Insider plans 10,000-share Rule 144 sale at LOB

An affiliate of issuer LOB filed a notice to sell 10,000 shares of common stock under Rule 144 through Fidelity Brokerage Services LLC on 02/11/2026, with an aggregate market value of $415,600 on the NYSE.

Rhea-AI Filing Summary

An affiliate of issuer LOB filed a notice to sell 10,000 shares of common stock under Rule 144 through Fidelity Brokerage Services LLC on 02/11/2026, with an aggregate market value of $415,600 on the NYSE.

The filing lists 45,857,617 shares of common stock outstanding. The seller acquired the shares in open market purchases on 08/19/2020 and 08/20/2020, paid in cash. It also details multiple prior 10,000‑share sales over the past three months with stated gross proceeds for each trade.

FAQ

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

What does the Rule 144 filing for LOB report about planned sales?

The filing reports a planned sale of 10,000 shares of LOB common stock under Rule 144. The shares are to be sold through Fidelity Brokerage Services LLC on 02/11/2026, with an aggregate market value listed as $415,600 on the NYSE.

How many LOB shares are outstanding according to this Rule 144 notice?

The notice states that 45,857,617 shares of LOB common stock are outstanding. This figure provides context for the planned 10,000‑share Rule 144 sale, helping investors understand the relative size of the transaction compared with the total share count.

How were the LOB shares being sold under Rule 144 originally acquired?

The shares were acquired through open market purchases from the issuer on 08/19/2020 and 08/20/2020. The filing shows purchases of 3,952 and 6,048 common shares respectively, with both transactions paid entirely in cash on the stated dates.

What prior LOB stock sales are disclosed for the past three months?

The filing lists multiple prior sales of 10,000 LOB common shares each by the James S Mahan Rev Trust between 11/26/2025 and 02/05/2026. Each trade includes detailed gross proceeds, such as $321,747.83 and $418,983.13, for individual sale dates.

Who is identified as the selling holder in the LOB Rule 144 notice?

The seller is identified as the James S Mahan Rev Trust, with a Wilmington, North Carolina address. This trust is the person for whose account the securities are to be sold, as required by Rule 144 disclosure rules regarding affiliated or restricted stock sales.

Which broker and exchange are used for the planned LOB share sale?

The planned Rule 144 sale will be executed through Fidelity Brokerage Services LLC, located in Smithfield, Rhode Island. The filing specifies that the common stock trades on the NYSE, and the 10,000‑share transaction is tied to that exchange listing.

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Accepted by SEC EDGAR 02/11/2026 - 09:56 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	415600.00	45857617	02/11/2026	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	08/19/2020	Open Market Purchase	Issuer			3952	08/19/2020	Cash
Common	08/20/2020	Open Market Purchase	Issuer			6048	08/20/2020	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
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	12/05/2025	10000	328114.80
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	12/10/2025	10000	343307.20
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	12/12/2025	10000	351337.65
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	12/17/2025	10000	359724.00
James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC 28403	Common	12/19/2025	10000	361758.75
James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC 28403	Common	02/04/2026	10000	418983.13
James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC 28403	Common	02/05/2026	10000	402139.96

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	02/11/2026
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/ Eric Janiak, 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)