| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Spencer Courtney | Chief Experience Officer | 1741 TIBURON DRIVE, WILMINGTON | /s/ Jonathan A. Greene, By Power of Attorney | 28 Jan 2026 | 0001937224 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LOB | Voting Common Stock | Options Exercise | $190,260 | +14,000 | +67% | $13.59 | 34,860 | 26 Jan 2026 | Direct | |
| transaction | LOB | Voting Common Stock | Sale | $378,348 | -9,700 | -28% | $39.00 | 25,160 | 26 Jan 2026 | Direct | F1 |
| holding | LOB | Voting Common Stock | 154 | 26 Jan 2026 | By Spouse |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LOB | Stock Option (right to buy) | Options Exercise | $0 | -14,000 | -100% | $0.000000 | 0 | 26 Jan 2026 | Voting Common Stock | 14,000 | $13.59 | Direct | F2 |
| holding | LOB | Restricted Stock Units | 3,160 | 26 Jan 2026 | Voting Common Stock | 3,160 | Direct | F3, F4 | ||||||
| holding | LOB | Restricted Stock Units | 2,000 | 26 Jan 2026 | Voting Common Stock | 2,000 | Direct | F3, F5 | ||||||
| holding | LOB | Restricted Stock Units | 8,535 | 26 Jan 2026 | Voting Common Stock | 8,535 | Direct | F3, F6 | ||||||
| holding | LOB | Restricted Stock Units | 8,512 | 26 Jan 2026 | Voting Common Stock | 8,512 | Direct | F3, F7 | ||||||
| holding | LOB | Restricted Stock Units | 7,126 | 26 Jan 2026 | Voting Common Stock | 7,126 | Direct | F3, F8 |
| Id | Content |
|---|---|
| F1 | This transaction was executed in multiple trades at prices ranging from $39.000 to $39.155. 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 February 16, 2017, as follows: 10% of the shares subject to the option vested on each of February 16, 2017, 2018, 2019, 2020, and 2021; 25% of the shares subject to the option vested on February 16, 2022; and 25% of the shares subject to the option vested on February 16, 2023. |
| 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 14, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date. |
| F5 | 2,000 of the RSUs will vest on each of February 22, 2023, 2024, 2025, and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date. |
| F6 | The RSUs vest in five 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 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 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. |