Pre-IPO holder Mahan plans Live Oak (NYSE: LOB) share sale

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. (LOB) received a Rule 144 notice indicating an intention to sell 10,000 shares of its common stock by or for the account of James S. Mahan III, via Fidelity Brokerage Services LLC, with an aggregate market value of $405,500.00. The shares are described as pre-IPO shares. The notice also reports that the James S. Mahan Revocable Trust, of which James S. Mahan III is a trustee and account stakeholder, has sold multiple 10,000‑share blocks of LOB common stock in the past three months, including sales for $368,369.08 on May 20, 2026 and $431,006.70 on August 13, 2026.

Key Figures

Shares to be sold: 10,000 shares Aggregate market value of planned sale: $405,500.00 Original acquisition date of shares: 12/18/2008 +3 more

6 metrics

Shares to be sold 10,000 shares Proposed Rule 144 sale of Live Oak Bancshares common stock

Aggregate market value of planned sale $405,500.00 Estimated value of 10,000 shares to be sold through Fidelity on NYSE

Original acquisition date of shares 12/18/2008 Pre-IPO common shares to be sold under Rule 144

Recent sale proceeds $368,369.08 10,000 LOB shares sold by James S. Mahan Rev Trust on 05/20/2026

Recent sale proceeds $431,006.70 10,000 LOB shares sold by James S. Mahan Rev Trust on 08/13/2026

Past 3‑month sale block size 10,000 shares Each reported prior transaction by the trust involved 10,000 shares

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

What does the Form 144 filing mean for Live Oak Bancshares, Inc. (LOB)?

The filing reports an intended sale of 10,000 shares of LOB common stock under Rule 144 by or for James S. Mahan III. It also lists several recent 10,000‑share sales by the James S. Mahan Revocable Trust over the past three months.

How many Live Oak Bancshares (LOB) shares are intended to be sold under this Form 144?

The notice covers an intended sale of 10,000 shares of Live Oak Bancshares common stock. The aggregate market value for this planned sale is reported as $405,500.00, based on trading on the NYSE.

Who is the selling security holder in this Live Oak Bancshares (LOB) Form 144?

The securities are to be sold for the account of James S. Mahan III. Recent sales occurred in the James S. Mahan Revocable Trust, for which he is a trustee and account stakeholder, according to the notice.

What recent sales of LOB stock does the Form 144 disclose?

The filing lists multiple recent sales of 10,000 shares each of LOB common stock by the James S. Mahan Revocable Trust. Examples include proceeds of $368,369.08 on May 20, 2026 and $431,006.70 on August 13, 2026.

What type of Live Oak Bancshares (LOB) shares are being sold in this Form 144?

The securities to be sold are described as pre-IPO shares of LOB common stock, originally acquired on December 18, 2008. The proposed sale of 10,000 shares is to be made for cash.

Which broker is handling the planned sale of LOB shares under this Form 144?

The planned sale of 10,000 shares of Live Oak Bancshares common stock is listed through Fidelity Brokerage Services LLC. The aggregate market value for this proposed transaction is noted as $405,500.00 on the NYSE.

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

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Available on EDGAR 08/20/2026 - 10:34 AM Accepted by SEC EDGAR 08/20/2026 - 10:34 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	405500.00	46283620	08/20/2026	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
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/19/2026	10000	412350.76

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	08/20/2026
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)