Moroz Mark Michael 4
4 · Live Oak Bancshares, Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Live Oak (LOB) CBO Mark Moroz Exercises Options, Receives RSUs
What Happened Mark Michael Moroz, Chief Banking Officer of Live Oak Bancshares (LOB), was granted 8,982 restricted stock units (RSUs) on Feb 9, 2026 and converted/exercised 1,852 derivative units on Feb 10, 2026. As part of the conversion, 824 shares were withheld to cover tax withholding at $41.04 per share, totaling $33,817. The RSU grant is recorded at $0.00 per unit (typical for RSU awards).
Key Details
- Transactions reported: Feb 9–10, 2026; filing date Feb 11, 2026 (appears to be timely).
- Grant: 8,982 RSUs on 2026-02-09 (reported as derivative, $0.00).
- Conversion/Exercise: 1,852 derivative units converted/exercised on 2026-02-10.
- Tax withholding: 824 shares withheld/disposed on 2026-02-10 at $41.04/share = $33,817 (transaction code F).
- Shares owned after transaction: not specified in the provided summary of the filing.
- Notable footnote: F1 confirms each RSU is a contingent right to one share; other footnotes (F2–F7) list vesting schedules (various installment schedules and dates) — the awarded RSUs are subject to vesting conditions per the filing.
Context
- RSUs are awards that convert into common shares subject to vesting and service conditions; they are not open-market purchases and generally reflect compensation rather than an immediate bullish purchase.
- The conversion/exercise followed by share withholding for taxes is a routine cashless-type settlement for RSUs and does not necessarily indicate a market sentiment shift.
Insider Transaction Report
Form 4
Moroz Mark Michael
Chief Banking Officer
Transactions
- Exercise/Conversion
Voting Common Stock
[F1]2026-02-10+1,852→ 10,730 total - Tax Payment
Voting Common Stock
2026-02-10$41.04/sh−824$33,817→ 9,906 total - Award
Restricted Stock Units
[F1][F2]2026-02-09+8,982→ 8,982 total→ Voting Common Stock (8,982 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-10−1,852→ 7,412 total→ Voting Common Stock (1,852 underlying)
Holdings
- 5,659
Restricted Stock Units
[F1][F4]→ Voting Common Stock (5,659 underlying) - 3,160
Restricted Stock Units
[F1][F5]→ Voting Common Stock (3,160 underlying) - 4,000
Restricted Stock Units
[F1][F6]→ Voting Common Stock (4,000 underlying) - 35,587
Restricted Stock Units
[F1][F7]→ Voting Common Stock (35,587 underlying)
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 9, 2027, 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 10, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F4]The RSUs vest in three equal annual installments beginning on December 9, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F5]The RSUs vest in two equal annual installments beginning on February 14, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F6]The RSUs will vest on February 22, 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 May 19, 2026, 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|2026-02-11