Form 4: LOB CFO Phifer Reports Stock Transactions

Live Oak Bancshares CFO Walter J. Phifer reported routine transactions involving the acquisition and disposition of company common stock and updates to his derivative holdings.

Summary

• Walter J. Phifer, Chief Financial Officer of Live Oak Bancshares, Inc. (LOB), reported transactions on December 15, 2025.
• Acquired 235 shares of Voting Common Stock through the exercise of Restricted Stock Units (RSUs).
• Disposed of 109 shares of Voting Common Stock at a price of $35.31 per share, likely to cover tax obligations related to the RSU vesting.
• Beneficial ownership of Voting Common Stock following these transactions is 6,712 shares.
• Holds various tranches of Restricted Stock Units (RSUs) with future vesting schedules, including 236, 69, 3,144, 8,012, 9,264, and 14,581 units.
• Holds 6,160 Employee Stock Options with an exercise price of $13.59, which are fully vested and exercisable until February 16, 2026.

Sentiment

Score: 5

Explanation: This Form 4 reports routine insider transactions related to equity compensation, including the exercise of restricted stock units and subsequent sale of shares for tax purposes. It does not indicate a significant positive or negative shift in company fundamentals or outlook.

Positives

• CFO Phifer exercised 235 Restricted Stock Units, converting them into common stock, indicating the realization of previously granted equity compensation.

Negatives

• CFO Phifer disposed of 109 shares of Voting Common Stock, likely to cover tax obligations associated with the RSU vesting and exercise, which reduces his direct ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions represent a minor, routine change in the direct beneficial ownership of a key executive, consistent with equity compensation plans.

Key Dates

Keywords

Live Oak Bancshares, LOB, Form 4, Insider Trading, Stock Transaction, CFO, Equity Compensation, Restricted Stock Units, Employee Stock Options