Gregory W. Seward, an officer of Live Oak Bancshares, Inc., filed a Form 144 notice on October 26, 2026, indicating a proposed sale of 5,000 shares of the company's common stock on the NYSE.

Key Highlights

  • Proposed seller: Gregory W. Seward, listed as an officer of Live Oak Bancshares, Inc.
  • Shares proposed for sale: 5,000 shares of common stock, with an aggregate market value of $176,550.29 according to the filing.
  • Shares outstanding: The filing states 46,283,620 shares of common stock outstanding.
  • Approximate date of sale: October 26, 2026, through Fidelity Brokerage Services LLC.
  • Securities acquired via restricted stock vesting: 3,593 shares vested on November 24, 2020, and 1,407 shares vested on February 10, 2021, both from the issuer as compensation.
  • Rule 10b5-1 plan: The filing indicates a plan adoption date of February 27, 2026.
  • Prior three-month sales: The filing reports nothing to report for securities sold in the past three months.

Seward Proposes Rule 144 Sale of Vested Restricted Stock at Live Oak Bancshares

According to the Form 144 filed with the U.S. Securities and Exchange Commission, Gregory W. Seward, an officer at Live Oak Bancshares, Inc. (NYSE:LOB), has provided notice of a proposed sale of 5,000 shares of the company's common stock. The filing identifies Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, Rhode Island 02917, as the broker for the proposed transaction. The aggregate market value of the shares proposed for sale is listed as $176,550.29 in the filing.

The filing discloses that the shares to be sold were acquired through restricted stock vesting events. Specifically, 3,593 shares were acquired on November 24, 2020, and 1,407 shares were acquired on February 10, 2021, both described as compensation received from the issuer. The filing notes no securities were sold by Seward in the three months preceding the notice date.

The notice indicates that Seward is relying on a Rule 10b5-1 trading plan, with the filing listing a plan adoption date of February 27, 2026. The Form 144 was signed by Gary Redman as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Gregory Seward. Live Oak Bancshares, Inc. is headquartered at 1741 Tiburon Drive, Wilmington, North Carolina 28403, and carries SEC file number 001-37497.

What Was Disclosed

Live Oak Bancshares officer Gregory W. Seward filed a Form 144 notice proposing to sell 5,000 shares of common stock, valued at $176,550.29 in the filing, on October 26, 2026, under a Rule 10b5-1 plan adopted February 27, 2026.