Live Oak Bancshares (LOB) tech officer converts RSUs, withholds stock for taxes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. reported insider equity activity by Chief Info./Digital Officer of the Bank, Derraik Renato

To cover tax obligations tied to these vesting events, 1,892 shares were disposed of at $40.22 per share and 7,965 shares at $40.54 per share in tax-withholding transactions, leaving Renato with 78,366 shares of voting common stock held directly. The filing also lists multiple RSU awards, each representing a contingent right to one share and vesting in five equal annual installments beginning on various dates from August 10, 2022 through February 9, 2027, subject to continued service.

Positive

None.

Negative

None.

Insider Trade Summary

22,179 shares exercised/converted

Mixed 10 txns

Insider Derraik Renato

Role Chief Info./Digital Off., Bank

Type Security Shares Price Value

Exercise Restricted Stock Units 17,923 $0.00 --

Exercise Voting Common Stock 17,923 $0.00 --

Tax Withholding Voting Common Stock 7,965 $40.54 $323K

Exercise Restricted Stock Units 4,256 $0.00 --

Exercise Voting Common Stock 4,256 $0.00 --

Tax Withholding Voting Common Stock 1,892 $40.22 $76K

holding Restricted Stock Units -- -- --

holding Restricted Stock Units -- -- --

holding Restricted Stock Units -- -- --

holding Restricted Stock Units -- -- --

Holdings After Transaction: Restricted Stock Units — 35,846 shares (Direct); Voting Common Stock — 86,331 shares (Direct)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

02/17/2026 - 06:10 PM

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^*
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)
02/12/2026

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 02/12/2026 M 4,256 A ⁽¹⁾ 70,300 D

Voting Common Stock 02/12/2026 F 1,892 D $40.22 68,408 D

Voting Common Stock 02/13/2026 M 17,923 A ⁽¹⁾ 86,331 D

Voting Common Stock 02/13/2026 F 7,965 D $40.54 78,366 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⁾ 02/12/2026 M 4,256 ⁽²⁾ ⁽²⁾ Voting Common Stock 4,256 $0 12,769 D

Restricted Stock Units ⁽¹⁾ 02/13/2026 M 17,923 ⁽³⁾ ⁽³⁾ Voting Common Stock 17,923 $0 35,846 D

Restricted Stock Units ⁽¹⁾ ⁽⁴⁾ ⁽⁴⁾ Voting Common Stock 13,173 13,173 D

Restricted Stock Units ⁽¹⁾ ⁽⁵⁾ ⁽⁵⁾ Voting Common Stock 12,543 12,543 D

Restricted Stock Units ⁽¹⁾ ⁽⁶⁾ ⁽⁶⁾ Voting Common Stock 3,160 3,160 D

Restricted Stock Units ⁽¹⁾ ⁽⁷⁾ ⁽⁷⁾ Voting Common Stock 25,000 25,000 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 12, 2025, 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 13, 2024, 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 9, 2027, 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 10, 2026, 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 14, 2023, 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 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.

Remarks:

/s/ Jonathan A. Greene, By Power of Attorney 02/17/2026

** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did LOB officer Derraik Renato report on February 12–13, 2026?

Renato exercised restricted stock units into 4,256 and 17,923 shares of Live Oak Bancshares voting common stock. These RSU conversions occurred on February 12 and 13, 2026, at an exercise price of $0 per share, increasing his directly held common stock position.

How many Live Oak Bancshares (LOB) shares were withheld for taxes in this Form 4?

The filing shows 1,892 shares disposed of at $40.22 and 7,965 shares at $40.54 in tax-withholding transactions. These were used to satisfy tax obligations arising from RSU vesting rather than open-market sales, according to the transaction code F descriptions.

What is Derraik Renato’s Live Oak Bancshares share ownership after these transactions?

After the reported transactions, Renato directly holds 78,366 shares of Live Oak Bancshares voting common stock. This figure reflects RSU conversions on February 12–13, 2026, net of shares disposed of to cover associated tax liabilities through share withholding.

How do the reported RSUs for LOB’s Derraik Renato vest over time?

Each restricted stock unit represents a right to one share of voting common stock and vests in five equal annual installments. Different RSU grants begin vesting on dates including August 10, 2022, February 14, 2023, February 13, 2024, February 12, 2025, February 10, 2026, and February 9, 2027.

What role does Derraik Renato hold at Live Oak Bancshares (LOB) in this Form 4?

The reporting person, Derraik Renato, is identified as an officer of the issuer, serving as Chief Information/Digital Officer of the Bank. The transactions reflect equity awards and related tax-withholding dispositions connected to his compensation in this executive capacity.

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	17,923	$0.00	--
Exercise	Voting Common Stock	17,923	$0.00	--
Tax Withholding	Voting Common Stock	7,965	$40.54	$323K
Exercise	Restricted Stock Units	4,256	$0.00	--
Exercise	Voting Common Stock	4,256	$0.00	--
Tax Withholding	Voting Common Stock	1,892	$40.22	$76K
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Voting Common Stock	02/12/2026		M		4,256	A	⁽¹⁾	70,300	D
Voting Common Stock	02/12/2026		F		1,892	D	$40.22	68,408	D
Voting Common Stock	02/13/2026		M		17,923	A	⁽¹⁾	86,331	D
Voting Common Stock	02/13/2026		F		7,965	D	$40.54	78,366	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	02/12/2026		M			4,256	⁽²⁾	⁽²⁾	Voting Common Stock	4,256	$0	12,769	D
Restricted Stock Units	⁽¹⁾	02/13/2026		M			17,923	⁽³⁾	⁽³⁾	Voting Common Stock	17,923	$0	35,846	D
Restricted Stock Units	⁽¹⁾							⁽⁴⁾	⁽⁴⁾	Voting Common Stock	13,173		13,173	D
Restricted Stock Units	⁽¹⁾							⁽⁵⁾	⁽⁵⁾	Voting Common Stock	12,543		12,543	D
Restricted Stock Units	⁽¹⁾							⁽⁶⁾	⁽⁶⁾	Voting Common Stock	3,160		3,160	D
Restricted Stock Units	⁽¹⁾							⁽⁷⁾	⁽⁷⁾	Voting Common Stock	25,000		25,000	D

	/s/ Jonathan A. Greene, By Power of Attorney	02/17/2026
	** 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.