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LOB 424B5: Secondary offering

Live Oak Bancshares, Inc.

Filed with the SEC on · accession 0001193125-26-446370

LOB filed a 424B5 (prospectus (offering)) with the SEC on Nov 4, 2026. Live Oak Bancshares, Inc. filed a preliminary prospectus supplement (424B5) for an offering of depositary shares, each representing a 1/40th interest in a share of its % Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $25 per depositary share. The stock moved +2.1% by the first close after the filing.

Summary of the filing

Live Oak Bancshares, Inc. filed a preliminary prospectus supplement (424B5) for an offering of depositary shares, each representing a 1/40th interest in a share of its % Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $25 per depositary share. The offering size, dividend rate, and pricing terms are not yet specified in this preliminary filing.

For details, click here →How to read a 424B5 →

Key details

Liquidation preference per depositary share$25
Liquidation preference per share of Series B preferred stock$1K
IssuerLive Oak Bancshares, Inc.

How LOB stock reacted

Close before

$34.42

Nov 3, 2026

First close after

+2.12%

$35.15

5 trading days

—

Since filing

-1.51%

$33.90

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Frequently asked questions

What did LOB file with the SEC on Nov 4, 2026?

LOB filed a 424B5 (Secondary offering). Live Oak Bancshares, Inc. filed a preliminary prospectus supplement (424B5) for an offering of depositary shares, each representing a 1/40th interest in a share of its % Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $25 per depositary share. The offering size, dividend rate, and pricing terms are not yet specified in this preliminary filing.

What does a secondary offering mean for LOB stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did LOB stock react to this filing?

LOB closed at $34.42 before the filing and $35.15 on Nov 4, 2026 (+2.12%).

Other LOB SEC filings

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