James S. Mahan Trust reports multiple 10,000-share sales

James S. Mahan Rev Trust reports multiple proposed sales of Common shares under a Form 144 notice.

Rhea-AI Filing Summary

James S. Mahan Rev Trust reports multiple proposed sales of Common shares under a Form 144 notice. The filing lists repeated dispositions of 10,000 shares on several dates, with example proceeds such as $393,218.38 on 02/25/2026 and $370,915.70 on 05/21/2026. The securities are labeled Pre IPO Shares and the transactions are routed through Fidelity Brokerage Services LLC on the NYSE.

Insights

Corporate Governance Analyst

Routine affiliate resale activity reported via Form 144; numbers indicate repeated 10,000-share transactions.

The filing lists multiple 10,000-share dispositions by James S. Mahan Rev Trust with per-trade proceeds such as $393,218.38 (02/25/2026) and $370,915.70 (05/21/2026). These entries reflect affiliate sales notices under resale rules rather than issuer-led offerings.

Cash-flow treatment and any transfer restrictions are not shown in the excerpt; subsequent reports or trade confirmations would show whether sales were completed and their impact on outstanding holdings.

Key Figures

Per-trade share count: 10,000 shares Proceeds example (02/25/2026): $393,218.38 Proceeds example (03/04/2026): $366,896.83 +2 more

5 metrics

Per-trade share count 10,000 shares Each listed disposition on multiple dates

Proceeds example (02/25/2026) $393,218.38 <date>02/25/2026</date> sale reported

Proceeds example (03/04/2026) $366,896.83 <date>03/04/2026</date> sale reported

Proceeds example (05/21/2026) $370,915.70 <date>05/21/2026</date> sale reported

Brokerage Fidelity Brokerage Services LLC Routing broker listed on filing

Key Terms

Form 144, Pre IPO Shares, Issuer

3 terms

Form 144 regulatory

"lists proposed dispositions of 10,000 shares by James S. Mahan Rev Trust"

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

"Securities are labeled Pre IPO Shares in the securities table"

Issuer regulatory

"Securities table shows 'Issuer' as the source for the listed shares"

FAQ

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

What does the LOB Form 144 filing disclose?

It discloses proposed affiliate sales of Common shares by James S. Mahan Rev Trust. The filing lists repeated 10,000-share dispositions with per-trade proceeds, including $393,218.38 on 02/25/2026.

How many shares per transaction are shown in the filing for LOB?

Each listed transaction shows 10,000 shares. Multiple sale dates are recorded, including 02/25/2026, 03/04/2026, and 05/21/2026, with individual proceeds listed for each trade.

Who is the reporting seller in the LOB Form 144 excerpt?

The reporting seller is James S. Mahan Rev Trust. The trust's address appears alongside each Common share disposition in the filing's sales table.

What proceeds are shown for the May 21, 2026 transaction?

The filing shows proceeds of $370,915.70 for the May 21, 2026 sale. That line lists 10,000 Common shares sold through Fidelity Brokerage Services LLC on 05/21/2026.

Are the securities in the filing marked as restricted or pre-IPO?

The securities are labeled as Pre IPO Shares in the excerpt. The filing identifies the securities class as Common and designates them with the pre-IPO label in the securities table.

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

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Accepted by SEC EDGAR 05/27/2026 - 01:25 PM 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	380200.00	46262391	05/27/2026	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	02/25/2026	10000	393218.38
James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC 28403	Common	02/26/2026	10000	393617.23
James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC 28403	Common	03/04/2026	10000	366896.83
James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC 28403	Common	03/05/2026	10000	354338.80
James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC 28403	Common	03/11/2026	10000	328280.17
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	03/12/2026	10000	325040.97
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

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	05/27/2026
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/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for James Mahan III
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)