Caines S. Brett

SEC source: 0001209191-21-026118 · 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 · 10,000 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: Ten thousand of the PRSUs vested on April 6, 2021. The vesting of these PRSUs was contingent upon the Company's voting common stock attaining a closing price equal to or greater than $55.00 per share for at least twenty (20) consecutive trading days at any time prior to August 10, 2028. On April 6, 2021, 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.

SEC source: 0001209191-21-026118 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 322,406

SEC source: 0001209191-21-026118 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 326,876

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: 0001209191-21-022897 · doc4.xml · derivative · entry 3

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,000

Underlying: Voting Common Stock · 10,000 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: Ten thousand of the PRSUs vested on March 22, 2021. The vesting of these PRSUs was contingent upon the Company's voting common stock attaining a closing price equal to or greater than $50.00 per share for at least twenty (20) consecutive trading days at any time prior to August 10, 2028. On March 22, 2021, 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. Ten thousand of the remaining PRSUs will vest upon the attainment of closing stock prices of $55.00 per share attained for at least twenty (20) consecutive trading days at any time prior to August 10, 2028.

SEC source: 0001209191-21-022897 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 316,876

SEC source: 0001209191-21-022897 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 321,347

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: 0001209191-21-013905 · doc4.xml · derivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,000

Underlying: Voting Common Stock · 5,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Each 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 vest in five equal annual installments beginning on February 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.

F2 · derivative.expiration_date: The RSUs vest in five equal annual installments beginning on February 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.

SEC source: 0001209191-21-010293 · doc4.xml · derivative · entry 3

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,009

Underlying: Voting Common Stock · 2,002 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 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: 2,002 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 2,003 of the RSUs will vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.

F2 · derivative.expiration_date: 2,002 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 2,003 of the RSUs will vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.

SEC source: 0001209191-21-010293 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 311,347

SEC source: 0001209191-21-010293 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 311,942

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

SEC source: 0001209191-21-003891 · doc4.xml · derivative · entry 3

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,000

Underlying: Voting Common Stock · 10,000 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 right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

F2 · derivative.exercise_date: Ten thousand of the PRSUs vested on January 13, 2021. The vesting of these PRSUs was contingent upon the Company's voting common stock attaining a closing price equal to or greater than $45.00 per share for at least twenty (20) consecutive trading days at any time prior to August 10, 2028. On January 13, 2021, 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. Ten thousand of the remaining PRSUs will vest upon each attainment of closing stock prices of $50.00 per share and $55.00 per share attained for at least twenty (20) consecutive trading days at any time prior to August 10, 2028.

SEC source: 0001209191-21-003891 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 309,940

SEC source: 0001209191-21-003891 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 314,555

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 right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

SEC source: 0001209191-20-062561 · doc4.xml · derivative · entry 3

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,000

Underlying: Voting Common Stock · 10,000 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 right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

F2 · derivative.exercise_date: Ten thousand of the PRSUs vested on December 8, 2020. The vesting of these PRSUs was contingent upon the Company's voting common stock attaining a closing price equal to or greater than $40.00 per share for at least twenty (20) consecutive trading days at any time prior to August 10, 2028. On December 8, 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. Ten thousand of the remaining PRSUs will vest upon each attainment of closing stock prices of $45.00 per share, $50.00 per share, and $55.00 per share attained for at least twenty (20) consecutive trading days at any time prior to August 10, 2028.

SEC source: 0001209191-20-062561 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 304,555

SEC source: 0001209191-20-062561 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 309,025

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 right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

SEC source: 0001209191-20-061824 · 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 · 3,427 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 ("PRSU") represents a right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

F2 · derivative.exercise_date: The PRSUs vested on December 2, 2020. The vesting of the PRSUs was subject to the Company achieving total revenue of at least $100 million for the period from January 1, 2017 through December 31, 2017. This condition was satisfied on December 31, 2017. Vesting was also contingent upon the Company's voting common stock attaining a closing price equal to or greater than $38.00 per share for at least twenty (20) consecutive trading days at any time prior to January 31, 2024. On December 2, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that the PRSUs were vested.

F2 · derivative.expiration_date: The PRSUs vested on December 2, 2020. The vesting of the PRSUs was subject to the Company achieving total revenue of at least $100 million for the period from January 1, 2017 through December 31, 2017. This condition was satisfied on December 31, 2017. Vesting was also contingent upon the Company's voting common stock attaining a closing price equal to or greater than $38.00 per share for at least twenty (20) consecutive trading days at any time prior to January 31, 2024. On December 2, 2020, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that the PRSUs were vested.

