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Live Oak Bancshares (LOB) director receives 2,486 restricted stock units award

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Filing Sentiment
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Form Type
4

Rhea-AI Filing Summary

Bradford Tonya Williams reported acquisition or exercise transactions in this Form 4 filing.

Live Oak Bancshares director Tonya Bradford Williams received a new equity award. On May 19, 2026, she was granted 2,486 restricted stock units, each representing a contingent right to receive one share of Live Oak Bancshares voting common stock. These RSUs vest on May 1, 2027. Following the transactions reported, she holds 9,643 shares of voting common stock directly and 2,486 RSUs.

Positive

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Negative

  • None.
Insider Bradford Tonya Williams
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 — 9,643 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 May 19, 2026
RSU vesting date May 1, 2027 Vesting date for 2,486 RSUs
Common shares held 9,643 shares Voting common stock held directly after reported transactions
RSUs outstanding 2,486 units Restricted stock units held after grant
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."
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*
Bradford Tonya Williams
(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 Stock9,643D
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 transaction did Live Oak Bancshares (LOB) report for Tonya Bradford Williams?

Live Oak Bancshares reported that director Tonya Bradford Williams received a grant of 2,486 restricted stock units. Each unit represents a contingent right to one share of voting common stock, providing additional equity-based compensation tied to the company’s future performance.

How many restricted stock units did the LOB director receive in this Form 4 filing?

The director received 2,486 restricted stock units. These RSUs are a form of stock-based compensation that convert into shares of voting common stock once vesting conditions are met, aligning the director’s interests with long-term shareholder value.

When do Tonya Bradford Williams’ restricted stock units in Live Oak Bancshares vest?

The restricted stock units vest on May 1, 2027. Vesting means the units will then convert into shares of Live Oak Bancshares voting common stock, assuming continued service and satisfaction of any applicable award conditions through that date.

What does each restricted stock unit granted by Live Oak Bancshares represent?

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares voting common stock. The rights become actual shares only when vesting occurs under the award’s terms, creating a direct equity stake for the director.

How many Live Oak Bancshares shares does the director hold after this Form 4 transaction?

After the reported transactions, the director holds 9,643 shares of Live Oak Bancshares voting common stock directly. She also holds 2,486 restricted stock units that will convert into additional shares upon vesting on May 1, 2027.