Derraik Renato 4

4 · Live Oak Bancshares, Inc. · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Live Oak Bancshares (LOB) Chief Info/Digital Officer Renato Derraik Sells Shares

What Happened

Renato Derraik, Chief Information & Digital Officer of Live Oak Bancshares (LOB), converted 1,580 restricted stock units (RSUs) into common shares on Feb 17, 2026. As part of that conversion, 703 of the newly issued shares were withheld to satisfy tax withholding obligations at $40.75 per share, totaling $28,647. The remaining 877 shares were delivered to Derraik (1,580 converted − 703 withheld = 877 net shares).

Key Details

Transaction date: Feb 17, 2026. Form filed Feb 19, 2026 (timely within the Form 4 filing window).
Actions reported: M = exercise/conversion of derivative (1,580 RSUs converted to shares); F = shares withheld to pay taxes (703 shares at $40.75, $28,647).
Net shares received: 877 (after 703-share tax withholding).
Footnotes: RSUs each convert to one share (F1) and are subject to multi-year vesting schedules (see footnotes F2–F7 describing various annual vesting start dates). The filing shows the withholding was for tax purposes, not an open-market sale.
Shares owned after the transaction were not provided in the supplied details.

Context

This was a conversion/vesting event (not an open-market sale). The F-code withholding is a routine tax-withholding disposition commonly used when awards vest; it does not necessarily signal a decision to sell shares for investment reasons.
Transaction codes: M = conversion/exercise of a derivative award (here, RSUs); F = disposition of shares to pay exercise price or tax liability.

Form 4

Period: 2026-02-17

Chief Info./Digital Off., Bank

Transactions

Exercise/Conversion
Voting Common Stock
[F1]
2026-02-17+1,580→ 79,946 total
Tax Payment
Voting Common Stock
2026-02-17$40.75/sh−703$28,647→ 79,243 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-17−1,580→ 1,580 total
→ Voting Common Stock (1,580 underlying)

Holdings

Restricted Stock Units
[F1][F3]
→ Voting Common Stock (12,769 underlying)
12,769
Restricted Stock Units
[F1][F4]
→ Voting Common Stock (35,846 underlying)
35,846
Restricted Stock Units
[F1][F5]
→ Voting Common Stock (13,173 underlying)
13,173
Restricted Stock Units
[F1][F6]
→ Voting Common Stock (12,543 underlying)
12,543
Restricted Stock Units
[F1][F7]
→ Voting Common Stock (25,000 underlying)
25,000

Footnotes (7)

[F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
[F2]The RSUs vest in five equal annual installments beginning on February 14, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
[F3]The RSUs vest in five equal annual installments beginning on February 12, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
[F4]The RSUs vest in five equal annual installments beginning on February 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
[F5]The 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.
[F6]The 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.
[F7]The RSUs vest in five equal annual installments beginning on August 10, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.

Signature

/s/ Jonathan A. Greene, By Power of Attorney|2026-02-19

1 file