Michael Cairns - 08 Dec 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Credit Officer
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol
LOB
Transactions as of
08 Dec 2025
Net transactions value
-$27,740
Form type
4
Filing time
10 Dec 2025, 16:23:10 UTC
Previous filing
20 Aug 2025
Next filing
17 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cairns Michael Chief Credit Officer 1741 TIBURON DRIVE, WILMINGTON /s/ Jonathan A. Greene, By Power of Attorney 10 Dec 2025 0002030240

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Options Exercise +946 +11% 9,236 08 Dec 2025 Direct F1
transaction LOB Voting Common Stock Tax liability $13,872 -421 -4.6% $32.95 8,815 08 Dec 2025 Direct
transaction LOB Voting Common Stock Options Exercise +943 +11% 9,758 09 Dec 2025 Direct F1
transaction LOB Voting Common Stock Tax liability $13,868 -420 -4.3% $33.02 9,338 09 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 -946 -25% $0.000000 2,838 08 Dec 2025 Voting Common Stock 946 Direct F1, F2
transaction LOB Restricted Stock Units Options Exercise $0 -943 -33% $0.000000 1,886 09 Dec 2025 Voting Common Stock 943 Direct F1, F3
holding LOB Restricted Stock Units 471 08 Dec 2025 Voting Common Stock 471 Direct F1, F4
holding LOB Restricted Stock Units 145 08 Dec 2025 Voting Common Stock 145 Direct F1, F5
holding LOB Restricted Stock Units 9,680 08 Dec 2025 Voting Common Stock 9,680 Direct F1, F6
holding LOB Restricted Stock Units 6,413 08 Dec 2025 Voting Common Stock 6,413 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 945 of the RSUs vested on December 9, 2024, 946 of the RSUs vested on December 8, 2025, and 946 of the RSUs will vest on each of December 8, 2026, 2027, and 2028, subject to the reporting person's continuous service to the Company or a related entity on such date.
F3 943 of the RSUs vested on December 9, 2024 and 2025, and 943 of the RSUs will vest on each of December 9, 2026 and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
F4 235 of the RSUs vested on December 15, 2024, 235 of the RSUs will vest on December 15, 2025, and 236 of the RSUs will vest on December 15, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F5 145 of the RSUs vested on February 22, 2025 and 145 of the RSUs will vest on February 22, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
F6 2,420 of the RSUs vested on August 19, 2025 and 2,420 of the RSUs will vest on each of August 19, 2026, 2027, 2028, and 2029, 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.