X0306 4 2019-02-11 0 0001462120 Live Oak Bancshares, Inc. LOB 0001754522 Garriott Huntley 1741 TIBURON DRIVE WILMINGTON NC 28403 0 1 0 0 President, Live Oak Bank Voting Common Stock 55000 D Restricted Stock Units 2019-02-11 4 A 0 30000 0.00 A Voting Common Stock 30000 30000 D Performance Restricted Stock Units 2019-02-11 4 A 0 500000 0.00 A 2029-02-11 Voting Common Stock 500000 500000 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 shares subject to this RSU vest in four equal annual installments beginning on February 11, 2020. Each performance RSU represents a contingent right to receive one share of the Company's voting common stock. A portion of the performance RSUs will vest if the Company's voting common stock attains various closing prices for at least twenty consecutive trading days at any time prior to February 11, 2029, in accordance with the following: 20% of the performance RSUs will vest upon the attainment of closing stock prices of $35.00 per share, $40.00 per share, $45.00 per share, $50.00 per share, and $55.00 per share. /s/ Jonathan A. Greene, By Power of Attorney 2019-02-19