X0306 4 2021-04-06 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 2021-04-06 4 M 0 100000 A 412755 D Voting Common Stock 2021-04-06 4 F 0 44701 69.35 D 368054 D Performance Restricted Stock Units 2021-04-06 4 M 0 100000 0.00 D 2029-02-11 Voting Common Stock 100000 0 D Restricted Stock Units Voting Common Stock 15000 15000 D Restricted Stock Units Voting Common Stock 17797 17797 D Restricted Stock Units Voting Common Stock 500000 500000 D Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. One hundred thousand of the PRSUs vested on April 6, 2021. The vesting of these PRSUs was contingent upon the Company's voting common stock attaining a closing price equal to or greater than $55.00 per share for at least twenty (20) consecutive trading days at any time prior to February 11, 2029. On April 6, 2021, the compensation committee of the Company's board of directors certified that this stock price condition had been satisfied and that these PRSUs were vested. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's voting common stock. The RSUs vest in equal annual installments beginning on February 11, 2020 as follows: 7,500 shares vest on each of February 11, 2020, 2021, 2022, and 2023. 4,449 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 4,450 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. 100,000 of the RSUs will vest annually beginning on February 22, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date. /s/ Jonathan A. Greene, By Power of Attorney 2021-04-08