MAHAN JAMES S III 4
4 · Live Oak Bancshares, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Live Oak Bancshares (LOB) CEO James S. Mahan III Sells 10,000 Shares
What Happened James S. Mahan III, CEO of Live Oak Bancshares (LOB), reported an open-market sale of 10,000 shares on May 14, 2026. The sale generated approximately $362,260 based on a weighted-average price of $36.23 per share (prices ranged $36.03–$36.48 across multiple trades). This was a sale (S) — routine insider sales do not necessarily signal a change in view of the company.
Key Details
- Transaction date: May 14, 2026; Form 4 filed May 18, 2026.
- Shares sold: 10,000; weighted-average price: $36.23; total proceeds ≈ $362,260.
- Price range: $36.03 to $36.48 (executed in multiple trades; weighted average reported).
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes: Sale was executed pursuant to a Rule 10b5-1 trading plan adopted August 27, 2025; filer can provide per-trade share counts/prices on request.
- Transaction code: S = Sale.
Context Sales under pre-established 10b5-1 plans are common for insiders and are set up in advance to avoid trading on nonpublic information. Retail investors should note that purchases are generally more informative as a bullish signal; sales can be routine (portfolio diversification, tax planning, etc.) and don’t by themselves indicate management’s view of the company.
Insider Transaction Report
- Sale
Voting Common Stock
[F1][F2]2026-05-14$36.23/sh−10,000$362,260→ 2,927,844 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 $36.03 to $36.48. 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.