Live Oak Bancshares, Inc. filings document the regulatory record of a financial holding company whose principal subsidiary is Live Oak Bank. The company’s 8-K reports cover operating results and financial condition, dividend declarations on Voting Common Stock and Series A preferred depositary shares, executive compensation actions, equity awards, and risk-management leadership changes.
Proxy materials describe governance matters, executive compensation, equity-award disclosure and shareholder voting items. Other filings include Form 12b-25 filing-status notices and capital-structure references to common stock and the company’s 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock.
LOB reported a proposed sale of 3,000 common shares on a Form 144. The filing lists an aggregate amount of $110,098.50 and a proposed sale date of 03/02/2026. The Form 144 references restricted stock vesting events of 02/22/2024 (514 shares), 02/10/2025 (1,006 shares) and 02/12/2025 (1,480 shares).
LOB filed a Form 144 notice relating to proposed sales of common stock tied to multiple restricted stock vesting lots. The filing lists individual vesting dates and share counts, including 1,108 shares vested on 12/11/2023 and 1,006 shares vested on 02/12/2025.
The notice identifies a brokerage/intermediary and enumerates several small compensation-related vesting entries rather than a single aggregate block; timing and exact methods of sale are as stated in the filing.
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, Inc. files its annual report describing a technology-driven, branchless banking model focused on SBA and USDA government-guaranteed small business lending through a national online platform.
As of December 31, 2025, the company reports total assets of $15.13 billion and bank capital ratios of 10.53% common equity Tier 1, 11.40% Tier 1 and 12.66% total risk-based capital, with a 8.48% Tier 1 leverage ratio, keeping Live Oak Bank in the “well capitalized” category.
The report highlights 1,027 full-time employees and extensive human capital, wellness and training programs, along with detailed supervision by the Federal Reserve, FDIC and North Carolina regulators and listing standards on the NYSE.
Key risks center on credit performance, dependence on SBA and USDA programs, regulatory and capital requirements, cybersecurity and technology (including artificial intelligence), liquidity and interest rate management, competition from banks and fintechs, and the impact of economic shocks, climate and other disruptive events.
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.