MAHAN JAMES S III 4
4 · Live Oak Bancshares, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Live Oak (LOB) CEO James Mahan Sells 10,000 Shares
What Happened
James S. Mahan III, Chief Executive Officer of Live Oak Bancshares, sold 10,000 shares of Live Oak common stock in an open-market transaction on May 13, 2026. The weighted-average price reported was $35.96 per share, for total proceeds of approximately $359,620. This was a sale (not a purchase) and thus is generally considered a routine disposition rather than a bullish insider buy.
Key Details
- Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (timely).
- Transaction type/code: Sale (S) executed in multiple trades.
- Price(s): weighted average $35.96; individual trades ranged $35.73 to $36.491.
- Total value: approximately $359,620.
- Shares owned after transaction: not disclosed in the provided filing.
- Notable footnotes:
- Sale was made under a Rule 10b5-1 trading plan adopted August 27, 2025.
- Reporting person notes multiple executions and offers to provide detailed trade-by-trade prices/quantities upon request.
Context
Sales by executives can be routine (tax planning, diversification, pre-set plans). The presence of a 10b5-1 plan indicates the trades were prearranged, which may limit inference about the CEO’s near-term view of the company. No options exercise, gift, or tax-withholding activity is reported in this filing.
Insider Transaction Report
- Sale
Voting Common Stock
[F1][F2]2026-05-13$35.96/sh−10,000$359,620→ 2,937,844 total(indirect: By Trust)
- 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 (2)
- [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 $35.73 to $36.491. 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.