MAHAN JAMES S III 4
4 · Live Oak Bancshares, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Live Oak Bancshares (LOB) CEO James S. Mahan III Sells Shares
What Happened
- James S. Mahan III, CEO of Live Oak Bancshares (LOB), sold a total of 20,000 shares in open-market transactions on Feb 25–26, 2026 for total proceeds of $786,998.
- Individual transactions reported: 7,463 shares at a weighted avg $39.21 ($292,638); 2,537 shares at $39.65 ($100,580); 8,754 shares at $39.29 ($343,944); and 1,246 shares at $40.00 ($49,836). These are sales (not purchases).
Key Details
- Dates and reported weighted-average prices: Feb 25, 2026 (7,463 @ $39.21; 2,537 @ $39.65) and Feb 26, 2026 (8,754 @ $39.29; 1,246 @ $40.00).
- Total shares sold: 20,000; total proceeds: $786,998.
- Shares owned after transaction: Not disclosed in the provided filing.
- Notable footnotes: Transactions were effected under a Rule 10b5-1 trading plan adopted Aug 27, 2025 (F1). Each sale was executed in multiple trades; price ranges reported across trades were roughly $38.61–$40.16, and the filing shows weighted-average prices with an undertaking to provide full trade-by-trade details on request (F2–F5).
- Filing timeliness: Form 4 filed Feb 27, 2026 for trades on Feb 25–26, 2026 — no late filing indicated in the provided info.
Context
- These were sales under a pre-established 10b5-1 plan, which typically schedules trades in advance and is intended to avoid reliance on inside information; such sales are often routine and do not necessarily indicate management sentiment.
- For retail investors, buy transactions tend to be more informative about insider conviction; recorded sales are primarily liquidity events unless accompanied by other disclosures.
Insider Transaction Report
Form 4
MAHAN JAMES S III
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Voting Common Stock
[F1][F2]2026-02-25$39.21/sh−7,463$292,638→ 3,000,381 total(indirect: By Trust) - Sale
Voting Common Stock
[F1][F3]2026-02-25$39.65/sh−2,537$100,580→ 2,997,844 total(indirect: By Trust) - Sale
Voting Common Stock
[F1][F4]2026-02-26$39.29/sh−8,754$343,944→ 2,989,090 total(indirect: By Trust) - Sale
Voting Common Stock
[F1][F5]2026-02-26$40.00/sh−1,246$49,836→ 2,987,844 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 $38.61 to $39.60. 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 $39.61 to $39.755. 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 $38.725 to $39.66. 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 $39.795 to $40.16. 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|2026-02-27