Live Oak Bancshares (LOB) CBO gets 8,982 RSUs, converts some

Rhea-AI Filing Summary

Live Oak Bancshares Chief Banking Officer Mark Michael Moroz received an award of 8,982 restricted stock units (RSUs) on February 9, 2026. Each RSU represents a contingent right to one share of voting common stock and vests in five equal annual installments beginning February 9, 2027, subject to continued service.

On February 10, 2026, Moroz exercised 1,852 RSUs into voting common stock at $0 per share and had 824 shares of common stock withheld at $41.04 per share to satisfy tax obligations. Following these transactions he directly owned 9,906 shares of voting common stock and held several additional RSU awards scheduled to vest between December 9, 2025 and May 19, 2026, as well as the new grant beginning February 9, 2027, all subject to his continued service.

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
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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^*

Moroz Mark Michael

(Last) (First) (Middle)

1741 TIBURON DRIVE

(Street)

WILMINGTON NC 28403

(City) (State) (Zip)

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)
	Chief Banking Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. 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 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	02/10/2026		M		1,852	A	(1)	10,730	D
Voting Common Stock	02/10/2026		F		824	D	$41.04	9,906	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)	02/09/2026		A		8,982		(2)	(2)	Voting Common Stock	8,982	$0	8,982	D
Restricted Stock Units	(1)	02/10/2026		M			1,852	(3)	(3)	Voting Common Stock	1,852	$0	7,412	D
Restricted Stock Units	(1)							(4)	(4)	Voting Common Stock	5,659		5,659	D
Restricted Stock Units	(1)							(5)	(5)	Voting Common Stock	3,160		3,160	D
Restricted Stock Units	(1)							(6)	(6)	Voting Common Stock	4,000		4,000	D
Restricted Stock Units	(1)							(7)	(7)	Voting Common Stock	35,587		35,587	D

Explanation of Responses:

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

2. 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.

3. 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.

4. 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.

5. 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.

6. The RSUs will vest on February 22, 2026, 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 May 19, 2026, 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	02/11/2026
	** 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.

FAQ

What insider transactions did Mark Michael Moroz report at Live Oak Bancshares (LOB)?

Mark Michael Moroz reported an RSU grant, an RSU conversion, and tax share withholding. He was granted 8,982 RSUs, converted 1,852 RSUs into common stock, and had 824 common shares withheld at $41.04 per share to cover tax obligations.

How many restricted stock units were granted to the Live Oak Bancshares Chief Banking Officer?

The Chief Banking Officer received 8,982 restricted stock units. The RSUs were granted on February 9, 2026 and each unit represents a contingent right to receive one share of Live Oak Bancshares voting common stock, subject to time-based vesting and continued service requirements.

What is the vesting schedule for Mark Michael Moroz’s new 8,982 RSU grant at LOB?

The 8,982 RSUs vest in five equal annual installments starting February 9, 2027. Vesting occurs over five years and is conditioned on Moroz’s continuous service to Live Oak Bancshares or a related entity on each applicable vesting date.

How many Live Oak Bancshares common shares does Mark Michael Moroz hold after these transactions?

After the reported transactions, Moroz directly beneficially owned 9,906 voting common shares. This followed the conversion of 1,852 RSUs into common stock and the withholding of 824 shares at $41.04 per share for tax liabilities.

What does the tax withholding transaction at $41.04 per share represent in the LOB Form 4?

The tax withholding reflects 824 common shares withheld at $41.04 per share. This transaction, coded “F”, represents payment of tax liability by delivering securities rather than an open-market sale of Live Oak Bancshares stock.

What other RSU awards does Mark Michael Moroz hold at Live Oak Bancshares?

Moroz holds several RSU awards totaling multiple blocks of units. Reported holdings include awards of 5,659, 3,160, 4,000, and 35,587 RSUs, each with vesting schedules beginning between December 9, 2025 and May 19, 2026, subject to continued service.