Form 4: Director Sally S. Davis Exercises Live Oak Bancshares RSUs

Director Sally S. Davis acquired 1,890 shares of Live Oak Bancshares, Inc. common stock through the vesting of restricted stock units.

Summary

• Director Sally S. Davis acquired 1,890 shares of voting common stock on May 1, 2026.
• The acquisition resulted from the vesting of 1,890 restricted stock units (RSUs).
• Following the transaction, the director holds a total of 12,640 shares of common stock.
• The transaction was executed at a conversion price of zero, as the RSUs represented a contingent right to receive shares upon vesting.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents standard director compensation rather than a discretionary market trade.

Positives

• Director maintains a direct equity stake in the company, aligning interests with shareholders.
• The transaction reflects the fulfillment of equity-based compensation plans for board members.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

Not applicable as this is a routine disclosure of director equity compensation.

Industry Context

StockSavvy.ai notes that routine equity vesting for directors is standard corporate governance practice and does not typically signal a change in strategic direction or market outlook.

Comparison to Industry Standards

• The transaction aligns with standard equity compensation practices for non-employee directors in the regional banking sector.
• The disclosure complies with SEC Section 16(a) reporting requirements for publicly traded financial institutions.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine equity vesting event.

Next Steps

• None identified.

Key Dates

Keywords

Live Oak Bancshares, LOB, Insider Trading, Form 4, Director Equity, Restricted Stock Units