Live Oak (LOB) director gifts 3,000 shares; owns 15,677 post-gift

Live Oak Bancshares (LOB) director reported a bona fide gift of 3,000 shares of voting common stock on 10/29/2025 (Code G).

Rhea-AI Filing Summary

Live Oak Bancshares (LOB) director reported a bona fide gift of 3,000 shares of voting common stock on 10/29/2025 (Code G). Following the transaction, the reporting person beneficially owns 15,677 common shares directly.

The filing also lists 4,000 depositary shares, each representing a 1/40th interest in the Company’s 8.375% Series A Preferred Stock with a $1,000 liquidation preference per preferred share ($25 per depositary share), and 2,946 restricted stock units tied to voting common stock that vest on May 1, 2026.

Insider Trade Summary

3,000 shares gifted

Gift 3 txns

Insider LUCHT DAVID G

Role Director

Type	Security	Shares	Price	Value
Gift	Voting Common Stock	3,000	$0.00	$0.00
holding	Restricted Stock Units	--	--	--
holding	Depositary Shares	--	--	--

Holdings After Transaction: Voting Common Stock — 15,677 shares (Direct); Restricted Stock Units — 2,946 contracts (Direct); Depositary Shares — 4,000 shares (Direct)

Footnotes (3)

1. F1. Each depositary share represents a 1/40th interest in a share of Live Oak Bancshares, Inc. (the "Company") 8.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, no par value per share with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share) (the "Series A Preferred Stock"). Each depositary share entitles the holder to a proportional fractional interest in all rights and preferences of the Series A Preferred Stock (including dividend, redemption, and liquidation rights).
2. F2. Each restricted stock unit represents a contingent right to receive one share of the Company's voting common stock.
3. F3. The restricted stock units vest on May 1, 2026.

FAQ

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

What did Live Oak Bancshares (LOB) disclose in this Form 4?

A director reported a gift of 3,000 shares of voting common stock on 10/29/2025 (Code G).

How many LOB common shares does the reporting person own after the transaction?

The reporting person beneficially owns 15,677 common shares directly after the reported gift.

What preferred-related holdings are noted for LOB?

The filing lists 4,000 depositary shares, each representing a 1/40th interest in 8.375% Series A Preferred Stock with a $1,000 liquidation preference per preferred share ($25 per depositary share).

What RSUs are reported for LOB and when do they vest?

There are 2,946 restricted stock units for voting common stock that vest on May 1, 2026.

What does transaction code G mean in the LOB Form 4?

Code G indicates a bona fide gift of the issuer’s securities.

What is the relationship of the reporting person to LOB?

The reporting person is a Director of Live Oak Bancshares.

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

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Accepted by SEC EDGAR 10/30/2025 - 05:27 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^*

LUCHT DAVID G

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2025

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	10/29/2025		G		3,000	D	$0	15,677	D
Depositary Shares(1)								4,000	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	2,946		2,946	D

Explanation of Responses:

1. Each depositary share represents a 1/40th interest in a share of Live Oak Bancshares, Inc. (the "Company") 8.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, no par value per share with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share) (the "Series A Preferred Stock"). Each depositary share entitles the holder to a proportional fractional interest in all rights and preferences of the Series A Preferred Stock (including dividend, redemption, and liquidation rights).

2. Each restricted stock unit represents a contingent right to receive one share of the Company's voting common stock.

3. The restricted stock units vest on May 1, 2026.

Remarks:

	/s/ Jonathan A. Greene, By Power of Attorney	10/30/2025
	** 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.