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  4. [Form 4] Live Oak Bancshares, Inc. Insider Trading Activity

Live Oak Bancshares (LOB) director receives 2,486 restricted stock units in equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lunsford Jeffrey W reported acquisition or exercise transactions in this Form 4 filing.

Live Oak Bancshares, Inc. director Jeffrey W. Lunsford reported an equity award and his current holdings. He received 2,486 restricted stock units, each representing a contingent right to one share of Live Oak voting common stock, vesting on May 1, 2027. Following the reported positions, he holds 12,640 shares of voting common stock directly, in addition to the 2,486 restricted stock units.

Positive

  • None.

Negative

  • None.
Insider Lunsford Jeffrey W
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,486 $0.00 --
holding Voting Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 2,486 shares (Direct, null); Voting Common Stock — 12,640 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock The restricted stock units vest on May 1, 2027.
RSU grant size 2,486 units Restricted stock units granted to director on May 19, 2026
Underlying common shares for RSUs 2,486 shares Each RSU represents one share of voting common stock
RSU vesting date May 1, 2027 Vesting date for 2,486 restricted stock units
Direct common stock holdings 12,640 shares Voting common stock held directly after reported transactions
RSU grant price $0.00 per unit Grant or acquisition price for restricted stock units
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.
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"
vest financial
"The restricted stock units vest on May 1, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Lunsford Jeffrey 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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Voting Common Stock12,640D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/19/2026A2,486 (2) (2)Voting Common Stock2,486$02,486D
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 Attorney05/21/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Live Oak Bancshares (LOB) report for Jeffrey W. Lunsford?

Live Oak Bancshares reported that director Jeffrey W. Lunsford received 2,486 restricted stock units and disclosed his direct holding of 12,640 shares of voting common stock, reflecting a routine compensation-related equity grant rather than an open-market share purchase or sale.

How many restricted stock units did Lunsford receive from Live Oak Bancshares (LOB)?

Jeffrey W. Lunsford received 2,486 restricted stock units. Each unit represents a contingent right to receive one share of Live Oak Bancshares voting common stock, providing additional equity-based compensation that aligns his interests with shareholders over the vesting period.

When do Jeffrey W. Lunsford’s Live Oak Bancshares (LOB) restricted stock units vest?

The 2,486 restricted stock units granted to Jeffrey W. Lunsford vest on May 1, 2027. Vesting means he will earn the underlying Live Oak Bancshares voting common shares on that date, assuming any applicable service or other conditions are satisfied.

How many Live Oak Bancshares (LOB) common shares does Lunsford hold after this filing?

After the reported transactions, Jeffrey W. Lunsford holds 12,640 shares of Live Oak Bancshares voting common stock directly. This position is separate from the 2,486 restricted stock units, which represent additional potential shares once they vest in 2027.

Did Jeffrey W. Lunsford buy or sell Live Oak Bancshares (LOB) shares in the market?

The Form 4 does not show any open-market purchases or sales by Jeffrey W. Lunsford. It reports a grant of 2,486 restricted stock units and his direct ownership of 12,640 voting common shares, indicating compensation-related equity rather than trading activity.