MAHAN JAMES S III 4
4 · Live Oak Bancshares, Inc. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Live Oak Bancshares (LOB) CEO James Mahan Sells 20,000 Shares
What Happened
James S. Mahan III, CEO of Live Oak Bancshares (LOB), reported open‑market sales of a total of 20,000 shares across trades on Feb 11–12, 2026. The four reported dispositions were: 9,598 shares @ $40.84 ($392,025); 402 shares @ $41.39 ($16,637); 9,265 shares @ $40.05 ($371,026); and 735 shares @ $40.92 ($30,073). Total proceeds were about $809,761. These were sales (not purchases) and thus are routine dispositions rather than a buy signal.
Key Details
- Transaction dates: Feb 11, 2026 and Feb 12, 2026; Form 4 filed Feb 13, 2026 (appears timely).
- Total shares sold: 20,000; total proceeds: ~$809,761.
- Reported prices are weighted averages; filing footnotes provide trade‑level price ranges:
- First sale: $40.45 – $41.2227
- Second sale: $41.445 – $41.45
- Third sale: $39.565 – $40.42
- Fourth sale: $40.66 – $41.07
- Footnote: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted Aug 27, 2025.
- Shares owned after the transactions: not specified in the information provided in this summary.
Context
- 10b5‑1 plans allow insiders to sell shares according to a prearranged schedule; filings note the trades were made under such a plan. That typically indicates the trades were pre‑planned rather than based on new, nonpublic information.
- Sales are common for tax, diversification, or liquidity reasons; they do not necessarily reflect the insider’s view of the company’s prospects.
Insider Transaction Report
Form 4
MAHAN JAMES S III
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Voting Common Stock
[F1][F2]2026-02-11$40.84/sh−9,598$392,025→ 3,038,246 total(indirect: By Trust) - Sale
Voting Common Stock
[F1][F3]2026-02-11$41.39/sh−402$16,637→ 3,037,844 total(indirect: By Trust) - Sale
Voting Common Stock
[F1][F4]2026-02-12$40.05/sh−9,265$371,026→ 3,028,579 total(indirect: By Trust) - Sale
Voting Common Stock
[F1][F5]2026-02-12$40.92/sh−735$30,073→ 3,027,844 total(indirect: By Trust)
Holdings
- 3,032,547(indirect: By Trust)
Voting Common Stock
- 127,167(indirect: By Trust)
Voting Common Stock
- 127,167(indirect: By Trust)
Voting Common Stock
- 140,150(indirect: By LLC)
Voting Common Stock
Footnotes (5)
- [F1]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.
- [F2]This transaction was executed in multiple trades at prices ranging from $40.45 to $41.2227. 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.
- [F3]This transaction was executed in multiple trades at prices ranging from $41.445 to $41.45. 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.
- [F4]This transaction was executed in multiple trades at prices ranging from $39.565 to $40.42. 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.
- [F5]This transaction was executed in multiple trades at prices ranging from $40.66 to $41.07. 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.
Signature
/s/ Jonathan A. Greene, By Power of Attorney|2026-02-13