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The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2026.

This transaction was executed in multiple trades at prices ranging from $41.65 to $42.02. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2026.

This transaction was executed in multiple trades at prices ranging from $40.655 to $41.62. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2026.

Includes 1,250 shares of voting common stock that were previously directly beneficially owned and were transferred by the reporting person to his revocable trust.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $37.77 to $38.67 The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $39.15 to $39.25. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $38.15 to $39.14. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $36.64 to $37.61. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $36.01 to $36.90. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $37.13 to $37.28. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $36.785 to $37.68. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $37.40 to $38.22. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $36.37 to $37.3548. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $37.3569 to $37.49. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $37.1279 to $37.2137. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

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 May 19, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $36.137 to $37.1241. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock

The restricted stock units vest on May 1, 2027.

Each restricted stock unit represents a contingent right to receive one share of the Company's voting common stock.

The restricted stock units vest on May 1, 2027.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vest on May 1, 2027.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vest on May 1, 2027.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vest on May 1, 2027.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vest on May 1, 2027.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vest on May 1, 2027.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $36.03 to $36.48. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $35.73 to $36.491. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vested on May 1, 2026.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vested on May 1, 2026.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

The restricted stock units vested on May 1, 2026.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vested on May 1, 2026.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vested on May 1, 2026.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vested on May 1, 2026.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vested on May 1, 2026.

Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

The restricted stock units vested on May 1, 2026.

This transaction was executed in multiple trades at prices ranging from $37.51 to $38.095. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $32.06 to $32.90. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $32.395 to $33.125. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $34.73 to $35.72. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $35.73 to $36.30. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

This transaction was executed in multiple trades at prices ranging from $36.355 to $36.89. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.