Gregory W. Seward - 18 Nov 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Signature
/s/ Jonathan A. Greene, by Power of Attorney
Issuer symbol
LOB
Transactions as of
18 Nov 2025
Net transactions value
+$68,531
Form type
4
Filing time
20 Nov 2025, 17:44:30 UTC
Previous filing
25 Feb 2025
Next filing
01 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Seward Gregory W General Counsel 1741 TIBURON DRIVE, WILMINGTON /s/ Jonathan A. Greene, by Power of Attorney 20 Nov 2025 0001656656

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise $174,600 +12,000 +12% $14.55 108,877 18 Nov 2025 Direct
transaction LOB Voting Common Stock Tax liability $91,652 -3,051 -2.8% $30.04 105,826 18 Nov 2025 Direct
transaction LOB Voting Common Stock Options Exercise $21,825 +1,500 +1.4% $14.55 107,326 19 Nov 2025 Direct
transaction LOB Voting Common Stock Sale $36,242 -1,200 -1.1% $30.20 106,126 19 Nov 2025 Direct F1

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 Employee Stock Option (right to buy) Options Exercise $0 -12,000 -89% $0.000000 1,500 18 Nov 2025 Voting Common Stock 12,000 $14.55 Direct F2
transaction LOB Employee Stock Option (right to buy) Options Exercise $0 -1,500 -100% $0.000000 0 19 Nov 2025 Voting Common Stock 1,500 $14.55 Direct F2
holding LOB Restricted Stock Units 1,000 18 Nov 2025 Voting Common Stock 1,000 Direct F3, F4
holding LOB Restricted Stock Units 4,740 18 Nov 2025 Voting Common Stock 4,740 Direct F3, F5
holding LOB Restricted Stock Units 35,846 18 Nov 2025 Voting Common Stock 35,846 Direct F3, F6
holding LOB Restricted Stock Units 11,016 18 Nov 2025 Voting Common Stock 11,016 Direct F3, F7
holding LOB Restricted Stock Units 9,264 18 Nov 2025 Voting Common Stock 9,264 Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $30.16 to $30.247. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
F2 The shares subject to this option vested and became exercisable yearly in seven installments beginning on November 19, 2016, as follows: 10% of the shares subject to the option vested on each of November 19, 2016, 2017, 2018, 2019, and 2020; and 25% of the shares subject to the option vested on each of November 19, 2021 and 2022.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
F4 The RSUs vest in five equal annual installments beginning on February 22, 2022, 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 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.
F6 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.
F7 The RSUs vest in five equal annual installments beginning on February 12, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
F8 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.