LOB

SEC source: 0001209191-20-060925 · doc4.xml · derivative · entry 3

Seward Gregory W · CIK 0001656656 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,000

Underlying: Voting Common Stock · 8,000 shares

Expires 2028-08-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company"), voting common stock.

F2 · derivative.exercise_date: Eight thousand of the PRSUs vested on November 27, 2020. The vesting of these PRSUs was contingent upon the Company's voting common stock attaining a closing price equal to or greater than $35.00 per share for at least twenty (20) consecutive trading days at any time prior to August 10, 2028. On November 27, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that these PRSUs were vested. Eight thousand of the remaining PRSUs will vest upon each attainment of closing stock prices of $40.00 per share, $45.00 per share, $50.00 per share, and $55.00 per share once they are attained for at least twenty (20) consecutive trading days at any time prior to August 10, 2028.

SEC source: 0001209191-20-060925 · doc4.xml · nonDerivative · entry 2

Seward Gregory W · CIK 0001656656 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,117

SEC source: 0001209191-20-060925 · doc4.xml · nonDerivative · entry 1

Seward Gregory W · CIK 0001656656 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,694

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company"), voting common stock.

SEC source: 0001209191-20-060924 · doc4.xml · derivative · entry 3

Garriott Huntley · CIK 0001754522 · President, Live Oak Bank

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 400,000

Underlying: Voting Common Stock · 100,000 shares

Expires 2029-02-11

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each performance restricted stock ("PRSU") unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

F2 · derivative.exercise_date: One hundred thousand of the PRSUs vested on November 27, 2020. The vesting of these PRSUs was contingent upon the Company's voting common stock attaining a closing price equal to or greater than $35.00 per share for at least twenty (20) consecutive trading days at any time prior to February 11, 2029. On November 27, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that these PRSUs were vested. One hundred thousand of the remaining PRSUs will vest upon each attainment of closing stock prices of $40.00 per share, $45.00 per share, $50.00 per share, and $55.00 per share once they are attained for at least twenty (20) consecutive trading days at any time prior to February 11, 2029.

SEC source: 0001209191-20-060924 · doc4.xml · nonDerivative · entry 2

Garriott Huntley · CIK 0001754522 · President, Live Oak Bank

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 140,394

SEC source: 0001209191-20-060924 · doc4.xml · nonDerivative · entry 1

Garriott Huntley · CIK 0001754522 · President, Live Oak Bank

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 185,094

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each performance restricted stock ("PRSU") unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

SEC source: 0001209191-20-060628 · doc4.xml · derivative · entry 3

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Voting Common Stock · 50,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each performance restricted stock unit ("RSU") represents a right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

F2 · derivative.exercise_date: The RSUs vested on November 24, 2020. The vesting of the RSUs was subject to the Company achieving total revenue of at least $100 million for the period from October 1, 2016 through September 30, 2017. This condition was satisfied as of September 30, 2017. Vesting was also contingent upon the Company's voting common stock obtaining a closing price equal to or greater than $34.00 per share for at least 20 consecutive trading days at any time prior to November 30, 2023. On November 24, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that the RSUs were vested.

F2 · derivative.expiration_date: The RSUs vested on November 24, 2020. The vesting of the RSUs was subject to the Company achieving total revenue of at least $100 million for the period from October 1, 2016 through September 30, 2017. This condition was satisfied as of September 30, 2017. Vesting was also contingent upon the Company's voting common stock obtaining a closing price equal to or greater than $34.00 per share for at least 20 consecutive trading days at any time prior to November 30, 2023. On November 24, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that the RSUs were vested.

SEC source: 0001209191-20-060628 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 291,601

SEC source: 0001209191-20-060628 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 313,952

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each performance restricted stock unit ("RSU") represents a right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

SEC source: 0001209191-20-060630 · doc4.xml · derivative · entry 3

Smits Steve · CIK 0001648958 · Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Voting Common Stock · 100,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company"), voting common stock.

F2 · derivative.exercise_date: The RSUs vested on November 24, 2020. The vesting of the RSUs was subject to the Company achieving total revenue of at least $100 million for the period from October 1, 2016 through September 30, 2017. This condition was satisfied as of September 30, 2017. Vesting was also contingent upon the Company's voting stock obtaining a closing price equal to or greater than $34.00 per share for at least 20 consecutive trading days at any time prior to November 30, 2023. On November 24, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and the RSUs were vested.

