Walter J. Phifer - 15 Dec 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role: Chief Financial Officer
Signature: /s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol: LOB
Transactions as of: 15 Dec 2025
Net transactions value: -$3,849
Form type: 4
Filing time: 17 Dec 2025, 18:04:51 UTC
Previous filing: 10 Dec 2025
Next filing: 09 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Phifer Walter J	Chief Financial Officer	1741 TIBURON DRIVE, WILMINGTON	/s/ Jonathan A. Greene, By Power of Attorney	17 Dec 2025	0002006943

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOB	Voting Common Stock	Options Exercise		+235	+3.6%		6,821	15 Dec 2025	Direct	F1
transaction	LOB	Voting Common Stock	Tax liability	$3,849	-109	-1.6%	$35.31	6,712	15 Dec 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	-235	-50%	$0.000000	236	15 Dec 2025	Voting Common Stock	235		Direct	F1, F2
holding	LOB	Restricted Stock Units						69	15 Dec 2025	Voting Common Stock	69		Direct	F1, F3
holding	LOB	Restricted Stock Units						3,144	15 Dec 2025	Voting Common Stock	3,144		Direct	F1, F4
holding	LOB	Restricted Stock Units						8,012	15 Dec 2025	Voting Common Stock	8,012		Direct	F1, F5
holding	LOB	Restricted Stock Units						9,264	15 Dec 2025	Voting Common Stock	9,264		Direct	F1, F6
holding	LOB	Restricted Stock Units						14,581	15 Dec 2025	Voting Common Stock	14,581		Direct	F1, F7
holding	LOB	Employee Stock Option (right to buy)						6,160	15 Dec 2025	Voting Common Stock	6,160	$13.59	Direct	F8

* 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 December 15, 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 22, 2022, 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 December 9, 2023, 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 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.
F7	The RSUs vest in five equal annual installments beginning on August 18, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F8	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 each of February 16, 2022 and 2023.