Live Oak Bancshares officer exercises 25K RSUs

Q: What did Renato Derraik report in this Form 4 for LOB?

Renato Derraik reported exercising 25,000 Restricted Stock Units, which converted into 25,000 shares of Live Oak Bancshares Voting Common Stock on August 10, 2026. A portion of the resulting shares was used to cover exercise price or tax obligations.

Q: How many Live Oak Bancshares (LOB) shares were used for taxes or exercise costs?

The filing shows 11,111 shares of Voting Common Stock were delivered or withheld at $42.23 per share as payment of exercise price or tax liability. This is reported under transaction code F, separate from the RSU exercise itself.

Q: What type of derivative securities did Renato Derraik exercise at LOB?

Renato Derraik exercised Restricted Stock Units (RSUs) representing 25,000 underlying shares of Live Oak Bancshares Voting Common Stock. Each RSU represents a contingent right to receive one share of Voting Common Stock as described in the filing footnotes.

Q: Does Renato Derraik still hold RSUs in Live Oak Bancshares (LOB) after this Form 4?

Yes. The filing lists several remaining RSU awards covering underlying shares of Voting Common Stock, including blocks of 1,580, 35,846, 12,769, 12,543, and 13,173 shares, each subject to multi-year vesting schedules.

Q: How do the RSUs for LOB reported by Renato Derraik vest?

The RSUs vest in five equal annual installments, with different awards beginning vesting on dates such as August 10, 2022 and various February dates from 2023 through 2027, conditioned on continuous service to Live Oak Bancshares or a related entity.

Q: What is the transaction code meaning in Renato Derraik’s LOB Form 4?

The Form 4 uses code M for the exercise or conversion of derivative securities (the RSUs into Voting Common Stock), and code F for payment of exercise price or tax liability by delivering or withholding shares of Voting Common Stock.

Live Oak Bancshares, Inc. reported that Chief Information/Digital Officer of the Bank, Renato Derraik, exercised derivative awards covering 25,000 Restricted Stock Units, converting them into 25,000 shares of Voting Common Stock on August 10, 2026.

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Rhea-AI Filing Summary

Live Oak Bancshares, Inc. reported that Chief Information/Digital Officer of the Bank, Renato Derraik, exercised derivative awards covering 25,000 Restricted Stock Units, converting them into 25,000 shares of Voting Common Stock on August 10, 2026. In a related transaction, 11,111 shares of Voting Common Stock were delivered or withheld at $42.23 per share for payment of exercise price or tax liability. The report also lists multiple remaining RSU awards, each representing one share of Voting Common Stock and scheduled to vest in five equal annual installments beginning on specified dates between 2023 and 2027, subject to continuous service.

Insider Trade Summary

25,000 shares exercised/converted

Exercise 8 txns

Insider Derraik Renato

Role Chief Info./Digital Off., Bank

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F1, F2}	25,000	$0.00	$0.00
Exercise	Voting Common Stock ^F1	25,000	--	--
Exercise Price or Tax Liability	Voting Common Stock	11,111	$42.23	$469K
holding	Restricted Stock Units ^{F1, F3}	--	--	--
holding	Restricted Stock Units ^{F1, F4}	--	--	--
holding	Restricted Stock Units ^{F1, F5}	--	--	--
holding	Restricted Stock Units ^{F1, F6}	--	--	--
holding	Restricted Stock Units ^{F1, F7}	--	--	--

Holdings After Transaction: Restricted Stock Units — 75,911 contracts (Direct); Voting Common Stock — 18,132 shares (Direct)

Footnotes (7)

F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
F2. The RSUs vested 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.
F3. 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.
F4. 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.
F5. 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.
F6. 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.
F7. 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.

