Lunsford Jeffrey W 4/A

What Happened

• Jeffrey W. Lunsford, a director of Live Oak Bancshares, converted 1,890 restricted stock units (RSUs) into 1,890 shares on May 1, 2026. The Form 4 lists an "acquired" derivative conversion of 1,890 shares and a corresponding line showing 1,890 shares disposed at $0.00. No cash proceeds or open‑market sale were reported.
• Footnotes clarify that each RSU represents a contingent right to one common share and that the RSUs vested on May 1, 2026. The filing is an amendment filed May 21, 2026 to correct the reporting person’s name; the original Form 4 (filed May 5, 2026) otherwise remains unchanged.

Key Details

• Transaction date: May 1, 2026 (period of report: 2026-05-01)
• Action: Conversion/exercise of derivative (code M) — 1,890 RSUs converted to 1,890 shares
• Price/value reported: Disposed line shows $0.00; no cash proceeds or open‑market sale reported
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes: F1 (each RSU = one share); F2 (RSUs vested on May 1, 2026)
• Filing note: This is an amended Form 4 correcting the reporting person’s name; no other changes reported

Context

• This appears to be a routine vesting/conversion of RSUs rather than a purchase or a market sale. Such internal conversions typically reflect compensation vesting, not a trading signal; no 10b5-1 plan or tax‑withholding details are shown in the provided excerpt.