Walter J. Phifer - 06 Feb 2026 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: 06 Feb 2026
Net transactions value: +$83,714
Form type: 4
Filing time: 09 Feb 2026, 16:24:07 UTC
Previous filing: 17 Dec 2025
Next filing: 11 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	09 Feb 2026	0002006943

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOB	Voting Common Stock	Options Exercise	$83,714	+6,160	+92%	$13.59	12,872	06 Feb 2026	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	Employee Stock Option (right to buy)	Options Exercise	$0	-6,160	-100%	$0.000000	0	06 Feb 2026	Voting Common Stock	6,160	$13.59	Direct	F1
holding	LOB	Restricted Stock Units						69	06 Feb 2026	Voting Common Stock	69		Direct	F2, F3
holding	LOB	Restricted Stock Units						236	06 Feb 2026	Voting Common Stock	236		Direct	F2, F4
holding	LOB	Restricted Stock Units						3,144	06 Feb 2026	Voting Common Stock	3,144		Direct	F2, F5
holding	LOB	Restricted Stock Units						8,012	06 Feb 2026	Voting Common Stock	8,012		Direct	F2, F6
holding	LOB	Restricted Stock Units						9,264	06 Feb 2026	Voting Common Stock	9,264		Direct	F2, F7
holding	LOB	Restricted Stock Units						14,581	06 Feb 2026	Voting Common Stock	14,581		Direct	F2, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
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 15, 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 December 9, 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 12, 2025, 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.
F8	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.