Key Figures

RSUs Exercised: 25,000 units Shares Acquired via Exercise: 25,000 shares Shares Delivered/Withheld: 11,111 shares +4 more

7 metrics

RSUs Exercised 25,000 units Restricted Stock Units exercised and converted into Voting Common Stock on August 10, 2026

Shares Acquired via Exercise 25,000 shares Voting Common Stock received upon RSU exercise on August 10, 2026

Shares Delivered/Withheld 11,111 shares Voting Common Stock delivered or withheld for exercise price or tax liability

Price for Withheld Shares $42.23 per share Per-share value for 11,111 shares delivered or withheld under transaction code F

Remaining RSUs Block 1 1,580 underlying shares Restricted Stock Units remaining, each RSU representing one Voting Common share

Remaining RSUs Block 2 35,846 underlying shares Restricted Stock Units remaining, reported as direct ownership

Remaining RSUs Block 3 12,769 underlying shares Additional RSUs remaining after the reported exercise

Key Terms

Restricted Stock Units, Voting Common Stock, Exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering or withholding securities, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") 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.

Voting Common Stock financial

"one share of Live Oak Bancshares, Inc. (the "Company") voting common stock"

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

Payment of exercise price or tax liability by delivering or withholding securities financial

"transaction_code_description": "Payment of exercise price or tax liability by delivering or withholding securities""

continuous service financial

"subject to the reporting person's continuous service to the Company or a related entity"

FAQ

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

What did Renato Derraik report in this Form 4 for LOB?

Renato Derraik reported exercising 25,000 Restricted Stock Units, which converted into 25,000 shares of Live Oak Bancshares Voting Common Stock on August 10, 2026. A portion of the resulting shares was used to cover exercise price or tax obligations.

How many Live Oak Bancshares (LOB) shares were used for taxes or exercise costs?

The filing shows 11,111 shares of Voting Common Stock were delivered or withheld at $42.23 per share as payment of exercise price or tax liability. This is reported under transaction code F, separate from the RSU exercise itself.

What type of derivative securities did Renato Derraik exercise at LOB?

Renato Derraik exercised Restricted Stock Units (RSUs) representing 25,000 underlying shares of Live Oak Bancshares Voting Common Stock. Each RSU represents a contingent right to receive one share of Voting Common Stock as described in the filing footnotes.

Does Renato Derraik still hold RSUs in Live Oak Bancshares (LOB) after this Form 4?

Yes. The filing lists several remaining RSU awards covering underlying shares of Voting Common Stock, including blocks of 1,580, 35,846, 12,769, 12,543, and 13,173 shares, each subject to multi-year vesting schedules.

How do the RSUs for LOB reported by Renato Derraik vest?

The RSUs vest in five equal annual installments, with different awards beginning vesting on dates such as August 10, 2022 and various February dates from 2023 through 2027, conditioned on continuous service to Live Oak Bancshares or a related entity.

What is the transaction code meaning in Renato Derraik’s LOB Form 4?

The Form 4 uses code M for the exercise or conversion of derivative securities (the RSUs into Voting Common Stock), and code F for payment of exercise price or tax liability by delivering or withholding shares of Voting Common Stock.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 08/12/2026 - 04:17 PM EDT

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

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Info./Digital Off., Bank

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

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)
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	08/10/2026		M		25,000	A	⁽¹⁾	29,243	D
Voting Common Stock	08/10/2026		F		11,111	D	$42.23	18,132	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⁾	08/10/2026		M			25,000	⁽²⁾	⁽²⁾	Voting Common Stock	25,000	$0	0	D
Restricted Stock Units	⁽¹⁾							⁽³⁾	⁽³⁾	Voting Common Stock	1,580		1,580	D
Restricted Stock Units	⁽¹⁾							⁽⁴⁾	⁽⁴⁾	Voting Common Stock	35,846		35,846	D
Restricted Stock Units	⁽¹⁾							⁽⁵⁾	⁽⁵⁾	Voting Common Stock	12,769		12,769	D
Restricted Stock Units	⁽¹⁾							⁽⁶⁾	⁽⁶⁾	Voting Common Stock	12,543		12,543	D
Restricted Stock Units	⁽¹⁾							⁽⁷⁾	⁽⁷⁾	Voting Common Stock	13,173		13,173	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 vested 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

Remarks:

	/s/ Jonathan A. Greene, By Power of Attorney	08/12/2026
	** 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)

Source: View Original Filing on SEC EDGAR