Live Oak Bancshares (LOB) Chief Accounting Officer Diffley Receives RSU Award

What Happened

• Matthew S. Diffley, Chief Accounting Officer of Live Oak Bancshares, was granted 4,620 restricted stock units (RSUs) on August 17, 2026. The Form 4 reports the acquisition as a grant (code A) at $0.00 (no immediate cash paid or sale proceeds reported).
• This was an equity award, not an open-market purchase or sale, so it does not represent an immediate investment or liquidity event.

Key Details

• Transaction date and price: 2026-08-17; 4,620 RSUs granted; reported price $0.00 (award/derivative).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnotes: F1 — each RSU represents a contingent right to one share of common stock; F2 — RSUs vest in five equal annual installments beginning August 17, 2027, subject to continued service.
• Filing timeliness: Form filed 2026-08-19 for the 2026-08-17 grant (filed within the usual 2-business-day window).

Context

• RSU grants are a common form of executive compensation and typically vest over time; they do not indicate a purchase or sale by the insider. These RSUs will convert to shares only as they vest, assuming continued service per the vesting schedule.