Form 4: Live Oak Bancshares Officer's Stock Transactions

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

Summary

• Mark Michael Moroz, Chief Banking Officer of Live Oak Bancshares, Inc. (LOB), reported transactions on December 9, 2025.
• 2,829 shares of Voting Common Stock were acquired upon the vesting of Restricted Stock Units (RSUs).
• 1,258 shares of Voting Common Stock were disposed of at a price of $33.02 per share, likely to cover tax withholding obligations.
• Following these transactions, Moroz directly beneficially owns 8,878 shares of Voting Common Stock.
• Moroz also holds various tranches of Restricted Stock Units with future vesting dates extending through May 2026, February 2027, February 2028, February 2029, and February 2030, contingent on continuous service to the Company.

Sentiment

Score: 6

Explanation: The filing reports a routine vesting of restricted stock units and a subsequent sale of shares for tax purposes, which is a standard compensation event and does not indicate significant positive or negative operational news.

Positives

• Vesting of 2,829 Restricted Stock Units (RSUs) demonstrates the executive's continued participation in the company's long-term incentive plan.
• The executive retains a significant direct beneficial ownership of 8,878 shares of Voting Common Stock after the transactions.

Negatives

• The disposition of 1,258 shares of Voting Common Stock, although likely for tax withholding, reduces the executive's direct equity stake in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor dilution from RSU vesting, but also alignment of executive interests with long-term company performance.

Next Steps

• Vesting of 1,852 Restricted Stock Units (RSUs) on February 10, 2026.
• Vesting of 2,253 RSUs on February 12, 2026.
• Vesting of 1,580 RSUs on February 17, 2026.
• Vesting of 4,000 RSUs on February 22, 2026.
• Commencement of five pro-rata annual installments for 35,587 RSUs starting May 19, 2026.
• Vesting of 2,830 RSUs on December 9, 2026.
• Vesting of 1,853 RSUs on February 10, 2027.
• Vesting of 2,253 RSUs on February 12, 2027.
• Vesting of 1,580 RSUs on February 16, 2027.
• Vesting of 2,829 RSUs on December 9, 2027.
• Vesting of 1,853 RSUs on February 10, 2028.
• Vesting of 2,254 RSUs on February 14, 2028.
• Vesting of 1,853 RSUs on February 10, 2029.
• Vesting of 2,254 RSUs on February 12, 2029.
• Vesting of 1,853 RSUs on February 11, 2030.

Key Dates

Recommendation

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 executive compensation and typically do not provide new material information that would warrant a change in investment recommendation.

Keywords

Live Oak Bancshares, LOB, Mark Michael Moroz, Chief Banking Officer, Form 4, Insider Trading, Restricted Stock Units, RSU vesting, stock transaction