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

Rhea-AI Filing Summary

Live Oak Bancshares insider filing by Renato Derraik reports transactions dated 08/11/2025. The filing shows an acquisition of 25,000 restricted stock units (RSUs) and a separate disposition of 11,111 shares at $31.83. The Form 4 lists resulting beneficial ownership figures of 75,535 shares on the acquisition line and 64,424 shares on the disposition line, and identifies the reporting person as Renato Derraik, Chief Information/Digital Officer. The RSUs are described as contingent rights to one share each and vest in five equal annual installments with start dates of Aug 10, 2022, Feb 14, 2023, Feb 13, 2024, Feb 12, 2025, and Feb 10, 2026, subject to continued service. The filing is signed by Jonathan A. Greene by Power of Attorney on 08/13/2025.

Insights

Securities Analyst

TL;DR: Routine insider RSU grant and partial share sale reported; ownership levels remain material but disclosure appears standard.

The filing documents a contemporaneous grant of 25,000 RSUs and a sale of 11,111 common shares at $31.83 on 08/11/2025. Reported beneficial ownership figures are 75,535 and 64,424 on the respective lines, indicating continued meaningful equity exposure. The RSU vesting schedules are explicit and extend through 2026, which ties compensation to multi-year service. From a market-impact perspective, these are routine Section 16 disclosures; they inform ownership and potential future dilution but do not by themselves provide operational or earnings information.

Corporate Governance Expert

TL;DR: Compensation via multi-year RSUs aligns officer incentives; filing shows standard vesting terms and proper POA signature.

The RSUs are defined as contingent rights to receive one share each with clear five-year installment vesting starting on specified dates in 2022–2026, conditioned on continued service. The presence of a Power of Attorney signature dated 08/13/2025 indicates authorized filing submission. These elements reflect routine governance and disclosure practices for executive equity awards and insider transactions without indicating atypical governance risks in the filing text itself.

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

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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^*

Derraik Renato

(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 Info./Digital Off., Bank

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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	08/11/2025		M		25,000	A	(1)	75,535	D
Voting Common Stock	08/11/2025		F		11,111	D	$31.83	64,424	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)	08/11/2025		M			25,000	(2)	(2)	Voting Common Stock	25,000	$0	25,000	D
Restricted Stock Units	(1)							(3)	(3)	Voting Common Stock	3,160		3,160	D
Restricted Stock Units	(1)							(4)	(4)	Voting Common Stock	53,769		53,769	D
Restricted Stock Units	(1)							(5)	(5)	Voting Common Stock	17,025		17,025	D
Restricted Stock Units	(1)							(6)	(6)	Voting Common Stock	15,678		15,678	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 August 10, 2022, 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 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 13, 2024, 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 installments beginning on February 12, 2025, 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 10, 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	08/13/2025
	** 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).
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