Courtney Spencer - 12 Feb 2026 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Experience Officer
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol
LOB
Transactions as of
12 Feb 2026
Net transactions value
-$92,991
Form type
4
Filing time
17 Feb 2026, 18:15:46 UTC
Previous filing
11 Feb 2026
Next filing
19 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Spencer Courtney Chief Experience Officer 1741 TIBURON DRIVE, WILMINGTON /s/ Jonathan A. Greene, By Power of Attorney 17 Feb 2026 0001937224

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise +2,128 +8.2% 28,004 12 Feb 2026 Direct F1
transaction LOB Voting Common Stock Tax liability $41,748 -1,038 -3.7% $40.22 26,966 12 Feb 2026 Direct
transaction LOB Voting Common Stock Options Exercise +2,845 +11% 29,811 13 Feb 2026 Direct F1
transaction LOB Voting Common Stock Tax liability $51,243 -1,264 -4.2% $40.54 28,547 13 Feb 2026 Direct
holding LOB Voting Common Stock 154 12 Feb 2026 By Spouse

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 -2,128 -25% $0.000000 6,384 12 Feb 2026 Voting Common Stock 2,128 Direct F1, F2
transaction LOB Restricted Stock Units Options Exercise $0 -2,845 -33% $0.000000 5,690 13 Feb 2026 Voting Common Stock 2,845 Direct F1, F3
holding LOB Restricted Stock Units 6,586 12 Feb 2026 Voting Common Stock 6,586 Direct F1, F4
holding LOB Restricted Stock Units 5,701 12 Feb 2026 Voting Common Stock 5,701 Direct F1, F5
holding LOB Restricted Stock Units 3,160 12 Feb 2026 Voting Common Stock 3,160 Direct F1, F6
holding LOB Restricted Stock Units 2,000 12 Feb 2026 Voting Common Stock 2,000 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 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.
F3 The RSUs vest in five pro rata installments beginning on February 13, 2024, 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 9, 2027, 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 10, 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 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.
F7 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.