CAIRNS MICHAEL (Chief Credit Officer) exercised options at LIVE OAK BANCSHARES, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

CAIRNS MICHAEL

Filed: 8/21/2026ACC: 0002030240-26-000007

InsiderCAIRNS MICHAELCIK 2030240

→

IssuerLIVE OAK BANCSHARES, INC.CIK 1462120

Officer· Chief Credit Officer

Since Feb 2026

-1.08K

Net shares

Net seller

$44.0K

Total sold

Open market trades

0B · 0S

Total transactions

2.42K acquired · 3.50K disposed

Non-Derivative Transactions2

Voting Common Stock

Direct

M · Option Exercise

+2.42K

Price / share

—

Trade value

—

% of position

23.8%

8/19/2026

10.18K→12.60K

Voting Common Stock

Direct

F · Tax Withholding

−1.08K

Price / share

$40.89

Trade value

$44K

% of position

8.5%

8/19/2026

12.60K→11.53K

Total

Net shares

+1.34K

Net value

-$44K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Voting Common Stock Direct	8/19/2026	M · Option Exercise	+2.42K	—	—	23.8%	10.18K	12.60K
Voting Common Stock Direct	8/19/2026	F · Tax Withholding	−1.08K	$40.89	$44K	8.5%	12.60K	11.53K
Total			+1.34K		-$44K

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Voting Common Stock

2.42K shares

−2.42K

Strike price

Held after

7.26K

Exercisable

—

8/19/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Voting Common Stock2.42K shares	8/19/2026	M · Option Exercise	−2.42K		—	7.26K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)5

Restricted Stock Units

Direct

Underlying security

Voting Common Stock

Underlying shares

2.84K

Shares owned

2.84K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Voting Common Stock

Underlying shares

236.00

Shares owned

236.00

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Voting Common Stock

Underlying shares

5.13K

Shares owned

5.13K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Voting Common Stock

Underlying shares

1.89K

Shares owned

1.89K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Voting Common Stock

Underlying shares

10.78K

Shares owned

10.78K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

20.87K

Owned

20.87K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Voting Common Stock	—	—	2.84K	2.84K
Restricted Stock Units Direct	Voting Common Stock	—	—	236.00	236.00
Restricted Stock Units Direct	Voting Common Stock	—	—	5.13K	5.13K
Restricted Stock Units Direct	Voting Common Stock	—	—	1.89K	1.89K
Restricted Stock Units Direct	Voting Common Stock	—	—	10.78K	10.78K
Total				20.87K	20.87K