Live Oak Bancshares, Inc.

(c) Rule 10b5-1 Trading Arrangements. Gregory W. Seward, who serves as General Counsel of the Company, entered into a prearranged stock trading plan on February 27, 2026. Mr. Seward’s plan provides for the sale of up to 12,000 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 December 18, 2026. 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.

William L. Williams, III, who serves as the Vice Chairman of our Board of Directors, entered into a prearranged stock trading plan on March 12, 2026. Mr. Williams’s plan provides for the sale of up to 50,000 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 December 31, 2026. 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 March 31, 2026, 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.