SEC source: 0001209191-20-061824 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 299,025

SEC source: 0001209191-20-061824 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 300,557

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 right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

SEC source: 0001209191-20-060955 · doc4.xml · derivative · entry 3

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,000

Underlying: Voting Common Stock · 10,000 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 right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

F2 · derivative.exercise_date: Ten 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. Ten 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 attained for at least twenty (20) consecutive trading days at any time prior to August 10, 2028.

SEC source: 0001209191-20-060955 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 297,130

SEC source: 0001209191-20-060955 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 301,601

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 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: 0001209191-20-008830 · doc4.xml · derivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,011

Underlying: Voting Common Stock · 10,011 shares

Expires not disclosed

F1 · derivative.exercise_price: Each 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 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001209191-19-009835 · doc4.xml · derivative · entry 3

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,000

Underlying: Voting Common Stock · 50,000 shares

Expires 2028-08-10

F1 · derivative.exercise_price: See Remarks.

F1 · derivative.exercise_date: See Remarks.

SEC source: 0001209191-19-009835 · doc4.xml · derivative · entry 2

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 2025-08-10

F1 · derivative.exercise_price: See Remarks.

F1 · derivative.exercise_date: See Remarks.

SEC source: 0001209191-18-046649 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 263,952

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F3 · price: This transaction was executed in multiple trades at prices ranging from $29.55 to $29.80. 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: 0001209191-18-046649 · doc4.xml · derivative · entry 3

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,000

Underlying: Voting Common Stock · 50,000 shares

Expires 2025-08-10

F4 · 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. A portion of the RSUs will vest if the Company's voting common stock attains various closing prices for at least twenty consecutive trading days at any time prior to August 10, 2025, in accordance with the following: 2.5% of the RSUs will vest upon the attainment of closing stock prices of $35.00 per share, $40.00 per share, $45.00 per share, and $50.00 per share, and 90% of the RSUs will vest upon the attainment of a closing stock price of $55.00 per share.

F4 · derivative.exercise_date: Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. A portion of the RSUs will vest if the Company's voting common stock attains various closing prices for at least twenty consecutive trading days at any time prior to August 10, 2025, in accordance with the following: 2.5% of the RSUs will vest upon the attainment of closing stock prices of $35.00 per share, $40.00 per share, $45.00 per share, and $50.00 per share, and 90% of the RSUs will vest upon the attainment of a closing stock price of $55.00 per share.

SEC source: 0001209191-18-046649 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 267,326

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades at prices ranging from $29.70 to $29.85. 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: 0001209191-18-046213 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 270,685

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F3 · price: This transaction was executed in multiple trades at prices ranging from $29.70 to $29.975. 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: 0001209191-18-046213 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 274,040

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades at prices ranging from $29.55 to $29.70. 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: 0001209191-18-045855 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 277,419

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F3 · price: This transaction was executed in multiple trades at prices ranging from $29.25 to $29.80. 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: 0001209191-18-045855 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 280,808

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades at prices ranging from $29.55 to $30.00. 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: 0001209191-18-045531 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 284,170

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades ranging from $29.30 to $29.90. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-045300 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 287,556

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F3 · price: This transaction was executed in multiple trades ranging from $29.37 to $29.50. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-045300 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 290,960

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades ranging from $28.60 to $28.67. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-044782 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 294,454

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades ranging from $27.75 to $28.00. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-030578 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 298,027

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades ranging from $28.50 to $28.95. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-029592 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 301,511

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F3 · price: This transaction was executed in multiple trades ranging from $28.95 to $29.20. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-029592 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 304,949

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades ranging from $28.85 to $29.05. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-028911 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 308,405

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F3 · price: This transaction was executed in multiple trades ranging from $28.75 to $29.00. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-028911 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 311,873

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades ranging from $28.70 to $29.00. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-028357 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 315,336

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F3 · price: This transaction was executed in multiple trades ranging from $28.30 to $28.40. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-028357 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 318,865

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades ranging from $28.15 to $28.50. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-028084 · doc4.xml · nonDerivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 322,403

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F3 · price: This transaction was executed in multiple trades ranging from $27.90 to $28.50. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-028084 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 325,948

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades ranging from $28.10 to $28.625. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-027397 · doc4.xml · nonDerivative · entry 1

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 329,476

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2017.

F2 · price: This transaction was executed in multiple trades ranging from $27.65 to $27.80. 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 full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001209191-18-021508 · doc4.xml · derivative · entry 2

Caines S. Brett · CIK 0001647119 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,000

Underlying: Voting Common Stock · 50,000 shares

Expires 2025-03-21

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. In order for the RSUs 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 March 21, 2025.

F1 · derivative.exercise_date: Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. In order for the RSUs 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 March 21, 2025.