Gregory W. Seward, General Counsel of Live Oak Bancshares, Inc., filed a Form 4 on October 28, 2026, reporting the sale of 5,000 shares of voting common stock on October 26, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Gregory W. Seward, General Counsel of Live Oak Bancshares, Inc. (NYSE:LOB)
  • First sale: 4,514 shares disposed of on October 26, 2026, at a weighted average price of $35.2602, with individual trade prices ranging from $34.67 to $35.58
  • Second sale: 486 shares disposed of on October 26, 2026, at a weighted average price of $35.7734, with individual trade prices ranging from $35.73 to $35.82
  • Post-transaction ownership: 108,797 shares of voting common stock held directly following both transactions
  • Trading plan: Both sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Seward on February 27, 2026
  • Restricted stock units: Seward also holds 50,325 RSUs across five tranches, each representing a contingent right to receive one share of voting common stock

Seward's October 26 Share Sales and Remaining Holdings at Live Oak Bancshares

According to the filing, Gregory W. Seward, serving as General Counsel of Live Oak Bancshares, Inc. (NYSE:LOB), sold a combined 5,000 shares of the company's voting common stock on October 26, 2026. The filing indicates both transactions were carried out under a Rule 10b5-1 trading plan that Seward adopted on February 27, 2026. The box on the form indicating a Rule 10b5-1(c) plan is checked.

The first transaction involved 4,514 shares disposed of at a weighted average price of $35.2602, with individual trades executed at prices ranging from $34.67 to $35.58. The second transaction covered 486 shares at a weighted average price of $35.7734, with individual trades priced between $35.73 and $35.82. Following both sales, the filing reports Seward holds 108,797 shares of voting common stock directly. The filing notes that full trade-level detail is available upon request to SEC staff, the issuer, or a security holder.

The filing also discloses that Seward holds five separate tranches of restricted stock units (RSUs), totaling 50,325 RSUs, each representing a contingent right to receive one share of Live Oak Bancshares voting common stock. The tranches vest in five equal annual installments beginning on February 14, 2023; February 13, 2024; February 12, 2025; February 10, 2026; and February 9, 2027, respectively, subject to continuous service. The RSU tranches carry remaining balances of 2,370; 23,898; 8,262; 7,412; and 8,383 units. The form was signed by Jonathan A. Greene by power of attorney on October 28, 2026.

What Was Disclosed

Live Oak Bancshares General Counsel Gregory W. Seward disclosed the sale of 5,000 shares of voting common stock on October 26, 2026, under a pre-established Rule 10b5-1 plan, leaving him with 108,797 directly held shares plus 50,325 unvested RSUs across five tranches.