Live Oak director exercises 2,946 RSUs

Live Oak Bancshares director Cameron William Henderson exercised restricted stock units into common shares as part of equity compensation.

Rhea-AI Filing Summary

Live Oak Bancshares director Cameron William Henderson exercised restricted stock units into common shares as part of equity compensation. On May 1, 2026, 2,946 restricted stock units vested and were converted into 2,946 shares of Voting Common Stock at a stated price of $0.00 per share.

Following the transaction, Henderson holds 19,850 shares of Voting Common Stock directly. He also has indirect holdings reported as 470 shares held by a GST-Exempt Trust and 204,544 shares held by the William H. Cameron Revocable Trust. The filing shows no open‑market purchases or sales.

Insider Trade Summary

2,946 shares exercised/converted

Exercise 4 txns

Insider Cameron William Henderson

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	--	--	--
holding	Voting Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Voting Common Stock — 19,850 shares (Direct); Voting Common Stock — 204,544 shares (Indirect, By William H. Cameron Revocable Trust); Voting Common Stock — 470 shares (Indirect, By GST-Exempt 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: 19,850 shares +2 more

5 metrics

RSUs exercised 2,946 units Restricted stock units vested and converted on May 1, 2026

Shares received from RSUs 2,946 shares Voting Common Stock received upon RSU conversion at $0.00

Direct holdings after transaction 19,850 shares Voting Common Stock held directly by Henderson after conversion

Indirect GST-Exempt Trust holdings 470 shares Voting Common Stock held indirectly via GST-Exempt Trust

Indirect Revocable Trust holdings 204,544 shares Voting Common Stock held via William H. Cameron Revocable Trust

Key Terms

Restricted Stock Units, Voting Common Stock, derivative exercise/conversion

3 terms

Restricted Stock Units financial

"The restricted stock units vested on May 1, 2026."

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."

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

FAQ

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

What insider transaction did Live Oak Bancshares (LOB) report for Cameron Henderson?

Live Oak Bancshares reported that director Cameron William Henderson exercised 2,946 restricted stock units into 2,946 shares of Voting Common Stock. This equity award vesting is compensation-related and does not involve an open-market purchase or sale of shares.

How many Live Oak Bancshares (LOB) shares does Cameron Henderson hold after this Form 4?

After the reported transactions, Cameron William Henderson holds 19,850 shares of Live Oak Bancshares Voting Common Stock directly. He also reports indirect ownership of 470 shares via a GST-Exempt Trust and 204,544 shares via the William H. Cameron Revocable Trust.

What happened to Cameron Henderson’s restricted stock units in this Live Oak (LOB) filing?

In this filing, 2,946 restricted stock units vested on May 1, 2026 and were converted into 2,946 shares of Live Oak Bancshares Voting Common Stock. After the conversion, the restricted stock unit balance reported in the filing is zero.

Did Cameron Henderson buy or sell Live Oak Bancshares (LOB) shares on the market?

The Form 4 does not show any open-market purchases or sales by Cameron William Henderson. It reports the vesting and conversion of 2,946 restricted stock units into common shares, which is a compensation-related derivative exercise rather than a market trade.

How are Cameron Henderson’s indirect holdings in Live Oak (LOB) structured?

Cameron William Henderson’s indirect holdings are reported through two trusts: 470 shares of Voting Common Stock held by a GST-Exempt Trust and 204,544 shares held by the William H. Cameron Revocable Trust. These entries describe ownership structure rather than new market transactions.

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

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Accepted by SEC EDGAR 05/05/2026 - 06:25 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^*

Cameron William Henderson

(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)	19,850	D
Voting Common Stock								204,544	I	By William H. Cameron Revocable Trust
Voting Common Stock								470	I	By GST-Exempt 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)