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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1462120	Live Oak Bancshares Inc.	LOB	State Commercial Banks (6022)	264596286

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1737875	N Susan Janson	1741 Tiburon Drive Wilmington NC 28403	Chief Risk Off., Live Oak Bank	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Voting Common Stock	Disposition	2021-02-01	3,500	$40.09	30,460	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Voting Common Stock	Performance Restricted Stock Units	$0.00		2028-05-14	18,750	18,750	Direct
Voting Common Stock	Restricted Stock Units	$0.00			10,011	10,011	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2028-05-14	18,750	18,750	Direct
	10,011	10,011	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $40.09 to $40.11. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. In order for the PRSUs to vest, the Company's voting common stock must attain a closing price equal to or greater than $48.00 per share for at least twenty (20) consecutive trading days at any time prior to May 14, 2028.
Each restricted stock unit ("RSU") represents a right to receive one share of the Company's voting common stock.
The RSUs vest in five equal annual installments beginning on February 10, 2021, subject to the reporting person's continuous service to the Company or a related entity on such date.