Live Oak Bancshares insider plans 10K-share sale

Live Oak Bancshares, Inc. (LOB) is the issuer for a notice by James S. Mahan III covering a planned sale of 10,000 shares of common stock under Rule 144 through Fidelity Brokerage Services LLC.

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. (LOB) is the issuer for a notice by James S. Mahan III covering a planned sale of 10,000 shares of common stock under Rule 144 through Fidelity Brokerage Services LLC. The shares to be sold are described as Pre-IPO Shares acquired from the issuer on December 18, 2008, for cash.

The notice also lists multiple prior Rule 144 sales from June through early September 2026, each for 10,000 shares of common stock by the James S. Mahan Revocable Trust, with individual transaction values ranging from the mid-$300,000s to low-$400,000s. The remark states that today’s sale and the prior three-month sales occurred in this trust, of which James S. Mahan III is a trustee and account stakeholder.

Key Figures

Shares intended to be sold: 10,000 shares of common stock Aggregate market value of intended sale: $398,900.00 Acquisition date of shares to be sold: December 18, 2008 +3 more

6 metrics

Shares intended to be sold 10,000 shares of common stock Planned Rule 144 sale noted in the Form 144

Aggregate market value of intended sale $398,900.00 Value associated with the 10,000 shares to be sold

Acquisition date of shares to be sold December 18, 2008 Pre-IPO Shares acquired from issuer for cash

Prior sale on June 3, 2026 10,000 shares for $364,671.37 Common stock sale by James S. Mahan Rev Trust

Prior sale on August 13, 2026 10,000 shares for $431,006.70 Common stock sale by James S. Mahan Rev Trust

Prior sale on September 2, 2026 10,000 shares for $395,412.04 Most recent common stock sale listed before the notice date

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 S. 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 does the Form 144 filing disclose for Live Oak Bancshares (LOB)?

It discloses that James S. Mahan III, via the James S. Mahan Revocable Trust, has filed a notice under Rule 144 to sell 10,000 shares of Live Oak Bancshares common stock through Fidelity Brokerage Services LLC.

How many Live Oak Bancshares (LOB) shares are intended to be sold in this notice?

The notice covers a proposed sale of 10,000 shares of common stock, with an indicated aggregate market value of about $398,900.00 as of the planned transaction date referenced in the filing.

When were the Live Oak Bancshares (LOB) shares to be sold originally acquired?

The 10,000 shares covered by the notice are described as Pre-IPO Shares acquired from the issuer on December 18, 2008, in exchange for cash, according to the acquisition information in the filing.

What prior sales of Live Oak Bancshares (LOB) shares are reported in the last three months?

The filing lists multiple prior sales by the James S. Mahan Revocable Trust, each for 10,000 shares of common stock between June 3, 2026 and September 2, 2026, with individual transaction values generally between about $364,671 and $431,007.

In whose account are the Live Oak Bancshares (LOB) shares held for these Rule 144 sales?

The remark states that today’s sale and the past three months of sales occurred in the James S. Mahan Rev Trust, and that James S. Mahan III is a trustee and account stakeholder for that trust.

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

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Available on EDGAR 09/03/2026 - 10:42 AM EDT Accepted by SEC EDGAR 09/03/2026 - 10:41 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	398900.00	46283620	09/03/2026	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	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
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/20/2026	10000	405317.46
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/26/2026	10000	399877.69
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/27/2026	10000	396589.67
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	09/02/2026	10000	395412.04

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	09/03/2026
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 S. Mahan III
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)