William C. Losch III, President of Live Oak Bancshares, Inc. (NYSE:LOB), filed a Form 4 on August 12, 2026, reporting transactions in Voting Common Stock dated August 10, 2026.

Key Highlights

  • RSU vesting: 42,000 restricted stock units converted to Voting Common Stock on August 10, 2026, via transaction code M.
  • Shares withheld for taxes: 18,665 shares were disposed of at $42.23 per share on August 10, 2026, via transaction code F.
  • Resulting direct ownership: Losch directly holds 235,613 shares of Voting Common Stock following the reported transactions.
  • Remaining RSU holdings: Seven separate RSU tranches remain outstanding, covering a combined 309,977 underlying shares, all held directly.
  • Reporting person role: Losch is identified in the filing as President of Live Oak Bancshares, Inc.

RSU Vesting and Share Withholding Transactions for Live Oak Bancshares President

According to the filing, William C. Losch III acquired 42,000 shares of Voting Common Stock on August 10, 2026, through the vesting of restricted stock units (RSUs) under transaction code M. Each RSU, as the filing explains, "represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock." The vested RSU tranche had originally been granted to vest in five equal annual installments beginning August 10, 2022, subject to the reporting person's continuous service to the company or a related entity.

Also on August 10, 2026, the filing reports that 18,665 shares were disposed of at a price of $42.23 per share under transaction code F, which typically reflects shares withheld to satisfy tax obligations at vesting. Following both transactions, Losch's direct beneficial ownership in Voting Common Stock stands at 235,613 shares, according to the filing.

In addition to the common stock position, the filing discloses seven remaining RSU tranches held directly by Losch. These tranches cover 1,264, 35,846, 150,000, 33,050, 36,123, and 52,694 underlying shares, with vesting schedules beginning on dates ranging from February 14, 2023, through February 9, 2027, each structured in five equal annual installments conditioned on continuous service. The filing was signed by Jonathan A. Greene, by Power of Attorney, on August 12, 2026.

What Was Disclosed

The filing reports RSU vesting of 42,000 shares and a same-day disposition of 18,665 shares at $42.23 each by Live Oak Bancshares' President on August 10, 2026, leaving a direct holding of 235,613 shares of Voting Common Stock.