X0306 4 2022-02-10 0 0001462120 Live Oak Bancshares, Inc. LOB 0001648958 Smits Steve 1741 TIBURON DRIVE WILMINGTON NC 28403 0 1 0 0 Chief Credit Officer Voting Common Stock 2022-02-10 4 M 0 3003 A 169969.978 I By Steven Joseph Smits Revocable Trust Voting Common Stock 2022-02-10 4 F 0 961 61.65 D 169008.978 I By Steven Joseph Smits Revocable Trust Restricted Stock Units 2022-02-10 4 M 0 3003 0.00 D Voting Common Stock 3003 9010 D Restricted Stock Units Voting Common Stock 5000 5000 D Employee Stock Option (right to buy) 10.63 2025-02-20 Voting Common Stock 5001 5001 D Employee Stock Option (right to buy) 17.00 2025-07-22 Voting Common Stock 7502 7502 D Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. Includes 166,966.978 shares of the Company's voting common stock that were previously reported as directly owned by the Reporting Person. 3,003 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 3,004 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. 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. The shares subject to this option vest and become exercisable yearly in seven installments beginning on February 20, 2016, as follows: 10% of the shares subject to the option vested on each of February 20, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on February 20, 2021; and 25% of the shares subject to the option will vest on February 20, 2022. The shares subject to this option vest and become exercisable yearly in seven installments beginning on July 22, 2016, as follows: 10% of the shares subject to the option vested on each of July 22, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on July 22, 2021; and 25% of the shares subject to the option will vest on July 22, 2022. /s/ Jonathan A. Greene, by Power of Attorney 2022-02-14