F2 · derivative.expiration_date: The RSUs vested on November 24, 2020. The vesting of the RSUs was subject to the Company achieving total revenue of at least $100 million for the period from October 1, 2016 through September 30, 2017. This condition was satisfied as of September 30, 2017. Vesting was also contingent upon the Company's voting stock obtaining a closing price equal to or greater than $34.00 per share for at least 20 consecutive trading days at any time prior to November 30, 2023. On November 24, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and the RSUs were vested.

SEC source: 0001209191-20-060630 · doc4.xml · nonDerivative · entry 2

Smits Steve · CIK 0001648958 · Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 105,429.978

SEC source: 0001209191-20-060630 · doc4.xml · nonDerivative · entry 1

Smits Steve · CIK 0001648958 · Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,130.978

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company"), voting common stock.

SEC source: 0001209191-20-060629 · doc4.xml · derivative · entry 3

Seward Gregory W · CIK 0001656656 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Voting Common Stock · 25,000 shares

Expires 2023-11-30

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company"), voting common stock.

F2 · derivative.exercise_date: The RSUs vested on November 24, 2020. The vesting of the RSUs was subject to the Company achieving total revenue of at least $100 million for the period from October 1, 2016 through September 30, 2017. This condition was satisfied on September 30, 2017. Vesting was also contingent upon the Company's voting common stock obtaining a closing price equal to or greater than $34.00 per share for at least 20 consecutive trading days at any time prior to November 30, 2023. On November 24, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that the RSUs were vested.

SEC source: 0001209191-20-060629 · doc4.xml · nonDerivative · entry 2

Seward Gregory W · CIK 0001656656 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,694

SEC source: 0001209191-20-060629 · doc4.xml · nonDerivative · entry 1

Seward Gregory W · CIK 0001656656 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,869

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company"), voting common stock.

SEC source: 0001209191-20-060626 · doc4.xml · derivative · entry 5

Underwood Neil Lawrence · CIK 0001337412 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Voting Common Stock · 600,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company"), voting common stock.

F2 · derivative.exercise_date: The RSUs vested on November 24, 2020. The vesting of the RSUs was subject to the Company achieving total revenue of at least $100 million for fiscal year 2016. This condition was satisfied as of December 31, 2016. Vesting was also contingent upon the Company's voting common stock obtaining a closing price equal to or greater than $34.00 per share for at least 20 consecutive trading days at any time prior to March 23, 2023. On November 24, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that the RSUs were vested.

F2 · derivative.expiration_date: The RSUs vested on November 24, 2020. The vesting of the RSUs was subject to the Company achieving total revenue of at least $100 million for fiscal year 2016. This condition was satisfied as of December 31, 2016. Vesting was also contingent upon the Company's voting common stock obtaining a closing price equal to or greater than $34.00 per share for at least 20 consecutive trading days at any time prior to March 23, 2023. On November 24, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that the RSUs were vested.

SEC source: 0001209191-20-060626 · doc4.xml · nonDerivative · entry 2

Underwood Neil Lawrence · CIK 0001337412 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 331,800

SEC source: 0001209191-20-060626 · doc4.xml · nonDerivative · entry 1

Underwood Neil Lawrence · CIK 0001337412 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 600,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company"), voting common stock.

SEC source: 0001209191-20-060627 · doc4.xml · derivative · entry 3

SUTHERLAND JOHN W. · CIK 0001635154 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Voting Common Stock · 25,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company"), voting common stock.

F2 · derivative.exercise_date: The RSUs vested on November 24, 2020. The vesting of the RSUs was subject to the Company achieving total revenue of at least $100 million for the period from October 1, 2016 through September 30, 2017. This condition was satisfied as of September 30, 2017. Vesting was also contingent upon the Company's voting common stock obtaining a closing price equal to or greater than $34.00 per share for at least 20 consecutive trading days at any time prior to November 30, 2023. On November 24, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that the RSUs were vested.

F2 · derivative.expiration_date: The RSUs vested on November 24, 2020. The vesting of the RSUs was subject to the Company achieving total revenue of at least $100 million for the period from October 1, 2016 through September 30, 2017. This condition was satisfied as of September 30, 2017. Vesting was also contingent upon the Company's voting common stock obtaining a closing price equal to or greater than $34.00 per share for at least 20 consecutive trading days at any time prior to November 30, 2023. On November 24, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that the RSUs were vested.

