Live Oak Bancshares' Mahan plans $428K stock sale

Live Oak Bancshares, Inc. (LOB) has a notice of proposed sale under Rule 144 for 10,000 shares of its common stock for the account of James S. Mahan III.

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. (LOB) has a notice of proposed sale under Rule 144 for 10,000 shares of its common stock for the account of James S. Mahan III. The notice lists an aggregate market value of approximately $427,800 for these shares and shows trading on the NYSE.

Recent activity disclosed for the James S. Mahan Revocable Trust includes multiple sales of 10,000-share blocks of Live Oak common stock on various dates over the past three months, each with reported gross proceeds in the $360,000–$430,000 range. The filing states that Mahan is a trustee and account stakeholder of the trust.

Key Figures

Shares proposed for sale: 10,000 shares Aggregate market value of proposed sale: $427,800.00 Past sale proceeds (example 1): $368,369.08 +3 more

6 metrics

Shares proposed for sale 10,000 shares Number of Live Oak Bancshares common shares listed to be sold under Rule 144

Aggregate market value of proposed sale $427,800.00 Aggregate market value reported for the 10,000 common shares in the Rule 144 notice

Past sale proceeds (example 1) $368,369.08 Gross proceeds from a 10,000-share sale by the James S. Mahan Revocable Trust on 05/20/2026

Past sale proceeds (example 2) $387,321.69 Gross proceeds from a 10,000-share sale by the James S. Mahan Revocable Trust on 06/10/2026

Past sale proceeds (example 3) $431,006.70 Gross proceeds from a 10,000-share sale by the James S. Mahan Revocable Trust on 08/13/2026

Original acquisition date 12/18/2008 Date the Pre IPO Shares now proposed for sale were originally acquired

Key Terms

Rule 144, Pre IPO Shares, attorney-in-fact

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Pre IPO Shares financial

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

attorney-in-fact regulatory

"as attorney-in-fact for James Mahan III"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

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

What did Live Oak Bancshares (LOB) disclose in this Rule 144 notice?

The notice discloses a proposed sale under Rule 144 of 10,000 shares of Live Oak Bancshares common stock for the account of James S. Mahan III, with an aggregate market value reported at about $427,800 and trading on the NYSE.

Who is selling Live Oak Bancshares (LOB) shares in this filing?

The proposed Rule 144 sale is for the account of James S. Mahan III. The filing explains that recent sales and today’s sale occurred in the James S. Mahan Revocable Trust, where he is a trustee and account stakeholder.

How many Live Oak Bancshares (LOB) shares are proposed to be sold now?

The filing lists a proposed sale of 10,000 shares of Live Oak Bancshares common stock. These shares are identified as Pre IPO Shares originally acquired on 12/18/2008 and are to be sold for cash through a broker.

What is the reported value of the Live Oak Bancshares (LOB) shares to be sold?

The Rule 144 notice reports an aggregate market value of approximately $427,800 for the 10,000 Live Oak Bancshares common shares proposed to be sold, based on market pricing associated with the NYSE listing.

What past three-month sales of Live Oak Bancshares (LOB) stock are disclosed?

The filing lists multiple transactions by the James S. Mahan Revocable Trust, each for 10,000 shares of Live Oak common stock on several dates, with individual gross proceeds per sale disclosed in a range from about $364,671 to $431,007.

What is the relationship between the trust and James S. Mahan III in this LOB filing?

The remarks state that the current and recent sales occurred in the James S. Mahan Revocable Trust. James S. Mahan III is identified as a trustee and account stakeholder of this trust in connection with the Live Oak Bancshares shares.

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

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Accepted by SEC EDGAR 08/19/2026 - 09:53 AM EDT 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	427800.00	46283620	08/19/2026	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 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
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/13/2026	10000	431006.70

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	08/19/2026
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)