Moroz Mark Michael 4

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.