Live Oak Bancshares, Inc. Form 4 Filings

Live Oak Bancshares, Inc. insider reporting shows that the James S. Mahan Revocable Trust, associated with CEO James S. Mahan III, sold a total of 20,000 shares of Voting Common Stock in open-market transactions on February 25–26, 2026.

The reported sales were executed at transaction prices such as $39.2119, $39.6454, $39.2899 and $39.9970 per share, with the trust holding 2,987,844 shares following the last sale. The filing notes these trades were made under a Rule 10b5-1 trading plan adopted on August 27, 2025, indicating they were pre-arranged rather than discretionary market-timed sales.

Live Oak Bancshares Chief Accounting Officer John W. Sutherland reported routine equity award activity. On February 23, 2026, he exercised 178 restricted stock units for an equal number of voting common shares at $0.00 per share, then had 87 shares withheld at $38.30 per share to cover tax obligations. After these transactions, he directly owned 16,622 shares of voting common stock and continued to hold several restricted stock unit awards, including 2,629, 2,754, 2,280, 1,423, and 316 units that vest in annual installments starting between February 14, 2023 and February 9, 2027.

Live Oak Bancshares Chief Experience Officer Spencer Courtney reported equity award activity tied to restricted stock units (RSUs). On February 23, 2026, he exercised or converted 2,000 RSUs into 2,000 shares of voting common stock at a stated price of $0.00 per share, increasing his direct common stock position to 31,425 shares immediately after that step.

On the same date, 889 shares of voting common stock were disposed of at $38.30 per share to satisfy tax obligations associated with the equity award, leaving 30,536 shares of voting common stock held directly. He also reports multiple RSU awards that each represent the right to receive one share of common stock, vesting in annual installments beginning on dates ranging from February 14, 2023 to February 10, 2026, and an additional 153.7958 shares of voting common stock held indirectly by his spouse.

Live Oak Bancshares General Counsel Gregory W. Seward exercised 1,000 restricted stock units into voting common stock on February 23, 2026 at a price of $0.00 per share. To cover tax obligations, 445 shares were withheld at $38.30 per share, leaving him with 116,797 voting common shares held directly after these transactions.

Live Oak Bancshares, Inc. Chief Financial Officer Walter J. Phifer reported equity award activity involving restricted stock units (RSUs) and common stock. On February 23, 2026, he exercised 69 RSUs, receiving the same number of shares of voting common stock at a price of $0.00 per share.

On the same date, 32 shares of voting common stock were disposed of at $38.30 per share to satisfy tax-withholding obligations related to the equity award, leaving him with 14,815 shares of voting common stock held directly. Footnotes show multiple RSU grants that vest in five equal annual installments beginning on various dates from February 22, 2022 through August 18, 2026, contingent on his continued service.

Live Oak Bancshares, Inc. Chief Banking Officer Mark Michael Moroz reported equity award activity involving restricted stock units (RSUs) and common stock. He exercised or converted 4,000 RSUs into 4,000 shares of voting common stock at a stated price of $0.00 per share, increasing his direct common share holdings. On the same date, 1,778 shares of voting common stock were disposed of at $38.30 per share to satisfy tax obligations associated with the equity award, a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly held 14,256 shares of voting common stock. Footnotes explain that each RSU converts into one share of voting common stock and that multiple RSU awards vest in scheduled annual installments beginning on dates in 2025, 2026, and 2027, subject to his continued service with the company.

Live Oak Bancshares, Inc. Chief Credit Officer Michael Cairns reported routine equity compensation activity. On February 23, 2026, he exercised 145 Restricted Stock Units, receiving 145 shares of voting common stock at $0.00 per share, lifting his direct common stock holdings to 10,257 shares before tax withholding.

To cover taxes, 73 shares of voting common stock were withheld at $38.30 per share, leaving him with 10,184 shares of voting common stock held directly after the transactions. Each RSU represents the right to receive one share of voting common stock upon vesting, and the footnotes describe multiple RSU awards that vest in equal annual installments on specified future dates, contingent on his continued service.

