Cameron William Henderson 4

What Happened

• Cameron William Henderson, a director of Live Oak Bancshares, had 2,946 restricted stock units (RSUs) vest and convert into 2,946 shares on May 1, 2026. The filing shows an acquisition of 2,946 shares on conversion (price N/A) and a simultaneous disposition of 2,946 shares at $0.00 (reported as a derivative disposition).
• This was not an open‑market purchase or sale of stock. The conversion reflects award vesting rather than a trade that signals buying or selling interest.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (timely — within two business days).
• Acquired: 2,946 shares via conversion of RSUs (price N/A). Disposed: 2,946 shares at $0.00 (reported as derivative disposition).
• Footnotes: F1 — each RSU equals the right to one share; F2 — the RSUs vested on May 1, 2026.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Transaction code: M (exercise/conversion of derivative). The $0.00 disposition is typically how vesting-related withholdings (e.g., for taxes) are reported.

Context

• This reflects RSU vesting and conversion to common shares. Often, companies withhold shares at vesting to cover taxes; the simultaneous disposition at $0.00 is commonly the mechanics of that withholding rather than a sale on the open market.
• For retail investors: vesting/conversion events are routine compensation matters and do not necessarily indicate the insider’s view on the company’s stock.