Form 4: Live Oak Bancshares Officer Reports Stock Transactions

Sentiment:

Insider Transaction Report 19 February 2026 5:04 PM

📋All filings for Live Oak Bancshares, INC

Live Oak Bancshares' Chief Experience Officer, Courtney Spencer, reported the acquisition of common stock through RSU conversion and subsequent sale for tax obligations.

Summary

Courtney Spencer, Chief Experience Officer of Live Oak Bancshares, Inc. (LOB), reported transactions on February 17, 2026.
Acquired 1,580 shares of Live Oak Bancshares, Inc. voting common stock through the conversion of Restricted Stock Units (RSUs).
Disposed of 702 shares of voting common stock at a price of $40.75 per share to cover tax liabilities related to the RSU vesting.
Direct beneficial ownership after these transactions is 29,425 shares.
Indirect beneficial ownership by spouse is 153.7958 shares.
Remaining Restricted Stock Units include tranches of 6,384, 5,690, 6,586, 5,701, and 2,000 units, each with specific vesting schedules.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it reflects routine executive compensation and RSU vesting, indicating continued employee retention and alignment, with the disposition being a standard tax-related sale.

Positives

Officer's continued vesting of Restricted Stock Units indicates ongoing commitment and alignment with company performance and long-term retention.

Future Outlook

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, reflecting routine compensation events such as RSU vesting and subsequent tax-related sales. This activity is common among executives and generally does not signal a change in strategic direction or financial health, but rather the execution of pre-planned equity compensation.

Stakeholder Impact

Shareholders: Minor dilution from RSU conversion, but offset by tax sale. Overall, reflects standard executive compensation practices.
Employees: Demonstrates the company's equity compensation structure for executives.

Next Steps

Future vesting of remaining Restricted Stock Units on various dates, subject to continuous service to the Company or a related entity.

Key Dates

Date	Description
02/14/2023	Start of vesting for a tranche of RSUs in five equal annual installments.
02/22/2023	Vesting date for 2,000 RSUs.
02/13/2024	Start of vesting for a tranche of RSUs in five equal annual installments.
02/22/2024	Vesting date for 2,000 RSUs.
02/12/2025	Start of vesting for a tranche of RSUs in five equal annual installments.
02/22/2025	Vesting date for 2,000 RSUs.
02/10/2026	Start of vesting for a tranche of RSUs in five equal annual installments.
02/17/2026	Transaction date for RSU conversion and disposition of common stock.
02/19/2026	Signature date of the Form 4 filing.
02/22/2026	Vesting date for 2,000 RSUs.
02/09/2027	Start of vesting for a tranche of RSUs in five equal annual installments.

Recommendation

hold

This Form 4 filing details a routine insider transaction involving the vesting of Restricted Stock Units and a subsequent sale of shares to cover tax obligations. Such transactions are common for executives and do not typically indicate a change in the company's fundamental outlook or performance. Therefore, a 'hold' recommendation is appropriate as this filing provides no new material information to alter an existing investment thesis.

Keywords

Live Oak Bancshares, LOB, Courtney Spencer, SEC Form 4, Insider Trading, Restricted Stock Units, RSU conversion, stock transaction, officer stock ownership

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