Live Oak Bancshares, Inc. insider James S. Mahan III, through the James S. Mahan Revocable Trust, sold a total of 20,000 shares of Voting Common Stock in open‑market transactions. The sales occurred on February 18–19, 2026 at weighted average prices of about $40–$41 per share.

The filing notes these sales were effected under a Rule 10b5‑1 trading plan adopted on August 27, 2025. After the latest sale, the James S. Mahan Revocable Trust held 3,007,844 shares indirectly. Additional indirect holdings reported as of February 18, 2026 include 3,032,547 shares by the Marguerite D. Mahan Revocable Trust, 127,167 shares by the 2021 Chip Mahan Family and Charitable Trust, 127,167 shares by the 2021 Peggy Mahan Family Trust, and 140,150 shares by Peapod II, LLC.

Live Oak Bancshares, Inc. Chief Accounting Officer John W. Sutherland reported equity award activity involving restricted stock units and common shares. On February 17, 2026, 316 restricted stock units were exercised into 316 shares of voting common stock at $0.00 per share. To satisfy tax obligations, 158 shares of voting common stock were disposed of at $40.75 per share through a tax-withholding transaction, leaving 16,531 shares of voting common stock held directly after these transactions. The filing also shows several outstanding restricted stock unit awards that each represent a contingent right to receive one share of voting common stock and vest in five equal annual installments beginning on specified February dates from 2022 through 2027, subject to continued service.

Live Oak Bancshares Chief Experience Officer Spencer Courtney exercised 1,580 restricted stock units into voting common stock on February 17, 2026 at a stated price of $0.00 per share. To cover tax obligations, 702 shares of voting common stock were disposed of at $40.75 per share through a tax-withholding transaction, leaving 29,425 shares of voting common stock held directly.

Live Oak Bancshares, Inc.’s General Counsel, Seward Gregory W, reported equity award activity involving restricted stock units and common stock. On February 17, 2026, he exercised or converted 2,370 restricted stock units into an equal number of shares of voting common stock at a stated price of $0.0000 per share, increasing his direct common stock holdings to 117,296 shares.

On the same date, 1,054 shares of voting common stock were disposed of at $40.7500 per share to cover tax liabilities, leaving him with 116,242 shares of voting common stock held directly. Footnotes explain that each RSU represents a right to receive one share of common stock and vest in five equal annual installments beginning on specific February dates from 2022 through 2027, contingent on his continued service to the company or a related entity.

Live Oak Bancshares, Inc. Chief Banking Officer Mark Michael Moroz reported equity compensation activity involving restricted stock units (RSUs) and common shares. On February 17, 2026, he exercised or converted 1,580 RSUs at $0.00 per unit into 1,580 shares of voting common stock, recorded as directly owned.

On the same date, 703 shares of voting common stock were disposed of at $40.75 per share in a tax-withholding transaction related to this equity award. After these transactions, he directly held 12,034 shares of voting common stock.

Footnotes explain that each RSU equals one share of voting common stock and detail multiple RSU awards that vest in installments beginning on dates such as February 10, 2026, February 12, 2026, February 14, 2026, May 19, 2026, and other specified vesting dates, all contingent on continued service.

Live Oak Bancshares President William C. Losch III reported equity compensation activity involving restricted stock units and common shares. On February 17, 2026, he acquired 1,264 shares of voting common stock at $0.00 per share through the exercise or conversion of restricted stock units.

On the same date, 562 shares of voting common stock were disposed of at $40.75 per share to cover tax obligations associated with the equity award, leaving 212,278 shares of voting common stock held directly. Footnotes state that each restricted stock unit represents a contingent right to receive one common share and that several RSU grants vest in five equal annual installments beginning on various dates from 2022 through 2027, subject to continued service.

Live Oak Bancshares, Inc. executive Renato Derraik reported equity award activity involving restricted stock units and common shares. On February 17, he acquired 1,580 shares of voting common stock at a price of $0.00 per share through the exercise or conversion of restricted stock units. On the same date, 703 shares of voting common stock were disposed of at $40.75 per share to cover tax obligations, leaving him with 79,243 voting common shares held directly. He also continues to hold multiple blocks of restricted stock units that each represent a contingent right to receive one share of voting common stock and vest in five equal annual installments starting on specified February or August dates, subject to his continued service.

