Insider plans sale of 10,000 shares under Rule 144

An affiliated trust of the issuer has filed a notice of proposed sale of 10,000 shares of common stock under Rule 144.

Rhea-AI Filing Summary

An affiliated trust of the issuer has filed a notice of proposed sale of 10,000 shares of common stock under Rule 144. The planned sale, through Fidelity Brokerage Services LLC on the NYSE, has an indicated aggregate market value of $326,900 with an approximate sale date of 12/05/2025. The seller previously acquired the shares in August 2020 via open-market purchases paid in cash.

Over the past three months, the same trust sold 10,000 common shares on each of 11/26/2025, 11/28/2025, and 12/03/2025, for gross proceeds of $321,747.83, $320,458.60, and $330,467.30, respectively. By signing the notice, the seller represents they are not aware of undisclosed material adverse information about the issuer’s current or prospective operations.

FAQ

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

What does this Form 144 filing disclose for LOB?

It discloses that a trust affiliated with the issuer intends to sell 10,000 shares of common stock of the company associated with LOB under Rule 144.

How many LOB shares are proposed to be sold and at what market value?

The notice covers a proposed sale of 10,000 common shares with an indicated aggregate market value of $326,900.

On which exchange and through which broker will the LOB shares be sold?

The proposed sale is through Fidelity Brokerage Services LLC and lists the NYSE as the securities exchange.

When were the LOB shares originally acquired and how were they paid for?

The shares were acquired via open market purchases on 08/21/2020 (9,142 shares) and 08/24/2020 (858 shares), with payment made in cash.

What LOB stock sales has the trust made in the past three months?

The trust sold 10,000 common shares on each of 11/26/2025, 11/28/2025, and 12/03/2025, for gross proceeds of $321,747.83, $320,458.60, and $330,467.30, respectively.

What representation does the seller make regarding material information about LOB?

The seller represents that they do not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.

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

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Accepted by SEC EDGAR 12/05/2025 - 11:05 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	326900.00	45857617	12/05/2025	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	08/21/2020	Open Market Purchase	Issuer			9142	08/21/2020	Cash
Common	08/24/2020	Open Market Purchase	Issuer			858	08/24/2020	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	11/26/2025	10000	321747.83
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	11/28/2025	10000	320458.60
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	12/03/2025	10000	330467.30

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	12/05/2025
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)