
Restricted Stock Units	(4)							(9)	(9)	Voting Common Stock	8,383		8,383	D

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.

2. This transaction was executed in multiple trades at prices ranging from $34.67 to $35.58. 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.

3. This transaction was executed in multiple trades at prices ranging from $35.73 to $35.82. 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.

4. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

5. The RSUs vest in five equal annual installments beginning on February 14, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.

6. The RSUs vest in five equal annual installments beginning on February 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.

7. The RSUs vest in five equal annual installments beginning on February 12, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.

8. 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.

9. 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.

Remarks:

	/s/ Jonathan A. Greene, by Power of Attorney	10/28/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)