Live Oak Bancshares (LOB) General Counsel reports stock gifts and RSU vesting

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. reported insider equity activity by its General Counsel. The filing shows two transactions in voting common stock coded as "G," indicating gifts on November 26, 2025 and November 28, 2025, each at a price of $0. After these gifts, the reporting person directly beneficially owned 105,876 shares of voting common stock.

The filing also details multiple grants of restricted stock units (RSUs), each representing the right to receive one share of Live Oak Bancshares voting common stock. These RSUs vest in five equal annual installments beginning on dates in February of 2022, 2023, 2024, 2025, and 2026, as long as the General Counsel continues to serve the company or a related entity on the applicable vesting 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^*

Seward Gregory W

(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)
	General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
11/26/2025

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	11/26/2025		G		100	D	$0	106,026	D
Voting Common Stock	11/28/2025		G		150	D	$0	105,876	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)							(2)	(2)	Voting Common Stock	1,000		1,000	D
Restricted Stock Units	(1)							(3)	(3)	Voting Common Stock	4,740		4,740	D
Restricted Stock Units	(1)							(4)	(4)	Voting Common Stock	35,846		35,846	D
Restricted Stock Units	(1)							(5)	(5)	Voting Common Stock	11,016		11,016	D
Restricted Stock Units	(1)							(6)	(6)	Voting Common Stock	9,264		9,264	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 February 22, 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 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.

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	12/01/2025
	** 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).
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.

FAQ

What insider transaction was reported for Live Oak Bancshares (LOB)?

The General Counsel of Live Oak Bancshares, Inc. reported two transactions in voting common stock, both coded as "G" for gift, on November 26, 2025 and November 28, 2025, each at a price of $0.

How many Live Oak Bancshares (LOB) shares does the reporting person own after the transactions?

Following the reported gift transactions, the General Counsel directly beneficially owned 105,876 shares of Live Oak Bancshares voting common stock.

What is the reporting person’s role at Live Oak Bancshares (LOB)?

The reporting person is an officer of Live Oak Bancshares, Inc., serving as General Counsel.

What do the restricted stock units (RSUs) in the Live Oak Bancshares (LOB) filing represent?

Each restricted stock unit (RSU) represents a contingent right to receive one share of Live Oak Bancshares voting common stock, as described in the filing.

How do the RSUs for Live Oak Bancshares (LOB) vest for the General Counsel?

The RSUs vest in five equal annual installments beginning on specific dates in February 2022, 2023, 2024, 2025, and 2026, subject to the General Counsel’s continuous service to the company or a related entity on each vesting date.

Does this Live Oak Bancshares (LOB) Form 4 involve derivative securities?

Yes. The filing lists several grants of restricted stock units as derivative securities, each tied to a stated number of underlying shares of Live Oak Bancshares voting common stock.