LOB Form 144: Trust Sells 10,000‑Share Blocks

LOB filed a Form 144 reporting proposed sales of Common Stock by the James S Mahan Rev Trust.

Rhea-AI Filing Summary

LOB filed a Form 144 reporting proposed sales of Common Stock by the James S Mahan Rev Trust. The trust reported multiple blocks of 10,000 shares sold on dates including 03/04/2026, 03/05/2026, 03/11/2026, and several sales in May 2026. Reported gross proceeds for individual blocks range from $325,040.97 to $376,513.10 per the listed transactions. The filing names Fidelity Brokerage Services LLC as a broker and classifies the securities as Pre-IPO Shares.

Insights

Corporate Governance Analyst

Multiple trust-originated block sales of 10,000 shares are reported; these are routine disposition notices.

The excerpt lists repeated sales by the James S Mahan Rev Trust of 10,000 shares per transaction with explicit per-sale proceeds such as $366,896.83 on 03/04/2026 and $376,513.10 on 05/27/2026.

These entries are notices of proposed sales under resale rules and do not by themselves show company action or proceeds receipt by the issuer; subsequent trade reporting would confirm execution details.

Key Figures

Shares per transaction: 10,000 shares Example proceeds: $366,896.83 Lowest shown proceeds: $325,040.97 +2 more

5 metrics

Shares per transaction 10,000 shares each listed sale entry (multiple dates in 2026)

Example proceeds $366,896.83 proceeds reported for sale on <date>03/04/2026</date>

Lowest shown proceeds $325,040.97 proceeds reported for sale on <date>03/12/2026</date>

Highest shown proceeds $376,513.10 proceeds reported for sale on <date>05/27/2026</date>

Broker listed Fidelity Brokerage Services LLC broker listed on securities information line

Key Terms

Form 144, Pre-IPO Shares, Rev Trust

3 terms

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.

Pre-IPO Shares market

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

Rev Trust legal

"James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC"

FAQ

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

What does LOB's Form 144 filing disclose?

The filing discloses proposed sales of Common Stock by James S Mahan Rev Trust in multiple 10,000-share blocks. It lists sale dates and gross proceeds per block, names Fidelity Brokerage Services LLC as broker, and classifies the shares as Pre-IPO Shares.

How many shares were reported per transaction in the LOB filing?

Each reported transaction in the excerpt is for 10,000 shares. The entries show multiple 10,000-share blocks sold on specific dates in March and May 2026, with per-block proceeds listed.

What proceeds are shown for the reported sales in LOB's Form 144?

Individual reported proceeds range from $325,040.97 to $376,513.10 per 10,000-share block. Each line item in the excerpt pairs a sale date with a gross dollar amount for that block.

Who is listed as the broker for the sales in the Form 144?

The excerpt lists Fidelity Brokerage Services LLC at 900 Salem Street, Smithfield RI as a broker involved with 10,000 shares. The broker designation appears on the securities information line.

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

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Accepted by SEC EDGAR 06/03/2026 - 04:10 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	364671.37	46262391	06/03/2026	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 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
James S Mahan Rev Trust 171 Tiburon Drive Wilmington NC 28403	Common	05/13/2026	10000	359616.93
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	05/14/2026	10000	362263.26
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

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	06/03/2026
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/ Gary Redman, 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)