SEC Form 4 · accession 0002066890-26-000012
Live Oak Bancshares, Inc. · LOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Michael Moroz
Officer — Chief Banking Officer
Period of report
Jul 28, 2026
Accepted (ET)
Jul 29, 2026 · 4:42 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 | Jul 28, 2026 | S | 6,100 | $42.077 | D | 12,110 | 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 UnitsF2,F3 | — | holding | — | — | — | — | — | Voting Common Stock | 1,580 | 1,580 | D |
| Restricted Stock UnitsF2,F4 | — | holding | — | — | — | — | — | Voting Common Stock | 5,659 | 5,659 | D |
| Restricted Stock UnitsF2,F5 | — | holding | — | — | — | — | — | Voting Common Stock | 6,760 | 6,760 | D |
| Restricted Stock UnitsF2,F6 | — | holding | — | — | — | — | — | Voting Common Stock | 7,412 | 7,412 | D |
| Restricted Stock UnitsF2,F7 | — | holding | — | — | — | — | — | Voting Common Stock | 28,470 | 28,470 | D |
| Restricted Stock UnitsF2,F8 | — | holding | — | — | — | — | — | Voting Common Stock | 8,982 | 8,982 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $42.01 to $42.18. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- F3The RSUs vest in two equal annual installments beginning on February 14, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F4The RSUs vest in three equal annual installments beginning on December 9, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
- F5The RSUs vest in four equal annual installments beginning on February 12, 2026, 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 May 19, 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.