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, Inc. reported that its Chairman and Chief Executive Officer, James S. Mahan III, adopted a prearranged stock trading plan under Rule 10b5-1. The plan allows him to sell up to 400,000 shares of the company’s voting common stock as part of his personal long-term financial and tax planning strategies.
The sales may occur over a defined period from November 2025 through September 2026. Any transactions executed under this plan will be reported through Form 4 filings with the Securities and Exchange Commission, providing ongoing public transparency about the CEO’s share sales.
Live Oak Bancshares insider reporting: William C. Losch III, President and director, reported transactions on 08/25/2025 involving restricted stock units and common shares. He was credited with 50,000 RSUs (each representing one share) and the filing lists multiple outstanding RSU awards totaling scheduled vesting in annual installments beginning between 2022 and 2026. The report also shows a disposition of 22,221 common shares at $37.70 per share, reducing his beneficial ownership of voting common stock from 212,794 to 190,573 following the transactions. The form is signed by power of attorney on 08/27/2025.
Live Oak Bancshares, Inc. (LOB) Form 3 discloses that Jeffrey W. Lunsford holds 10,750 shares of Voting Common Stock as a direct beneficial owner and is reported as a Director of the issuer. This filing is an initial statement of beneficial ownership indicating the director's equity stake and the reporting person filed individually.
Michael Cairns, Chief Credit Officer at Live Oak Bancshares (LOB) reported changes in beneficial ownership on 08/19/2025. The filing shows acquisition of 2,420 restricted stock units (RSUs) (Transaction code M) and disposition of 1,076 shares (Transaction code F) at a price of $35.35. After these transactions the reporting person beneficially owns 9,366 shares (non-derivative) and 9,680 shares beneficially attributable to derivative/RSU holdings. The RSUs each convert to one share and have multiple vesting schedules disclosed, with scheduled vesting installments through 2029 subject to continuous service.
Live Oak Bancshares insider transaction summary: Walter J. Phifer, Chief Financial Officer, reported a disposal of 5,743 shares of the company's voting common stock on 08/18/2025. On the same date he was granted 14,581 restricted stock units (RSUs) that convert one-for-one into voting common stock and vest in five equal annual installments beginning on August 18, 2026, subject to continued service.
The filing also lists several previously granted RSU tranches with staggered vesting dates and an employee stock option exercisable for 6,160 shares (exercise price $13.59) that vested in multiple installments through February 16, 2023. All reported equity holdings are held directly by the reporting person.
David G. Lucht, a director of Live Oak Bancshares, Inc. (LOB), reported transactions on 08/18/2025. He purchased 4,000 depositary shares at $25.1248 per depositary share, resulting in beneficial ownership of 4,000 depositary shares and 18,677 voting common shares following the transaction. The filing also shows 2,946 restricted stock units held that vest on May 1, 2026. The filing explains that each depositary share equals a 1/40th interest in the Companys Series A Preferred Stock (equivalent to $25.00 per depositary share) and that each RSU represents a contingent right to one share of voting common stock.
Live Oak Bancshares, Inc. reported that its Board of Directors declared two cash dividends on August 19, 2025. The company will pay a cash dividend of $0.03 per share on its Voting Common Stock and a cash dividend of $0.23845 per depositary share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. Both dividends are payable on September 15, 2025 to shareholders of record as of September 2, 2025, meaning investors must be on the books by that date to receive the payments.
Live Oak Bancshares, Inc. reports that Computer Services Inc. has entered into a definitive agreement to acquire Apiture, Inc., in which Live Oak Banking Company holds an investment. When the deal closes, Apiture will become a wholly owned subsidiary of CSI and each Apiture stockholder, including Live Oak Banking Company, will receive merger consideration under the agreement terms.
The company currently expects to realize an estimated pre-tax gain in the range of $20 million to $25 million from this transaction, subject to closing price adjustments. After the transaction settles, Live Oak will also stop recognizing further pass-through losses from its Apiture investment. Completion of the deal remains subject to customary approvals and closing conditions.
Live Oak Bancshares appointed Jeffrey Williams Lunsford to its Board of Directors and to the board of its subsidiary, Live Oak Banking Company, with service through the next annual meeting. He will receive pro-rated non-employee director compensation under the company’s existing plan. Mr. Lunsford is Chairman and co-founder of DefenseStorm and, together with his immediate family, owns approximately 8.83% of DefenseStorm. The filing discloses related ownership: other directors/executives and families own 3.96%, and Live Oak Ventures, Inc. owns 4.49% of DefenseStorm as of June 30, 2025. The Bank paid DefenseStorm $469,152 in 2024 and $484,881 year-to-date in 2025 for IT and cybersecurity services. The Company attached a press release as Exhibit 99.1 announcing the appointment.
William C. Losch III, President and Director of Live Oak Bancshares (LOB), reported transactions in the company's voting common stock on 08/11/2025. The report shows 42,000 shares tied to restricted stock units (RSUs) and a separate disposition of 18,665 shares at a price of $31.83.
The filing lists reported beneficial ownership figures of 181,459 shares (following the RSU-related entry) and 162,794 shares (following the sale entry). Several RSU grants remain outstanding and vest in five equal annual installments on specified start dates, with reported grant amounts of 2,528, 53,769, 200,000, 44,066 and 45,153 RSUs; each RSU represents a contingent right to one share.