SEC source: 0001209191-20-060627 · doc4.xml · nonDerivative · entry 2

SUTHERLAND JOHN W. · CIK 0001635154 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,287

SEC source: 0001209191-20-060627 · doc4.xml · nonDerivative · entry 1

SUTHERLAND JOHN W. · CIK 0001635154 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,462

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company"), voting common stock.

SEC source: 0001209191-20-059622 · doc4.xml · derivative · entry 2

Glossman Diane Beth · CIK 0001545352 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,500

Underlying: Voting Common Stock · 22,500 shares

Expires 2024-09-19

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: The shares subject to this option vest and become exercisable yearly in seven installments beginning on September 19, 2015, as follows: 10% of the shares subject to the option vest on each of September 19, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vest on each of September 19, 2020 and 2021.

SEC source: 0001209191-20-059622 · doc4.xml · nonDerivative · entry 1

Glossman Diane Beth · CIK 0001545352 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,592

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-20-059038 · doc4.xml · derivative · entry 1

Bradford Tonya Williams · CIK 0001824584 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,291

Underlying: Voting Common Stock · 1,291 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

F2 · derivative.exercise_date: The restricted stock units vest on November 16, 2021.

F2 · derivative.expiration_date: The restricted stock units vest on November 16, 2021.

SEC source: 0001209191-20-057454 · doc4.xml · derivative · entry 3

LANDIS H K · CIK 0001045064 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,000

Underlying: Voting Common Stock · 15,000 shares

Expires 2024-03-26

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: The shares subject to this option vest and become exercisable yearly in seven installments beginning on March 26, 2015, as follows: 10% of the shares subject to the option vest on each of March 26, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vest on each of March 26, 2020 and 2021.

SEC source: 0001209191-20-057454 · doc4.xml · nonDerivative · entry 2

LANDIS H K · CIK 0001045064 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 198,300

F1 · price: This transaction was executed in multiple trades at prices ranging from $40.55 to $40.80. 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 trades were effected.

SEC source: 0001209191-20-057454 · doc4.xml · nonDerivative · entry 1

LANDIS H K · CIK 0001045064 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 213,300

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-20-056426 · doc4.xml · nonDerivative · entry 3

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,487,161

F3 · price: This transaction was executed in multiple trades at prices ranging from $37.13 to $37.55. 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 trades were effected.

SEC source: 0001209191-20-056426 · doc4.xml · nonDerivative · entry 2

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,480,976

F2 · price: This transaction was executed in multiple trades at prices ranging from $36.06 to $36.951. 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 trades were effected.

SEC source: 0001209191-20-056426 · doc4.xml · nonDerivative · entry 1

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,468,761

F1 · price: This transaction was executed in multiple trades at prices ranging from $35.05 to $36.02. 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 trades were effected.

SEC source: 0001209191-20-056113 · doc4.xml · nonDerivative · entry 4

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,462,961

F4 · price: This transaction was executed in multiple trades at prices ranging from $34.12 to $34.831. 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 trades were effected.

SEC source: 0001209191-20-056113 · doc4.xml · nonDerivative · entry 3

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,412,961

F3 · price: This transaction was executed in multiple trades at prices ranging from $34.78 to $35.00. 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 trades were effected.

SEC source: 0001209191-20-056113 · doc4.xml · nonDerivative · entry 2

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,387,345

F2 · price: This transaction was executed in multiple trades at prices ranging from $33.77 to $34.73. 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 trades were effected.

SEC source: 0001209191-20-056113 · doc4.xml · nonDerivative · entry 1

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,370,501

F1 · price: This transaction was executed in multiple trades at prices ranging from $33.02 to $33.85. 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 trades were effected.

SEC source: 0001209191-20-054725 · doc4.xml · nonDerivative · entry 1

Cameron William Henderson · CIK 0001373716 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By William H. Cameron Revocable Trust

Disclosed balance after: 146,549

F1 · shares: On September 9, 2019, the Reporting Person contributed 28,000 shares to a Grantor Retained Annuity Trust (the "GRAT"). On September 9, 2020, the trustee of the GRAT distributed 6,262 shares to the Reporting Person's Revocable Trust in satisfaction of the GRAT's annuity obligation to the Reporting Person.

