SEC Form 4 · accession 0001453279-26-000008
Live Oak Bancshares, Inc. · LOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C Losch III
Officer — President
Period of report
Aug 10, 2026
Accepted (ET)
Aug 12, 2026 · 4:17 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001462120
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Voting Common StockF1 | Aug 10, 2026 | M | 42,000 | — | A | 254,278 | D | |
| Voting Common Stock | Aug 10, 2026 | F | 18,665 | $42.23 | D | 235,613 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Aug 10, 2026 | M | 42,000 | D | — | — | Voting Common Stock | 42,000 | 0 | D |
| Restricted Stock UnitsF1,F3 | — | holding | — | — | — | — | — | Voting Common Stock | 1,264 | 1,264 | D |
| Restricted Stock UnitsF1,F4 | — | holding | — | — | — | — | — | Voting Common Stock | 35,846 | 35,846 | D |
| Restricted Stock UnitsF1,F5 | — | holding | — | — | — | — | — | Voting Common Stock | 150,000 | 150,000 | D |
| Restricted Stock UnitsF1,F6 | — | holding | — | — | — | — | — | Voting Common Stock | 33,050 | 33,050 | D |
| Restricted Stock UnitsF1,F7 | — | holding | — | — | — | — | — | Voting Common Stock | 36,123 | 36,123 | D |
| Restricted Stock UnitsF1,F8 | — | holding | — | — | — | — | — | Voting Common Stock | 52,694 | 52,694 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- F2The RSUs vested in five equal annual installments beginning on August 10, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F3The 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.
- F4The RSUs vest in five equal 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.
- F5The RSUs vest in five equal annual installments beginning on August 25, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F6The 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.
- F7The 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.
- F8The 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.