Renato Derraik - 11 Aug 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Info./Digital Off., Bank
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol
LOB
Transactions as of
11 Aug 2025
Net transactions value
-$353,663
Form type
4
Filing time
13 Aug 2025, 16:12:03 UTC
Previous filing
18 Feb 2025
Next filing
11 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Derraik Renato Chief Info./Digital Off., Bank 1741 TIBURON DRIVE, WILMINGTON /s/ Jonathan A. Greene, By Power of Attorney 13 Aug 2025 0001864098

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise +25,000 +49% 75,535 11 Aug 2025 Direct F1
transaction LOB Voting Common Stock Tax liability $353,663 -11,111 -15% $31.83 64,424 11 Aug 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LOB Restricted Stock Units Options Exercise $0 -25,000 -50% $0.000000 25,000 11 Aug 2025 Voting Common Stock 25,000 Direct F1, F2
holding LOB Restricted Stock Units 3,160 11 Aug 2025 Voting Common Stock 3,160 Direct F1, F3
holding LOB Restricted Stock Units 53,769 11 Aug 2025 Voting Common Stock 53,769 Direct F1, F4
holding LOB Restricted Stock Units 17,025 11 Aug 2025 Voting Common Stock 17,025 Direct F1, F5
holding LOB Restricted Stock Units 15,678 11 Aug 2025 Voting Common Stock 15,678 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 vest 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 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.