Live Oak Bancshares, Inc.

(c)Insider Trading Arrangements. During the quarter ended September 30, 2026, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act)adopted, modified, orterminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement, as such terms are defined in Item 408 of Regulation S-K, except as follows.

James S. Mahan III, our Chairman and Chief Executive Officer, entered into a Rule 10b5-1 trading arrangement on August 25, 2026. That arrangement wasterminated on August 28, 2026, after a clerical error was identified. Mr. Mahan entered into a new prearranged stock trading plan on August 28, 2026. This 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 November 18, 2027. 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.