Live Oak director exercises 2,946 RSUs

Live Oak Bancshares, Inc. director Valine A. Yousef reported a routine equity award vesting and share issuance.

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. director Valine A. Yousef reported a routine equity award vesting and share issuance. On May 1, 2026, 2,946 Restricted Stock Units were exercised, delivering 2,946 shares of Voting Common Stock at a stated price of $0.00 per share.

After this derivative exercise, Yousef held 10,401 shares of Voting Common Stock directly. Separately, 1,500 shares of Voting Common Stock are reported as indirectly owned through the Valine Revocable Living Trust. The restricted stock units vested on May 1, 2026, and each unit represented a contingent right to receive one share of Voting Common Stock, with no remaining derivative position shown in this filing.

Insider Trade Summary

2,946 shares exercised/converted

Exercise 3 txns

Insider Valine Yousef A.

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,946	$0.00	$0.00
Exercise	Voting Common Stock	2,946	$0.00	$0.00
holding	Voting Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Voting Common Stock — 10,401 shares (Direct); Voting Common Stock — 1,500 shares (Indirect, By Valine Revocable Living Trust)

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
2. F2. The restricted stock units vested on May 1, 2026.

Key Figures

RSUs exercised: 2,946 units Shares received from RSUs: 2,946 shares Direct holdings after transaction: 10,401 shares +3 more

6 metrics

RSUs exercised 2,946 units Restricted Stock Units converted on May 1, 2026

Shares received from RSUs 2,946 shares Voting Common Stock issued upon RSU exercise

Direct holdings after transaction 10,401 shares Voting Common Stock directly owned after May 1, 2026

Indirect holdings via trust 1,500 shares Voting Common Stock held by Valine Revocable Living Trust

Exercise price per RSU $0.00 per share Stated transaction price for RSU conversion

Derivative exercises 1 transaction Exercise or conversion of derivative security (Code M)

Key Terms

Restricted Stock Units, derivative security, Voting Common Stock, revocable living trust, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share"

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.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Voting Common Stock financial

"Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock"

revocable living trust financial

"nature_of_ownership: By Valine Revocable Living Trust"

indirect ownership financial

"ownership_type: indirect with ownership_code I"

FAQ

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

What insider transaction did Live Oak Bancshares (LOB) report for Valine A. Yousef?

Live Oak Bancshares reported that director Valine A. Yousef exercised 2,946 restricted stock units into 2,946 shares of Voting Common Stock on May 1, 2026. This reflects a routine equity award vesting rather than an open-market stock purchase or sale.

How many Live Oak Bancshares (LOB) shares does Valine A. Yousef hold after this Form 4?

Following the reported transactions, Valine A. Yousef directly holds 10,401 shares of Live Oak Bancshares Voting Common Stock. In addition, the filing reports 1,500 shares indirectly owned through the Valine Revocable Living Trust, giving investors a clearer picture of her total reported equity position.

What are the terms of the restricted stock units in the Live Oak Bancshares (LOB) filing?

Each Restricted Stock Unit represents a contingent right to receive one share of Live Oak Bancshares Voting Common Stock. The filing notes that these restricted stock units vested on May 1, 2026, triggering the issuance of 2,946 common shares to director Valine A. Yousef.

Did the Live Oak Bancshares (LOB) Form 4 show any stock sales by Valine A. Yousef?

The Form 4 does not show any open-market stock sales by Valine A. Yousef. It records a derivative exercise where 2,946 restricted stock units converted into common shares, a compensation-related event, with no accompanying sale transactions in this filing.

How is indirect ownership reported for Live Oak Bancshares (LOB) in this Form 4?

The filing reports 1,500 shares of Voting Common Stock held indirectly for Valine A. Yousef. These are owned through the Valine Revocable Living Trust, as indicated by the ownership code "I" and the nature of ownership description in the Form 4 data.

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

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Accepted by SEC EDGAR 05/05/2026 - 06:27 PM EDT 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^*

Valine Yousef A.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Voting Common Stock	05/01/2026		M		2,946	A	(1)	10,401	D
Voting Common Stock								1,500	I	By Valine Revocable Living Trust

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)	05/01/2026		M			2,946	(2)	(2)	Voting Common Stock	2,946	$0	0	D

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 vested on May 1, 2026.

Remarks:

	/s/ Jonathan A. Greene, By Power of Attorney	05/05/2026
	** 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).
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)