Live Oak director sells 1,600 shares at $39.89

Live Oak Bancshares director reports an open-market sale of common stock and discloses a remaining RSU position vesting in 2027.

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. (LOB) director Bradford Tonya Williams reported selling 1,600 shares of Voting Common Stock on September 3, 2026 at $39.89 per share, leaving 8,043 shares held directly. Williams also holds Restricted Stock Units representing 2,486 underlying shares of voting common stock that are scheduled to vest on May 1, 2027.

Insider Trade Summary

Net Seller: 1,600 shares

Net Sell 2 txns

Insider Bradford Tonya Williams

Role Director

Sold 1,600 shs ($64K)

Type	Security	Shares	Price	Value
Sale	Voting Common Stock	1,600	$39.89	$64K
holding	Restricted Stock Units F1, F2	--	--	--

Holdings After Transaction: Voting Common Stock — 8,043 shares (Direct); Restricted Stock Units — 2,486 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
2. F2. The restricted stock units vest on May 1, 2027.

Key Figures

Shares sold: 1,600 shares Sale price per share: $39.89 per share Shares owned after transaction: 8,043 shares +2 more

5 metrics

Shares sold 1,600 shares Voting Common Stock sale reported for September 3, 2026

Sale price per share $39.89 per share Price for the 1,600 Voting Common Stock shares sold on September 3, 2026

Shares owned after transaction 8,043 shares Direct holdings of Voting Common Stock following the September 3, 2026 sale

Underlying shares from RSUs 2,486 shares Voting Common Stock underlying Restricted Stock Units held directly

RSU vesting date May 1, 2027 Scheduled vesting date of the Restricted Stock Units

Key Terms

Restricted Stock Units, voting common stock, contingent right

3 terms

Restricted Stock Units financial

"The restricted stock units vest on May 1, 2027."

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.

voting common stock financial

"Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock."

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock."

FAQ

What insider transaction did LOB director Bradford Tonya Williams report?

Bradford Tonya Williams reported a sale of 1,600 shares of Voting Common Stock on September 3, 2026 at $39.89 per share, leaving 8,043 shares of Voting Common Stock held directly afterward.

How many Live Oak Bancshares (LOB) shares does the director hold after the sale?

After the reported sale, Bradford Tonya Williams holds 8,043 shares of Live Oak Bancshares Voting Common Stock directly, according to the filing’s post-transaction ownership figure.

At what price were the Live Oak Bancshares (LOB) shares sold by the director?

The reported 1,600 shares of Live Oak Bancshares Voting Common Stock were sold at a price of $39.89 per share on September 3, 2026, characterized as a sale in an open market or private transaction.

What Restricted Stock Units does the LOB director hold after this Form 4?

Bradford Tonya Williams holds Restricted Stock Units tied to 2,486 underlying shares of Live Oak Bancshares Voting Common Stock, reported as held directly in the filing’s derivative holdings summary.

When do the LOB director’s Restricted Stock Units vest?

The filing states that the Restricted Stock Units vest on May 1, 2027. Each unit represents a contingent right to receive one share of Live Oak Bancshares voting common stock upon vesting.

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

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Available on EDGAR 09/08/2026 - 04:19 PM Accepted by SEC EDGAR 09/08/2026 - 04:18 PM 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).

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^*

Bradford Tonya Williams

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2026

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	09/03/2026		S		1,600	D	$39.89	8,043	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	(1)							(2)	(2)	Voting Common Stock	2,486		2,486	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

2. The restricted stock units vest on May 1, 2027.

Remarks:

	/s/ Jonathan A. Greene, By Power of Attorney	09/08/2026
	** 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)