Live Oak Bancshares officer sells 75K shares

Live Oak Bancshares, Inc. chief information and digital officer Renato Derraik reported an open-market sale of 75,000 shares of voting common stock on April 30, 2026.

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. chief information and digital officer Renato Derraik reported an open-market sale of 75,000 shares of voting common stock on April 30, 2026. The shares were sold at a weighted average price of $37.828, with individual trades between $37.51 and $38.095.

Following the sale, Derraik directly holds 4,243 shares of voting common stock. He also holds several restricted stock unit awards, each representing a contingent right to receive one share of voting common stock and vesting in five equal annual installments beginning on various February and August dates between 2022 and 2027, subject to continued service.

Insider Trade Summary

Net Seller: 75,000 shares

Net Sell 7 txns

Insider Derraik Renato

Role Chief Info./Digital Off., Bank

Sold 75,000 shs ($2.84M)

Type	Security	Shares	Price	Value
Sale	Voting Common Stock	75,000	$37.828	$2.84M
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Voting Common Stock — 4,243 shares (Direct); Restricted Stock Units — 100,911 contracts (Direct)

Footnotes (8)

1. F1. This transaction was executed in multiple trades at prices ranging from $37.51 to $38.095. 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.
2. F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
3. F3. 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.
4. F4. 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.
5. F5. 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.
6. F6. 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.
7. F7. 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.
8. F8. The RSUs vest in five equal annual installments beginning on August 10, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.

Key Figures

Shares sold: 75,000 shares Weighted average sale price: $37.828/share Sale price range: $37.51–$38.095/share +3 more

6 metrics

Shares sold 75,000 shares Voting common stock sold on April 30, 2026

Weighted average sale price $37.828/share Open-market sale of 75,000 shares

Sale price range $37.51–$38.095/share Multiple trades comprising the 75,000-share sale

Shares held after sale 4,243 shares Direct voting common stock ownership post-transaction

Largest RSU grant 35,846 underlying shares Restricted stock units, vesting over five years from February 9, 2027

Other RSU grants 1,580–25,000 underlying shares Additional RSU awards with five-year annual vesting from 2022–2026

Key Terms

Restricted Stock Units, voting common stock, weighted average price, vest in five equal annual installments, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one share..."

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

"one share of Live Oak Bancshares, Inc. (the "Company") voting common stock."

weighted average price financial

"The price reported in 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.

vest in five equal annual installments financial

"The RSUs vest in five equal annual installments beginning on February 14, 2023..."

contingent right financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one share..."

FAQ

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

What insider transaction did LOB executive Renato Derraik report?

Renato Derraik reported selling 75,000 shares of Live Oak Bancshares voting common stock. The open-market sale occurred on April 30, 2026 at a weighted average price of $37.828 per share, as disclosed in the Form 4 filing.

At what price did the LOB insider sell the 75,000 shares?

The 75,000 Live Oak Bancshares shares were sold at a weighted average price of $37.828. According to the filing, the individual trades were executed in multiple transactions at prices ranging from $37.51 to $38.095 per share.

How many Live Oak Bancshares shares does the insider hold after the sale?

After the sale, the insider directly holds 4,243 shares of voting common stock. In addition, he holds multiple restricted stock unit awards that can each convert into one share of voting common stock as they vest over time.

What role does the reporting person hold at Live Oak Bancshares (LOB)?

The reporting person, Renato Derraik, serves as Chief Information and Digital Officer of the bank. His title in the filing is “Chief Info./Digital Off., Bank,” indicating a senior technology and digital leadership role at Live Oak Bancshares.

How are the LOB restricted stock units (RSUs) structured for this insider?

Each restricted stock unit represents a contingent right to receive one share of voting common stock. The RSUs vest in five equal annual installments, with different grants beginning to vest on specific February and August dates from 2022 through 2027.

Were the 75,000 LOB shares sold in a single trade or multiple trades?

The 75,000 shares were sold through multiple trades, not a single transaction. The filing notes execution across a price range of $37.51 to $38.095, with the disclosed $37.828 representing a weighted average sale price.

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

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Accepted by SEC EDGAR 05/04/2026 - 05:58 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^*

Derraik Renato

(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)
	Chief Info./Digital Off., Bank

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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	04/30/2026		S		75,000	D	$37.828(1)	4,243	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	(2)							(3)	(3)	Voting Common Stock	1,580		1,580	D
Restricted Stock Units	(2)							(4)	(4)	Voting Common Stock	12,769		12,769	D
Restricted Stock Units	(2)							(5)	(5)	Voting Common Stock	35,846		35,846	D
Restricted Stock Units	(2)							(6)	(6)	Voting Common Stock	13,173		13,173	D
Restricted Stock Units	(2)							(7)	(7)	Voting Common Stock	12,543		12,543	D
Restricted Stock Units	(2)							(8)	(8)	Voting Common Stock	25,000		25,000	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $37.51 to $38.095. 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.

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

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. The RSUs vest in five equal annual installments beginning on August 10, 2022, 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	05/04/2026
	** 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)