Shareholder trust of LOB plans 10,000-share stock sale

A trust associated with James S. Mahan has filed to sell 10,000 shares of common stock through Fidelity Brokerage Services on the NYSE, with an indicated aggregate value of $432,000.00.

Rhea-AI Filing Summary

A trust associated with James S. Mahan has filed to sell 10,000 shares of common stock through Fidelity Brokerage Services on the NYSE, with an indicated aggregate value of $432,000.00. The shares are identified as Pre IPO Shares originally acquired for cash on 12/18/2008. The filing also lists a series of prior open-market sales by the trust during May, June and August 2026, each involving 10,000 shares of common stock for varying dollar amounts.

Key Figures

Planned shares to be sold: 10,000 shares Planned sale value: $432,000.00 Original acquisition date: 12/18/2008 +3 more

6 metrics

Planned shares to be sold 10,000 shares Common stock to be sold through Fidelity Brokerage Services on NYSE

Planned sale value $432,000.00 Aggregate value for 10,000 common shares in the planned sale

Original acquisition date 12/18/2008 Date Pre IPO Shares were acquired from issuer for cash

Recent sale 05/13/2026 $359,616.93 Proceeds from sale of 10,000 common shares by James S Mahan Rev Trust

Recent sale 06/10/2026 $387,321.69 Proceeds from sale of 10,000 common shares by James S Mahan Rev Trust

Recent sale 08/12/2026 $427,475.33 Proceeds from sale of 10,000 common shares by James S Mahan Rev Trust

Key Terms

Form 144, Pre IPO Shares, Securities To Be Sold, Securities Sold During The Past 3 Months

4 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Pre IPO Shares financial

"Common | 12/18/2008 | Pre IPO Shares | Issuer"

Securities To Be Sold regulatory

"144: Securities To Be Sold"

Securities Sold During The Past 3 Months regulatory

"144: Securities Sold During The Past 3 Months"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for LOB disclose about planned stock sales?

The filing discloses a planned sale of 10,000 common shares by a James S. Mahan-related trust through Fidelity Brokerage Services, with an indicated value of $432,000.00, and identifies the shares as Pre IPO Shares originally acquired in 2008.

Who is the selling security holder in the LOB Form 144 filing?

The selling security holder is the James S Mahan Rev Trust, which holds common stock and has filed to sell 10,000 shares that were originally acquired as Pre IPO Shares for cash on 12/18/2008.

How many LOB shares are proposed to be sold and through which broker?

The filing indicates a proposed sale of 10,000 shares of common stock through Fidelity Brokerage Services LLC, with a stated aggregate value of $432,000.00, and notes that the shares will be sold on the NYSE.

What is the acquisition history of the LOB shares being sold?

The shares proposed for sale are identified as Pre IPO Shares acquired for cash on 12/18/2008 from the issuer, and the current Form 144 covers a portion of those shares now planned for resale into the market.

What prior LOB stock sales by the James S Mahan Rev Trust are disclosed?

The filing lists multiple prior sales of 10,000 common shares each by the James S Mahan Rev Trust between 05/13/2026 and 08/12/2026, with transaction values including $359,616.93, $368,369.08, and $427,475.33.

Does the LOB Form 144 show recent trading activity by the same trust?

Yes. It details a series of transactions where the James S Mahan Rev Trust sold 10,000-share blocks of common stock on several dates in May, June, and August 2026, each with separately reported dollar proceeds.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/13/2026 - 11:42 AM Accepted by SEC EDGAR 08/13/2026 - 11:41 AM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001036743
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Live Oak Bancshares, Inc.
SEC File Number	001-37497
Address of Issuer	1741 TIBURON DRIVE WILMINGTON NORTH CAROLINA 28403
Phone	910-790-5867
Name of Person for Whose Account the Securities are To Be Sold	MAHAN JAMES S III
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	10000	432000.00	46283620	08/13/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/18/2008	Pre IPO Shares	Issuer			10000	12/18/2008	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC 28403	Common	05/13/2026	10000	359616.93
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	05/14/2026	10000	362263.26
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	05/20/2026	10000	368369.08
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	05/21/2026	10000	370915.70
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	05/27/2026	10000	376513.10
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	05/28/2026	10000	372481.18
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	06/03/2026	10000	364671.37
James S Mahan Rev Trust 1741 Tiburon Drive, Wilmington NC 28403	Common	06/04/2026	10000	372531.45
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	06/10/2026	10000	387321.69
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	06/11/2026	10000	381850.88
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/12/2026	10000	427475.33

144: Remarks and Signature

Remarks	Today's sale and those that are recorded in the past 3 months occurred in the James S Mahan Rev Trust of which James S. Mahan III is a trustee and account stakeholder.
Date of Notice	08/13/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/27/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Jennifer Ruchti, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for James S. Mahan III
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)