Live Oak Bancshares (LOB) officer awarded 10,778 RSUs, exercises 3,135 shares

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. Chief Information/Digital Officer of the bank, Derraik Renato, reported equity compensation and related share movements. On February 9, 2026, he received 10,778 restricted stock units (RSUs), each representing one share of voting common stock, vesting in five equal annual installments beginning February 9, 2027, subject to continued service. On February 10, 2026, he exercised 3,135 RSUs into 3,135 shares of voting common stock at $0, and 1,515 shares of voting common stock were disposed of at $41.04 per share to satisfy tax withholding. After these transactions, he directly owned 66,044 shares of voting common stock and 12,543 RSUs. The filing also lists earlier RSU awards of 25,000, 3,160, 53,769, and 17,025 units, each vesting in five equal annual installments beginning on specified dates from August 10, 2022 through February 12, 2025, contingent on his continued service.

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

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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)
02/09/2026

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	02/10/2026		M		3,135	A	(1)	67,559	D
Voting Common Stock	02/10/2026		F		1,515	D	$41.04	66,044	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)	02/09/2026		A		10,778		(2)	(2)	Voting Common Stock	10,778	$0	10,778	D
Restricted Stock Units	(1)	02/10/2026		M			3,135	(3)	(3)	Voting Common Stock	3,135	$0	12,543	D
Restricted Stock Units	(1)							(4)	(4)	Voting Common Stock	25,000		25,000	D
Restricted Stock Units	(1)							(5)	(5)	Voting Common Stock	3,160		3,160	D
Restricted Stock Units	(1)							(6)	(6)	Voting Common Stock	53,769		53,769	D
Restricted Stock Units	(1)							(7)	(7)	Voting Common Stock	17,025		17,025	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 9, 2027, 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 10, 2026, 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 August 10, 2022, 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 14, 2023, 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 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.

7. 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.

Remarks:

	/s/ Jonathan A. Greene, By Power of Attorney	02/11/2026
	** 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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FAQ

What insider transactions did Derraik Renato report for Live Oak Bancshares (LOB)?

Derraik Renato reported receiving 10,778 restricted stock units and exercising 3,135 RSUs into 3,135 voting common shares. He also reported a disposition of 1,515 shares at $41.04 to cover taxes, leaving 66,044 shares and 12,543 RSUs directly owned.

How many restricted stock units did the Live Oak Bancshares (LOB) officer receive?

He received 10,778 restricted stock units on February 9, 2026. Each RSU represents a right to one share of Live Oak Bancshares voting common stock, vesting in five equal annual installments beginning February 9, 2027, subject to his continued service with the company.

How many Live Oak Bancshares (LOB) shares were used for tax withholding?

The filing shows 1,515 shares of voting common stock were disposed of at $41.04 per share. This disposition reflects payment of tax liability related to equity compensation, leaving the officer with 66,044 directly owned shares after the withholding transaction.

What are Derraik Renato’s Live Oak Bancshares (LOB) holdings after these Form 4 transactions?

After the reported transactions, he directly holds 66,044 shares of voting common stock and 12,543 restricted stock units. The RSUs include recent and prior awards that vest in equal annual installments over five years, contingent on his continued service.

How do the Live Oak Bancshares (LOB) RSUs granted to the officer vest over time?

The 10,778 RSUs granted February 9, 2026 vest in five equal annual installments starting February 9, 2027. Earlier RSU awards of 25,000, 3,160, 53,769, and 17,025 units also vest in five installments beginning on dates from August 10, 2022 to February 12, 2025.