Live Oak Bancshares, Inc.: management transactions · United States · SEC (Form 4)

About Live Oak Bancshares, Inc.

Live Oak Bancshares, Inc. (NYSE: LOB) is a U.S.-based financial holding company headquartered in Wilmington, North Carolina, United States. The company was incorporated in December 2008 and built its franchise around Live Oak Banking Company, its principal banking subsidiary. For investors, Live Oak stands out from a traditional regional bank because it is built around a highly specialized, technology-enabled model focused on serving small businesses nationwide rather than operating a conventional branch network. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1462120/000146212026000020/lob-20251231.htm?utm_source=openai)) At the core of the business is small-business lending and deposit gathering, delivered through a national online platform. The bank specializes in lending and deposit-related services for small businesses across the United States, and a meaningful portion of its loans are supported by the U.S. Small Business Administration, including the SBA 7(a) program. That SBA orientation gives Live Oak a differentiated product mix and makes it especially relevant to entrepreneurs seeking structured financing solutions. Over time, the company has also broadened its model with additional business lines and capabilities, including Specialty Finance and other complementary activities tied to financial services innovation. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1462120/000146212026000020/lob-20251231.htm?utm_source=openai)) Live Oak’s competitive positioning is centered on specialization, digital origination, and deep vertical expertise. Rather than competing as a broad consumer or commercial bank, it targets niche industries and small business segments where relationship depth, underwriting expertise, and efficient nationwide distribution matter more than physical branch density. This model helps the company serve customers across the country while maintaining a leaner operating footprint than many larger banks. Its brand identity is strongly tied to being “America’s small business bank,” which reinforces the narrative of a focused, founder-led platform serving entrepreneurs. ([investor.liveoak.bank](https://investor.liveoak.bank/?utm_source=openai)) Recent developments have included a solid fourth quarter and full-year 2025 update. Live Oak reported fourth-quarter 2025 net income attributable to common shareholders of $44.1 million, or $0.95 per diluted share, and full-year 2025 net income of $102.8 million, or $2.23 per diluted share. Management also highlighted strong 2025 loan production of $6.21 billion, deposit growth of $1.93 billion, and total assets of $15.13 billion at year-end. In addition, the company raised $96.3 million through a preferred stock offering in the third quarter of 2025. SEC Form 4 filings and other insider-related disclosures have continued to attract investor attention as part of the normal monitoring of ownership activity at a publicly traded bank. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1462120/000146212026000004/lob-20260121exx991.htm?utm_source=openai)) Overall, Live Oak Bancshares is best viewed as a specialized U.S. banking platform listed on the NYSE in the United States, with a digitally distributed lending model, a strong SBA-linked franchise, and a focus on small-business banking rather than mass-market retail banking. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1462120/000146212026000020/lob-20251231.htm?utm_source=openai))