Live Oak Bancshares’ Chief Accounting Officer John W. Sutherland reported routine equity compensation activity. On February 12 and 13, 2026, he acquired 876 and 711 shares of voting common stock, respectively, through exercises of restricted stock units at an exercise price of $0 per share.

On the same dates, 436 shares at $40.22 and 354 shares at $40.54 were withheld and disposed of to cover tax obligations. Following these transactions, he directly owned 16,373 shares of voting common stock and held multiple restricted stock unit awards, including 2,629 and 1,423 RSUs that each convert into an equivalent number of common shares upon vesting.

Live Oak Bancshares Chief Experience Officer Spencer Courtney reported RSU vesting and related share activity. On February 12 and 13, 2026, he exercised restricted stock units into 2,128 and 2,845 shares of voting common stock, respectively. In connection with these vestings, 1,038 shares at $40.22 and 1,264 shares at $40.54 were withheld and disposed of to cover tax obligations.

Following these transactions, Courtney directly owned 28,547 shares of voting common stock and also had 153.7958 shares held indirectly by his spouse. He continued to hold multiple blocks of restricted stock units that vest in equal or pro rata annual installments through dates ranging from 2023 to 2027, conditioned on continued service.

Live Oak Bancshares, Inc.’s General Counsel, Seward Gregory W, reported equity compensation activity on February 12–13, 2026. He exercised restricted stock units into 2,754 and 11,948 shares of voting common stock at an exercise price of $0, increasing his direct holdings to 114,926 common shares.

To cover tax obligations, 1,272 shares were withheld at $40.22 per share and 5,310 shares at $40.54 per share. He also continues to hold multiple blocks of restricted stock units that vest in five annual installments beginning on dates from February 22, 2022 through February 9, 2027, contingent on continued service.

Live Oak Bancshares Chief Financial Officer Walter J. Phifer reported equity award activity involving restricted stock units. On February 12, 2026, 2,003 restricted stock units were exercised into 2,003 shares of voting common stock at $0 per share, increasing his direct holdings to 15,770 shares before related tax withholding.

To cover tax obligations, 992 shares of voting common stock were disposed of at $40.22 per share, leaving 14,778 shares of voting common stock directly owned after the transactions. Following the exercise, 6,009 restricted stock units from that grant remained outstanding. Each RSU represents a contingent right to receive one share of voting common stock and typically vests in five equal annual installments beginning on specified dates, including February 12, 2025 and other future vesting dates.

Live Oak Bancshares Chief Banking Officer Mark Michael Moroz reported equity award activity involving company stock. On February 12, 2026 he exercised 2,253 restricted stock units, receiving the same number of voting common shares at an exercise price of $0 per share. To cover tax withholding, 1,002 voting common shares were disposed of at $40.22 per share. After these transactions, he directly held 11,157 shares of voting common stock, along with multiple blocks of restricted stock units that vest in scheduled annual installments, each RSU representing the right to receive one share.

Live Oak Bancshares President William C. Losch III reported equity compensation activity involving restricted stock units and common shares. On February 12 and 13, 2026, he exercised RSUs into 11,016 and 17,923 shares of voting common stock, respectively, at an exercise price of $0 per share.

In connection with these vestings, 4,896 shares at $40.22 and 7,965 shares at $40.54 were withheld to cover taxes, leaving him with 211,576 directly owned common shares after the transactions. He also holds several RSU awards that each convert into one share and vest in five equal annual installments beginning on dates ranging from August 10, 2022 to February 9, 2027, subject to continued service.

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.

Live Oak Bancshares, Inc. chief executive and 10% owner James S. Mahan III, through the James S. Mahan Revocable Trust, reported open‑market sales of a total of 20,000 shares of Voting Common Stock on February 11–12, 2026. Sale prices ranged from about $39.57 to $41.45, with weighted average prices around $40–41 per share for each transaction. The sales were effected under a Rule 10b5‑1 trading plan adopted on August 27, 2025. After these transactions, the trust reported holding just over 3.0 million Voting Common Stock shares indirectly, with additional indirect holdings reported in several related family trusts and an LLC.

