Regulation 144 notice: 10,000‑share proposed sale

Regulation 144 notice reporting proposed and recent sales of Common Stock.

Rhea-AI Filing Summary

Regulation 144 notice reporting proposed and recent sales of Common Stock. The excerpt lists a proposed sale of 10,000 shares and multiple completed sales by James S Mahan Rev Trust of 10,000 shares each on dates in February–March 2026, with per‑trade proceeds shown in dollars. The securities are described as Pre‑IPO Shares and sold for cash.

Insights

Securities Attorney

Regulation 144 notice documents multiple off‑exchange dispositions by an affiliated trust.

The filing lists a proposed sale of 10,000 shares and a series of completed disposals by James S Mahan Rev Trust on 02/18/2026 through 03/12/2026

These entries show per‑trade gross proceeds in dollars and identify the lot as Pre‑IPO Shares. The notice is procedural: it records quantities, dates, and consideration; it does not itself state transfer restrictions, final settlement mechanics, or whether sales complied with holding‑period or volume provisions.

Key Figures

Proposed sale: 10,000 shares Sale on 02/18/2026: 10,000 shares Sale on 03/04/2026: 10,000 shares +2 more

5 metrics

Proposed sale 10,000 shares registered as proposed sale (cover line)

Sale on 02/18/2026 10,000 shares proceeds $403,243.30

Sale on 03/04/2026 10,000 shares proceeds $366,896.83

Sale on 03/12/2026 10,000 shares proceeds $325,040.97

Other February–March sales multiple 10,000‑share trades dates span 02/18/2026–03/12/2026 with per‑trade proceeds listed

Key Terms

Regulation 144, Pre‑IPO Shares, Form 144

3 terms

Regulation 144 regulatory

"144: Securities To Be Sold"

Pre‑IPO Shares market

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

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

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.

FAQ

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

What does the Form 144 filing for LOB show?

It reports a proposed sale of 10,000 shares and multiple completed sales of 10,000 shares each by James S Mahan Rev Trust on dates in Feb–Mar 2026, with proceeds listed per trade.

Who is the selling holder named in the filing for LOB?

The filing names James S Mahan Rev Trust (address shown) as the seller for multiple 10,000‑share transactions occurring in February and March 2026 and a proposed sale of 10,000 shares.

Are the sales shown as cash or other consideration in the LOB excerpt?

The excerpt identifies the transactions as Cash consideration and shows dollar proceeds for each 10,000‑share trade (for example, $403,243.30 on 02/18/2026 and $325,040.97 on 03/12/2026).

Do these entries confirm compliance with Regulation 144 sale conditions?

The entries record proposed and completed sales with dates and proceeds but do not by themselves confirm compliance with Regulation 144 conditions such as holding periods, volume limitations, or manner of sale requirements.

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

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Accepted by SEC EDGAR 05/13/2026 - 02:23 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	363700.00	46262391	05/13/2026	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	02/18/2026	10000	403243.30
James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC 28403	Common	02/19/2026	10000	400353.94
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

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	05/13/2026
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/Wade Moss, 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)