Michael Cairns - 19 Aug 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Credit Officer
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol
LOB
Transactions as of
19 Aug 2025
Net transactions value
-$38,037
Form type
4
Filing time
20 Aug 2025, 16:44:10 UTC
Previous filing
25 Feb 2025
Next filing
10 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cairns Michael Chief Credit Officer 1741 TIBURON DRIVE, WILMINGTON /s/ Jonathan A. Greene, By Power of Attorney 20 Aug 2025 0002030240

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise +2,420 +35% 9,366 19 Aug 2025 Direct F1
transaction LOB Voting Common Stock Tax liability $38,037 -1,076 -11% $35.35 8,290 19 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 -2,420 -20% $0.000000 9,680 19 Aug 2025 Voting Common Stock 2,420 Direct F1, F2
holding LOB Restricted Stock Units 2,829 19 Aug 2025 Voting Common Stock 2,829 Direct F1, F3
holding LOB Restricted Stock Units 3,784 19 Aug 2025 Voting Common Stock 3,784 Direct F1, F4
holding LOB Restricted Stock Units 471 19 Aug 2025 Voting Common Stock 471 Direct F1, F5
holding LOB Restricted Stock Units 145 19 Aug 2025 Voting Common Stock 145 Direct F1, F6
holding LOB Restricted Stock Units 6,413 19 Aug 2025 Voting Common Stock 6,413 Direct F1, F7
* 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 2,420 of the RSUs will vest on each of August 19, 2025, 2026, 2027, 2028, and 2029, subject to the reporting person's continuous service to the Company or a related entity on such date.
F3 943 of the RSUs vested on December 9, 2024 and 943 of the RSUs will vest on each of December 8, 2025, 2026, and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
F4 945 of the RSUs vested on December 9, 2024, and 946 of the RSUs will vest on each of December 8, 2025, 2026, 2027, and 2028, subject to the reporting person's continuous service to the Company or a related entity on such date.
F5 235 of the RSUs will vest on each of December 15, 2024 and 2025, and 236 of the RSUs will vest on December 15, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F6 145 of the RSUs will vest on each of February 22, 2025 and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F7 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.