Form 4: Live Oak Bancshares Officer Reports RSU Vesting, Stock Sale

Live Oak Bancshares' Chief Banking Officer, Mark Michael Moroz, reported the vesting of 4,000 restricted stock units and a subsequent sale of 1,778 shares for tax purposes.

Summary

• Mark Michael Moroz, Chief Banking Officer of Live Oak Bancshares, Inc. (LOB), reported transactions involving company stock.
• On February 23, 2026, 4,000 restricted stock units (RSUs) vested, converting into 4,000 shares of voting common stock.
• Concurrently, 1,778 shares of voting common stock were disposed of at a price of $38.3 per share, likely to cover tax obligations related to the RSU vesting.
• Following these transactions, Moroz beneficially owns 14,256 shares of voting common stock directly.
• Moroz also holds several other RSU grants with various vesting schedules extending into future years, totaling 65,980 unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, reflecting a routine executive compensation event (RSU vesting and tax-related sale) with no significant positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of 4,000 restricted stock units indicates a compensation event for the Chief Banking Officer.
• The officer retains a significant beneficial ownership of 14,256 shares of voting common stock, demonstrating continued alignment with shareholder interests.
• The officer holds substantial unvested RSU grants (65,980 units), indicating long-term commitment to the company.

Negatives

• A portion of the vested shares (1,778 shares) was sold, which is a reduction in direct ownership, though this is a common practice for tax withholding upon RSU vesting.

Future Outlook

The filing details future vesting schedules for various restricted stock unit grants held by the Chief Banking Officer, indicating continued long-term incentive compensation tied to future service to the company, with vesting dates extending from December 2025 through February 2027 and beyond for multi-year installments.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as RSU vesting and subsequent tax-related sales, are common across the banking industry. These events typically reflect standard executive compensation practices and do not inherently signal a change in company fundamentals or strategic direction. The continued holding of substantial unvested RSUs by a key executive is a positive sign of long-term alignment.

Related Party Transactions

• The reported transactions involve the Chief Banking Officer, Mark Michael Moroz, acquiring shares through RSU vesting and disposing of shares, which are considered related party transactions as they involve an insider of the company.

Stakeholder Impact

• Shareholders: The transactions are routine and reflect standard executive compensation, unlikely to have a material impact on shareholder value. The executive's continued significant equity holdings align interests.
• Employees: No direct impact on general employees is indicated.
• Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• Continued vesting of 1,580 RSUs in two equal annual installments beginning February 14, 2026.
• Continued vesting of 6,760 RSUs in four equal annual installments beginning February 12, 2026.
• Continued vesting of 8,982 RSUs in five equal annual installments beginning February 9, 2027.
• Continued vesting of 7,412 RSUs in five equal annual installments beginning February 10, 2026.
• Continued vesting of 5,659 RSUs in three equal annual installments beginning December 9, 2025.
• Continued vesting of 35,587 RSUs in five equal annual installments beginning May 19, 2026.

Key Dates

Recommendation

The filing details a routine insider transaction involving RSU vesting and a tax-related stock sale by a key executive. Such events are standard compensation practices and do not provide sufficient new information to warrant a change in investment recommendation. The executive's continued substantial equity holdings and future vesting schedules suggest ongoing alignment with company performance, supporting a 'hold' stance based solely on this filing.

Keywords

Live Oak Bancshares, LOB, Mark Michael Moroz, Chief Banking Officer, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Stock Sale, Executive Compensation