Live Oak Bancshares, Inc.

(c)Rule 10b5-1 Trading Arrangements. As previously disclosed on the Company's Current Report on Form 8-K filed on August 29, 2025, James S. Mahan III, who serves as Chairman and Chief Executive Officer of the Company, entered into a prearranged stock trading plan on August 27, 2025. Mr. Mahan’s plan provides for the sale of up to 400,000 shares of his holdings of the Company’s voting common stock, no par value per share, in amounts and prices set forth in the plan and terminates on the earlier of the date all shares under the plan are sold or September 15, 2026. Mr. Mahan entered into the plan as part of his long-term financial and tax planning strategies. The trading plan was entered into during an open insider trading window and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act and the Company’s policies regarding transactions in its securities.

Non-Rule 10b5-1 Trading Arrangements. During the quarter ended September 30, 2025, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act)adopted, modified, orterminated a non-Rule 10b5-1 trading arrangement as such terms are defined in Item 408 of Regulation S-K.