Welcome to our dedicated page for Live Oak Bancshares SEC filings (Ticker: LOB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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.
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.
The issuer LOB is the subject of a Form 144 notice reporting multiple proposed sales by the James S Mahan Rev Trust. The filing lists 14 separate transactions of 10,000 shares each on dates between 11/26/2025 and 02/19/2026, shown as examples of recent sales activity totaling 140,000 shares. Trades are shown as open market purchases/sales with per‑trade cash values listed alongside each date.
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.