MAHAN JAMES S III 4
4 · Live Oak Bancshares, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Live Oak Bancshares CEO James Mahan III Sells 20,000 Shares
What Happened
- James S. Mahan III, CEO of Live Oak Bancshares, reported sales of 20,000 shares in open-market transactions on March 4–5, 2026. The transactions generated aggregate proceeds of approximately $721,195.
- Breakdown: 10,000 shares at a weighted average $36.69 (≈ $366,872); 8,861 shares at $35.37 (≈ $313,445); 1,139 shares at $35.89 (≈ $40,878). All are dispositions (sales).
Key Details
- Transaction dates & prices:
- 2026-03-04: 10,000 shares @ $36.69 (weighted avg); price range reported in footnote F2: $36.355–$36.89.
- 2026-03-05: 8,861 shares @ $35.37 (weighted avg); price range F3: $34.73–$35.72.
- 2026-03-05: 1,139 shares @ $35.89 (weighted avg); price range F4: $35.73–$36.30.
- Total sold: 20,000 shares for ≈ $721,195.
- Plan/authorization: Sales were made pursuant to a Rule 10b5-1 trading plan adopted Aug 27, 2025 (footnote F1).
- Reporting/follow-up: The filer notes weighted-average prices and offers to provide full per-trade details upon request (F2–F4).
- Filing date: Form 4 filed 2026-03-06 covering transactions on March 4–5, 2026; no indication in the filing that it was late.
- Shares owned after transaction: Not specified in the information provided.
Context
- These are sales by an executive insider under a pre-established 10b5-1 plan, which is a common mechanism for scheduled disposition and does not, by itself, indicate access to material non-public information. Sales are often routine; purchases are typically more informative about an insider’s view. Investors should monitor future filings and company disclosures for additional context.
Insider Transaction Report
Form 4
MAHAN JAMES S III
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Voting Common Stock
[F1][F2]2026-03-04$36.69/sh−10,000$366,872→ 2,977,844 total(indirect: By Trust) - Sale
Voting Common Stock
[F1][F3]2026-03-05$35.37/sh−8,861$313,445→ 2,968,983 total(indirect: By Trust) - Sale
Voting Common Stock
[F1][F4]2026-03-05$35.89/sh−1,139$40,878→ 2,967,844 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 (4)
- [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 $36.355 to $36.89. 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 $34.73 to $35.72. 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 $35.73 to $36.30. 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|2026-03-06