Live Oak Bancshares, Inc. reported that a company officer received an equity award of 13,173 restricted stock units on February 9, 2026. Each RSU represents the right to receive one share of the company’s voting common stock at a price of $0.

The RSUs vest in five equal annual installments beginning on February 9, 2027, contingent on the officer’s continued service with the company or a related entity. This is an amended insider report correcting a prior filing that had mistakenly shown 10,778 RSUs instead of 13,173.

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.

Live Oak Bancshares, Inc. Chief Accounting Officer John W. Sutherland reported equity compensation and related share movements. On February 9, 2026, he acquired 2,754 restricted stock units (RSUs), each representing a contingent right to one share of voting common stock, vesting in five equal annual installments beginning on February 9, 2027, subject to continued service.

On February 10, 2026, he exercised 570 RSUs into 570 shares of voting common stock, and 284 shares of voting common stock were disposed of at $41.04 per share to cover tax obligations. Following these transactions, he directly beneficially owned 15,576 shares of voting common stock and held multiple RSU awards with various five‑year vesting schedules.

Stasiowska Ewa Maria reported acquisition or exercise transactions in this Form 4 filing.

Live Oak Bancshares, Inc. Chief Risk Officer Ewa Maria Stasiowska received a grant of 8,383 restricted stock units on February 9, 2026. Each RSU represents a contingent right to receive one share of Live Oak voting common stock, aligning part of her compensation with the company’s equity.

The RSUs vest in five equal annual installments starting on February 9, 2027, conditioned on her continued service with the company or a related entity. Following the reported transactions, she also directly holds 2,595.231 shares of Live Oak voting common stock.

Live Oak Bancshares General Counsel Seward Gregory W reported equity compensation and related share movements. On February 9, 2026, he received a grant of 8,383 restricted stock units (RSUs), each representing one share of voting common stock, vesting in five equal annual installments beginning on February 9, 2027, subject to continued service.

On February 10, 2026, he exercised RSUs into 1,852 shares of voting common stock and then had 922 shares of voting common stock withheld at $41.04 per share to cover tax obligations. Following these transactions, he directly owned 106,806 shares of voting common stock.

Live Oak Bancshares, Inc. reported that Chief Experience Officer Spencer Courtney received a grant of 6,586 Restricted Stock Units on February 9, 2026, each representing one share of Voting Common Stock. On February 10, he exercised 1,425 RSUs, receiving an equal number of Voting Common Stock shares, and 709 shares were delivered to cover tax obligations at $41.04 per share. After these transactions, he holds 34,494 RSUs and 25,876 shares of Voting Common Stock directly, plus 153.7958 shares held indirectly through his spouse. Footnotes state that RSUs generally vest in multi-year annual installments, subject to continuous service.

Live Oak Bancshares, Inc. Chief Financial Officer Walter J. Phifer reported equity compensation and related share activity. On February 9, 2026 he received a grant of 9,580 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 1,852 RSUs, acquiring the same number of voting common shares, and had 957 shares withheld to cover tax obligations at $41.04 per share. After these transactions he directly owned 13,767 shares of voting common stock, along with multiple RSU awards that vest annually over future dates.

Live Oak Bancshares Chief Banking Officer Mark Michael Moroz received an award of 8,982 restricted stock units (RSUs) on February 9, 2026. Each RSU represents a contingent right to one share of voting common stock and vests in five equal annual installments beginning February 9, 2027, subject to continued service.

On February 10, 2026, Moroz exercised 1,852 RSUs into voting common stock at $0 per share and had 824 shares of common stock withheld at $41.04 per share to satisfy tax obligations. Following these transactions he directly owned 9,906 shares of voting common stock and held several additional RSU awards scheduled to vest between December 9, 2025 and May 19, 2026, as well as the new grant beginning February 9, 2027, all subject to his continued service.

