Cairns Michael 4

4 · Live Oak Bancshares, Inc. · Filed Feb 25, 2026

Form 4

Period: 2026-02-23

Chief Credit Officer

Transactions

Exercise/Conversion
Voting Common Stock
[F1]
2026-02-23+145→ 10,257 total
Tax Payment
Voting Common Stock
2026-02-23$38.30/sh−73$2,796→ 10,184 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-23−145→ 0 total
→ Voting Common Stock (145 underlying)

Holdings

Restricted Stock Units
[F1][F3]
→ Voting Common Stock (10,778 underlying)
10,778
Restricted Stock Units
[F1][F4]
→ Voting Common Stock (5,131 underlying)
5,131
Restricted Stock Units
[F1][F5]
→ Voting Common Stock (236 underlying)
236
Restricted Stock Units
[F1][F6]
→ Voting Common Stock (1,886 underlying)
1,886
Restricted Stock Units
[F1][F7]
→ Voting Common Stock (2,838 underlying)
2,838
Restricted Stock Units
[F1][F8]
→ Voting Common Stock (9,680 underlying)
9,680

Footnotes (8)

[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]145 of the RSUs vested on each of February 22, 2025 and February 23, 2026.
[F3]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.
[F4]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.
[F5]235 of the RSUs will vest on each of December 15, 2024 and 2025, and 236 of the RSUs will vest on December 15, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
[F6]943 of the RSUs vested on December 9, 2024 and 943 of the RSUs will vest on each of December 8, 2024, 2025, 2026, and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
[F7]945 of the RSUs vested on December 9, 2024, and 946 of the RSUs will vest on each of December 8, 2025, 2026, 2027, and 2028, subject to the reporting person's continuous service to the Company or a related entity on such date.
[F8]2,420 of the RSUs will vest on each of August 19, 2025, 2026, 2027, 2028, and 2029, 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|2026-02-25

Documents

1 file