Live Oak Bancshares director granted 2,486 RSUs

Cameron William Henderson reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Cameron William Henderson reported acquisition or exercise transactions in this Form 4 filing.

Live Oak Bancshares, Inc. director Cameron William Henderson reported updated holdings and a new equity award. On May 19, 2026, he received 2,486 restricted stock units, each representing a right to one share of voting common stock, vesting on May 1, 2027. The filing also shows 207,490 shares of voting common stock held indirectly through the William H. Cameron Revocable Trust, 470 shares held indirectly through a GST-exempt trust, and 16,904 shares held directly. A footnote explains that on May 5, 2026, 2,946 shares were transferred from direct ownership to the revocable trust.

Insider Trade Summary

Grant/Award: 2,486 shares

Grant/Award 4 txns

Insider Cameron William Henderson

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	2,486	$0.00	$0.00
holding	Voting Common Stock	--	--	--
holding	Voting Common Stock	--	--	--
holding	Voting Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 2,486 contracts (Direct); Voting Common Stock — 16,904 shares (Direct); Voting Common Stock — 470 shares (Indirect, By GST-Exempt Trust); Voting Common Stock — 207,490 shares (Indirect, By William H. Cameron Revocable Trust)

Footnotes (3)

1. F1. On May 5, 2026, the reporting person transferred 2,946 shares of voting common stock to his revocable trust. These shares were previously reported as directly beneficially owned.
2. F2. Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
3. F3. The restricted stock units vest on May 1, 2027.

Key Figures

RSU grant: 2,486 units RSU vesting date: May 1, 2027 Indirect trust holding: 207,490 shares +3 more

6 metrics

RSU grant 2,486 units Restricted stock units granted on May 19, 2026

RSU vesting date May 1, 2027 Vesting date for 2,486 restricted stock units

Indirect trust holding 207,490 shares Voting common stock via William H. Cameron Revocable Trust

Indirect GST trust holding 470 shares Voting common stock via GST-Exempt Trust

Direct holding 16,904 shares Voting common stock held directly following transactions

Shares transferred to trust 2,946 shares Voting common stock moved to revocable trust on May 5, 2026

Key Terms

Restricted Stock Units, Revocable Trust, GST-Exempt Trust, contingent right

4 terms

Restricted Stock Units financial

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

Revocable Trust financial

"On May 5, 2026, the reporting person transferred 2,946 shares of voting common stock to his revocable trust."

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

GST-Exempt Trust financial

"nature_of_ownership: By GST-Exempt Trust"

contingent right financial

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

FAQ

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

What insider transaction did LOB director Cameron William Henderson report?

Cameron William Henderson reported receiving 2,486 restricted stock units of Live Oak Bancshares, Inc. Each unit represents one share of voting common stock, forming part of his equity-based compensation as a director and increasing his contingent future shareholdings.

When do Cameron William Henderson’s new LOB restricted stock units vest?

The 2,486 restricted stock units granted to Cameron William Henderson vest on May 1, 2027. Vesting means he will receive one share of Live Oak Bancshares voting common stock for each unit once that date is reached, subject to applicable conditions.

How many LOB shares does Cameron William Henderson hold indirectly through trusts?

The filing shows 207,490 shares of Live Oak Bancshares voting common stock held indirectly via the William H. Cameron Revocable Trust and 470 shares held indirectly through a GST-exempt trust, reflecting trust-based ownership rather than shares held directly in his own name.

What direct LOB share holdings does Cameron William Henderson report?

Cameron William Henderson reports holding 16,904 shares of Live Oak Bancshares voting common stock directly. This direct position is separate from shares held via the William H. Cameron Revocable Trust and the GST-exempt trust, which are reported as indirect beneficial ownership positions.

What does the Form 4 say about a recent transfer of LOB shares to a trust?

A footnote states that on May 5, 2026, Cameron William Henderson transferred 2,946 shares of Live Oak Bancshares voting common stock to his revocable trust. These shares had previously been reported as directly beneficially owned before being moved into the trust structure.

What does each LOB restricted stock unit granted to Henderson represent?

Each restricted stock unit granted to Cameron William Henderson represents a contingent right to receive one share of Live Oak Bancshares voting common stock. The units convert into actual shares only upon vesting, which for this grant occurs on May 1, 2027.

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

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Accepted by SEC EDGAR 05/21/2026 - 08:04 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^*

Cameron William Henderson

(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)
05/19/2026

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								16,904(1)	D
Voting Common Stock								470	I	By GST-Exempt Trust
Voting Common Stock								207,490(1)	I	By William H. Cameron Revocable Trust

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	(2)	05/19/2026		A		2,486		(3)	(3)	Voting Common Stock	2,486	$0	2,486	D

Explanation of Responses:

1. On May 5, 2026, the reporting person transferred 2,946 shares of voting common stock to his revocable trust. These shares were previously reported as directly beneficially owned.

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

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

Remarks:

	/s/ Jonathan A. Greene, By Power of Attorney	05/21/2026
	** 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)