Derraik Renato 4

What Happened
Renato Derraik, Chief Information/Digital Officer of Live Oak Bancshares, sold 75,000 shares in an open-market transaction on April 30, 2026. The weighted-average sale price reported was $37.83 per share, for total proceeds of approximately $2,837,100. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: 2026-04-30; filing date (Form 4): 2026-05-04 (filed within the typical two-business-day window).
• Price: weighted average $37.83; trades executed at prices ranging from $37.51 to $38.095 (see footnote F1).
• Shares sold: 75,000; proceeds ≈ $2,837,100.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: F1 explains the reported price is a weighted average across multiple trades and that detailed trade-by-trade info is available on request. Footnotes F2–F8 describe various restricted stock unit (RSU) awards and staggered vesting schedules (these RSUs represent contingent rights to receive shares and vest over multiple years).
• Transaction type code: S = Sale.

Context
This filing documents an open-market sale of existing shares. Sales by insiders can be routine (liquidity, diversification, tax planning) and do not by themselves indicate company performance or insider sentiment. The transaction was not an option exercise or award issuance; derivative/award footnotes in the filing refer to separate RSU grants and their vesting schedules.