X0306 4 2023-02-15 0 0001462120 Live Oak Bancshares, Inc. LOB 0001937224 Spencer Courtney 1741 TIBURON DRIVE WILMINGTON NC 28403 0 1 0 0 Chief Experience Officer Voting Common Stock 2023-02-15 4 M 0 1580 A 9560 D Voting Common Stock 2023-02-15 4 F 0 524 35.27 D 9036 D Voting Common Stock 152 I By Spouse Restricted Stock Units 2023-02-15 4 M 0 1580 0.00 D Voting Common Stock 1580 6320 D Restricted Stock Units Voting Common Stock 4005 4005 D Restricted Stock Units Voting Common Stock 8000 8000 D Restricted Stock Units Voting Common Stock 360 360 D Restricted Stock Units Voting Common Stock 14224 14224 D Stock Option (right to buy) 13.59 2026-02-16 Voting Common Stock 14000 14000 D Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. The RSUs vest in five equal annual installments beginning on February 14, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date. 2,002 of the RSUs will vest on each of February 10, 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. 2,000 of the RSUs will vest on each of February 22, 2023, 2024, 2025, and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date. The remaining 360 RSUs will vest on November 19, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date. The RSUs vest in five pro rata installments beginning on February 13, 2024, 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 16, 2017, as follows: 10% of the shares subject to the option vested on each of February 16, 2017, 2018, 2019, 2020, and 2021; 25% of the shares subject to the option vested on February 16, 2022; and 25% of the shares subject to the option vest on February 16, 2023. /s/ Jonathan A. Greene, by Power of Attorney 2023-02-16