SEC source: 0001209191-20-048596 · doc4.xml · nonDerivative · entry 2

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,308,577

F2 · price: This transaction was executed in multiple trades at prices ranging from $20.21 to $20.45. 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 trades were effected.

SEC source: 0001209191-20-048596 · doc4.xml · nonDerivative · entry 1

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,272,077

F1 · price: This transaction was executed in multiple trades at prices ranging from $20.09 to $20.90. 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 trades were effected.

SEC source: 0001209191-20-048202 · doc4.xml · nonDerivative · entry 2

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,235,250

F2 · price: This transaction was executed in multiple trades at prices ranging from $19.95 to $20.00. 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 trades were effected.

SEC source: 0001209191-20-048202 · doc4.xml · nonDerivative · entry 1

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,216,986

F1 · price: This transaction was executed in multiple trades at prices ranging from $19.39 to $19.86. 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 trades were effected.

SEC source: 0001209191-20-047872 · doc4.xml · nonDerivative · entry 2

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,178,097

F2 · price: This transaction was executed in multiple trades at prices ranging from $19.31 to $19.86. 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 trades were effected.

SEC source: 0001209191-20-047872 · doc4.xml · nonDerivative · entry 1

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,141,796

F1 · price: This transaction was executed in multiple trades at prices ranging from $18.82 to $19.50. 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 trades were effected.

SEC source: 0001209191-20-047432 · doc4.xml · nonDerivative · entry 2

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,120,596

F2 · price: This transaction was executed in multiple trades at prices ranging from $18.74 to $18.955. 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 trades were effected.

SEC source: 0001209191-20-047432 · doc4.xml · nonDerivative · entry 1

MAHAN JAMES S III · CIK 0001036743 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By James S. Mahan Revocable Trust

Disclosed balance after: 3,100,218

F1 · price: This transaction was executed in multiple trades at prices ranging from $19.09 to $19.33. 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 trades were effected.

SEC source: 0001209191-20-044179 · doc4.xml · nonDerivative · entry 1

WILLIAMS WILLIAM L. III · CIK 0001635831 · Director · Vice Chairman & EVP

10b5-1 filing: Not disclosed

Ownership: Indirect · By Elizabeth L. Williams

Disclosed balance after: 1,250

SEC source: 0001209191-20-029272 · doc4.xml · derivative · entry 2

LANDIS H K · CIK 0001045064 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,160

Underlying: Voting Common Stock · 4,160 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

F2 · derivative.exercise_date: The restricted stock units vest on May 1, 2021.

F2 · derivative.expiration_date: The restricted stock units vest on May 1, 2021.

SEC source: 0001209191-20-029270 · doc4.xml · derivative · entry 2

Hoffsis Glen F. · CIK 0001647117 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,160

Underlying: Voting Common Stock · 4,160 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

F2 · derivative.exercise_date: The restricted stock units vest on May 1, 2021.

F2 · derivative.expiration_date: The restricted stock units vest on May 1, 2021.

SEC source: 0001209191-20-029273 · doc4.xml · derivative · entry 2

Petty Miltom Emmett · CIK 0001647098 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,160

Underlying: Voting Common Stock · 4,160 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

F2 · derivative.exercise_date: The restricted stock units vest on May 1, 2021.

F2 · derivative.expiration_date: The restricted stock units vest on May 1, 2021.

SEC source: 0001209191-20-029274 · doc4.xml · derivative · entry 2

SALYERS DAVID G · CIK 0001715287 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,160

Underlying: Voting Common Stock · 4,160 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

F2 · derivative.exercise_date: The restricted stock units vest on May 1, 2021.

F2 · derivative.expiration_date: The restricted stock units vest on May 1, 2021.

SEC source: 0001209191-20-029269 · doc4.xml · derivative · entry 2

Glossman Diane Beth · CIK 0001545352 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,160

Underlying: Voting Common Stock · 4,160 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

F2 · derivative.exercise_date: The restricted stock units vest on May 1, 2021.

F2 · derivative.expiration_date: The restricted stock units vest on May 1, 2021.

SEC source: 0001209191-20-029268 · doc4.xml · derivative · entry 3

Cameron William Henderson · CIK 0001373716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,160

Underlying: Voting Common Stock · 4,160 shares

Expires not disclosed

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

F3 · derivative.exercise_date: The restricted stock units vest on May 1, 2021.

F3 · derivative.expiration_date: The restricted stock units vest on May 1, 2021.