Live Oak Bancshares, Inc. president William C. Losch III reported multiple equity compensation transactions. On February 9, 2026, he acquired 52,694 restricted stock units (RSUs), each representing one share of voting common stock, through a grant at an exercise price of $0.

On February 10, 2026, he exercised 9,030 RSUs, acquiring 9,030 shares of voting common stock at $0 per share, and 4,105 shares of voting common stock were disposed of at $41.04 per share to cover tax obligations. After these transactions, he directly owned 195,498 shares of voting common stock.

The filing also lists several existing RSU awards with different grant dates that vest in five equal annual installments beginning on dates from August 10, 2022 through February 12, 2025, and February 10, 2026 and February 9, 2027, contingent on continued service.

Live Oak Bancshares Chief Credit Officer Michael Cairns reported equity award activity. On February 9, 2026, he received a grant of 10,778 restricted stock units (RSUs), each representing one share of voting common stock, vesting in five equal annual installments beginning February 9, 2027.

On February 10, 2026, he exercised 1,282 RSUs, acquiring the same number of voting common shares, and 638 shares of common stock were withheld at $41.04 per share to cover tax obligations. After these transactions, he directly held 10,112 voting common shares and multiple RSU awards with stated vesting schedules running through 2029.

Live Oak Bancshares, Inc. chief financial officer Walter J. Phifer exercised employee stock options and increased his direct share ownership. On February 6, 2026, he exercised 6,160 stock options at $13.59 per share, receiving 6,160 shares of voting common stock and bringing his directly held stake to 12,872 shares. He also holds several restricted stock unit awards that each convert into one share of voting common stock as they vest in equal annual installments from February 2022 through August 2026, contingent on continued service.

Live Oak Bancshares, Inc. (LOB) reported pre-planned insider stock sales by a trust associated with its Chief Executive Officer, director and 10% owner James S. Mahan III. A total of 20,000 shares of voting common stock were sold on February 4–5, 2026 by the James S. Mahan Revocable Trust at weighted average prices between $40.1332 and $42.4358, under a Rule 10b5-1 trading plan adopted on August 27, 2025. After these transactions, the trust held 3,047,844 shares of voting common stock indirectly, with additional indirect holdings reported for other family trusts and an LLC.

Live Oak Bancshares, Inc. insider activity shows Chief Risk Officer Ewa Maria Stasiowska buying voting common stock. On 01/26/2026, she purchased 2,595.231 shares in an open-market transaction at a weighted average price of $38.532 per share, bringing her directly held stake to 2,595.231 shares.

The trade was executed in multiple lots at prices ranging from $38.532 to $38.535, with the reported price reflecting the weighted average across those trades.

Live Oak Bancshares, Inc. Chief Experience Officer Spencer Courtney reported an option exercise and share sale. On January 26, 2026, he exercised a stock option for 14,000 shares of voting common stock at $13.59 per share, increasing his direct holdings. The same day, he sold 9,700 shares of voting common stock at a weighted average price of $39.005 per share, in trades executed between $39.000 and $39.155, leaving 25,160 shares held directly. He also reports 153.7958 shares held indirectly by his spouse and multiple blocks of restricted stock units, each representing a contingent right to receive one share of voting common stock that vest over several annual installments.

Live Oak Bancshares, Inc. reported an insider transaction involving its voting common stock. On 12/19/2025, the reporting person sold 10,000 shares of voting common stock at a weighted average price of $36.1734, in multiple trades executed between $35.89 and $36.50. The filing notes that these sales were made under a Rule 10b5-1 trading plan adopted on August 27, 2025.

Following the transaction, the reporting person beneficially owns shares indirectly through several entities, including 3,067,844 shares held by the James S. Mahan Revocable Trust, 3,032,547 shares held by the Marguerite D. Mahan Revocable Trust, 127,167 shares each held by the 2021 Chip Mahan Family and Charitable Trust and the 2021 Peggy Mahan Family Trust, and 140,150 shares held by Peapod II, LLC.

