Cameron William Henderson 4

What Happened
Cameron William Henderson, a director of Live Oak Bancshares, Inc. (LOB), was awarded 2,486 restricted stock units (RSUs) on May 19, 2026. The award was reported on a Form 4 filed May 21, 2026. The RSUs were reported at $0.00 (no cash paid at grant) and represent a contingent right to receive one share of voting common stock per unit upon vesting.

Key Details

• Transaction date: 2026-05-19 (Form 4 filed 2026-05-21). Filing appears timely (within the two-business-day Form 4 window).
• Transaction type: Award/Grant of 2,486 RSUs (derivative). Reported price: $0.00.
• Vesting: RSUs vest on May 1, 2027. Each RSU converts to one share upon vesting (footnotes F2, F3).
• Prior transfer: On May 5, 2026 Henderson transferred 2,946 shares of voting common stock to his revocable trust; those shares had previously been reported as directly beneficially owned (footnote F1).
• Shares owned after transaction: not specified in the provided filing.

Context
RSU grants are a form of compensation and do not result in immediate share ownership until they vest; they are not the same as an open-market purchase or sale. This grant increases Henderson’s potential future stake if and when the units vest but does not create immediate market activity.