Valine Yousef A. 4

What Happened

• Valine Yousef A., a director of Live Oak Bancshares, had 2,946 restricted stock units (RSUs) vest on May 1, 2026. The RSUs converted into 2,946 shares of common stock (recorded as an exercise/conversion of a derivative).
• The filing also shows a simultaneous disposition of 2,946 shares at $0.00 (reported as a derivative disposition). No cash proceeds or market sale price is reported in the Form 4.

Key Details

• Transaction date: May 1, 2026 (vesting/conversion and disposition recorded same day).
• Reported prices/values: Acquisition recorded as N/A; disposition reported at $0.00. No cash value reported on the Form 4.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — the RSUs vested on May 1, 2026.
• Timeliness: Form 4 filed May 5, 2026 for a May 1 transaction (filed within the required two business days).

Context

• These transactions reflect RSUs vesting and being converted into company stock. The matching disposition at $0.00 often reflects internal transfer or shares withheld to satisfy tax withholding or similar settlement mechanics; the filing does not explicitly state the reason.
• This was not an open-market purchase or sale; there are no reported cash proceeds, so it is not a cash-generating sale to the market.