Live Oak Bancshares insider trading report: A reporting person who is a director, chief executive officer, and 10% owner of Live Oak Bancshares, Inc. (LOB) reported selling 10,000 shares of voting common stock on December 17, 2025. The sale, coded as a disposition, was executed at a weighted average price of $35.9699 per share in multiple trades between $35.64 and $36.1623 under a Rule 10b5-1 trading plan adopted on August 27, 2025. After this transaction, the reporting person indirectly beneficially owned 3,077,844 shares through the James S. Mahan Revocable Trust and additional shares through several related trusts and an LLC.

Live Oak Bancshares, Inc.’s Chief Financial Officer reported equity transactions in company stock. On 12/15/2025, 235 shares of voting common stock were acquired in connection with restricted stock units, and 109 shares were disposed of at $35.31 per share. After these transactions, the officer directly owned 6,712 shares of voting common stock. The filing also lists multiple restricted stock unit awards, each representing a contingent right to receive one share of voting common stock, vesting in five equal annual installments beginning on dates ranging from February 22, 2022 to August 18, 2026, subject to continuous service. In addition, an employee stock option with a $13.59 exercise price covering 6,160 shares of voting common stock is reported, with vesting previously occurring in installments between February 16, 2017 and February 16, 2023.

Live Oak Bancshares’ Chief Credit Officer reported an equity award vesting. On 12/15/2025, 235 shares of voting common stock were acquired through the vesting and settlement of restricted stock units. To cover tax obligations, 105 shares of voting common stock were withheld at a price of $35.31 per share, leaving 9,468 shares of voting common stock held directly after the transactions.

The filing also describes several outstanding restricted stock unit grants, each representing a right to receive one share of voting common stock. Vesting for these awards is scheduled on future dates including December 15, 2026, December 9, 2026 and 2027, December 8, 2026–2028, February 22, 2026, August 19, 2026–2029, and in five equal annual installments beginning February 10, 2026, in each case conditioned on the officer’s continued service.

Live Oak Bancshares, Inc. reported that its chief executive officer, who is also a director and 10% owner, sold 10,000 shares of voting common stock on 12/12/2025. The sale was reported with transaction code “S” and executed at a weighted average price of $35.1313 per share, with individual trades ranging from $34.815 to $35.3658.

The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on August 27, 2025. After this sale, the reporting person continues to hold significant indirect beneficial ownership through several entities, including 3,087,844 shares held by the James S. Mahan Revocable Trust and 3,032,547 shares held by the Marguerite D. Mahan Revocable Trust.

Live Oak Bancshares, Inc. reported insider share sales by its Chief Executive Officer, who is also a director and 10% owner, on 12/10/2025. Through the James S. Mahan Revocable Trust, the reporting person sold 3,505 shares of voting common stock at a weighted average price of $33.6529 and an additional 6,495 shares at a weighted average price of $34.6927, coded as open market sales. These trades were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on August 27, 2025.

Following the reported transactions, the James S. Mahan Revocable Trust held 3,097,844 shares of voting common stock indirectly. Additional indirect holdings reported include 3,032,547 shares held by the Marguerite D. Mahan Revocable Trust, 127,167 shares held by the 2021 Chip Mahan Family and Charitable Trust, 127,167 shares held by the 2021 Peggy Mahan Family Trust, and 140,150 shares held by Peapod II, LLC.

Live Oak Bancshares, Inc. CFO reports equity award activity. On 12/09/2025, the reporting person, the company’s Chief Financial Officer, acquired 1,572 shares of voting common stock through the vesting and settlement of restricted stock units. On the same date, 729 shares of voting common stock were disposed of at $33.02 per share in a transaction coded "F," reflecting shares withheld to cover taxes. After these transactions, the reporting person directly owned 6,586 shares of voting common stock.

The filing also lists multiple tranches of restricted stock units, each representing one share of voting common stock, that vest in five equal annual installments beginning on various dates from February 22, 2022 through August 18, 2026, subject to continued service. In addition, an employee stock option covering 6,160 shares at an exercise price of $13.59 is shown as fully vested and exercisable in yearly installments that began on February 16, 2017.

