SEC Form 4 · accession 0002006943-26-000012
Live Oak Bancshares, Inc. · LOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter J Phifer
Officer — Chief Financial Officer
Period of report
Aug 18, 2026
Accepted (ET)
Aug 19, 2026 · 4:21 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 18, 2026 | M | 2,916 | — | A | 13,019 | D | |
| Voting Common Stock | Aug 18, 2026 | F | 1,296 | $42.60 | D | 11,723 | 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 18, 2026 | M | 2,916 | D | — | — | Voting Common Stock | 2,916 | 11,665 | D |
| Restricted Stock UnitsF1,F3 | — | holding | — | — | — | — | — | Voting Common Stock | 236 | 236 | D |
| Restricted Stock UnitsF1,F4 | — | holding | — | — | — | — | — | Voting Common Stock | 3,144 | 3,144 | D |
| Restricted Stock UnitsF1,F5 | — | holding | — | — | — | — | — | Voting Common Stock | 6,009 | 6,009 | D |
| Restricted Stock UnitsF1,F6 | — | holding | — | — | — | — | — | Voting Common Stock | 7,412 | 7,412 | D |
| Restricted Stock UnitsF1,F7 | — | holding | — | — | — | — | — | Voting Common Stock | 9,580 | 9,580 | 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 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.
- F3The 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.
- F4The 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.
- F5The 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.
- F6The 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.
- F7The 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.