MAHAN JAMES S III 4
4 · Live Oak Bancshares, Inc. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Live Oak Bancshares CEO James Mahan Sells 10,000 Shares
What Happened
James S. Mahan III, CEO of Live Oak Bancshares, sold a total of 10,000 shares on May 21, 2026 in two open-market transactions. He sold 6,612 shares at a weighted-average price of $36.92 for $244,129 and 3,388 shares at a weighted-average price of $37.42 for $126,787, for total proceeds of $370,916. The sales were effected under a Rule 10b5-1 trading plan adopted August 27, 2025.
Key Details
- Transaction date: May 21, 2026. Form 4 filed May 26, 2026 (timely—filed within the required two business days, accounting for the May 25 federal holiday).
- Trade specifics:
- 6,612 shares — weighted average $36.92 — $244,129; executed in multiple trades at prices ranging $36.37–$37.3548 (footnote F2).
- 3,388 shares — weighted average $37.42 — $126,787; executed in multiple trades at prices ranging $37.3569–$37.49 (footnote F3).
- Total: 10,000 shares for $370,916.
- Shares owned after transaction: Not disclosed in the information provided.
- Notable footnotes: F1 confirms the trades were under a 10b5-1 plan (adopted Aug 27, 2025). F2 and F3 note execution in multiple trades with price ranges; the filer will provide detailed breakdowns on request.
Context
These were planned sales under a 10b5-1 plan, which typically authorizes pre-set trades and reduces the ability to infer current insider sentiment from the transactions. Sales are common for liquidity or diversification reasons; purchases generally carry more informational weight for investors.
Insider Transaction Report
- Sale
Voting Common Stock
[F1][F2]2026-05-21$36.92/sh−6,612$244,129→ 2,911,232 total(indirect: By Trust) - Sale
Voting Common Stock
[F1][F3]2026-05-21$37.42/sh−3,388$126,787→ 2,907,844 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 (3)
- [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 $36.37 to $37.3548. 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 $37.3569 to $37.49. 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.