Live Oak Bancshares, Inc. reported an insider equity transaction by its Chief Banking Officer on a Form 4. On December 9, 2025, 2,829 restricted stock units (RSUs) were exercised into voting common stock, increasing the officer’s directly held shares to 10,136 before a subsequent disposition. That same day, 1,258 voting common shares were disposed of at $33.02 per share, leaving the officer with 8,878 directly owned shares.

The filing also details several RSU awards. One grant has 2,830 RSUs scheduled to vest on December 9, 2026 and 2,829 on December 9, 2027, while other awards vest in annual installments from February 2026 through February 2030 and begin in May 2026. Each vesting is contingent on the officer’s continuous service with the company or a related entity on the stated dates.

Live Oak Bancshares, Inc. insider equity activity: A company officer, the Chief Credit Officer of Live Oak Bancshares, Inc. (ticker LOB), reported routine equity transactions related to restricted stock units (RSUs) and associated common stock on December 8 and 9, 2025. The reporting person acquired 946 and 943 shares of voting common stock through RSU vesting on these dates, while 421 and 420 shares were withheld and disposed of at prices of $32.95 and $33.02 per share, respectively, typically for tax withholding. Following these transactions, the officer directly held 9,338 shares of voting common stock and continued to hold multiple blocks of RSUs that vest annually over several years, all contingent on continued service with the company.

Live Oak Bancshares, Inc. insider reporting person, who serves as Chief Executive Officer, director and a 10% owner, reported a sale of company stock. On 12/05/2025, the insider sold 10,000 shares of Voting Common Stock at a weighted average price of $32.809, coded as an open market sale. The transaction was carried out under a Rule 10b5-1 trading plan that was adopted on August 27, 2025.

After this sale, the insider continues to hold substantial indirect positions through several entities, including 3,107,844 shares held by the James S. Mahan Revocable Trust and 3,032,547 shares held by the Marguerite D. Mahan Revocable Trust. Additional indirect holdings include 127,167 shares in the 2021 Chip Mahan Family and Charitable Trust, 127,167 shares in the 2021 Peggy Mahan Family Trust, and 140,150 shares held by Peapod II, LLC.

Live Oak Bancshares, Inc. insider trading report shows that a major insider executed pre-planned stock sales. On December 3, 2025, voting common stock of Live Oak Bancshares (LOB) was sold in two transactions by trusts associated with the reporting person, who is a director, 10% owner, and Chief Executive Officer.

The James S. Mahan Revocable Trust sold 6,082 shares at a weighted average price of $32.9214 per share and 3,918 shares at a weighted average price of $33.2414 per share, under a Rule 10b5-1 trading plan adopted on August 27, 2025. After these trades, the filing reports continued indirect beneficial ownership of substantial voting common stock positions through multiple family and revocable trusts.

Live Oak Bancshares, Inc. reported insider equity activity by its General Counsel. The filing shows two transactions in voting common stock coded as "G," indicating gifts on November 26, 2025 and November 28, 2025, each at a price of $0. After these gifts, the reporting person directly beneficially owned 105,876 shares of voting common stock.

The filing also details multiple grants of restricted stock units (RSUs), each representing the right to receive one share of Live Oak Bancshares voting common stock. These RSUs vest in five equal annual installments beginning on dates in February of 2022, 2023, 2024, 2025, and 2026, as long as the General Counsel continues to serve the company or a related entity on the applicable vesting dates.

Live Oak Bancshares, Inc. insider James S. Mahan, the company’s Chief Executive Officer, director and 10% owner, reported open-market sales of company stock under a pre-arranged trading plan. On November 26, 2025, a trust for his benefit sold 10,000 shares of voting common stock at a weighted average price of $32.1723 per share. On November 28, 2025, the same trust sold an additional 10,000 shares at a weighted average price of $32.0434 per share.

The filing notes these transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on August 27, 2025, which is designed to allow insiders to sell shares according to a preset schedule. After these sales, Mahan continues to report substantial indirect holdings in Live Oak Bancshares through several trusts and entities, including 3,127,844 shares held by the James S. Mahan Revocable Trust and 3,032,547 shares held by the Marguerite D. Mahan Revocable Trust.