Live Oak trust plans $399,877 stock sale

Live Oak Bancshares, Inc. (LOB) reports that James S. Mahan III, through the James S Mahan Rev Trust, has filed a notice of proposed sale under Rule 144 for 10,000 shares of common stock held as pre-IPO shares originally acquired on 12/18/2008.

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. (LOB) reports that James S. Mahan III, through the James S Mahan Rev Trust, has filed a notice of proposed sale under Rule 144 for 10,000 shares of common stock held as pre-IPO shares originally acquired on 12/18/2008. Fidelity Brokerage Services LLC is listed as the broker, and the shares trade on the NYSE. The filing also lists multiple prior trust sales of 10,000-share blocks of Live Oak common stock during the past three months.

Key Figures

Shares to be sold: 10,000 shares of common stock Aggregate market value of proposed sale: $399,877.69 Acquisition date of shares to be sold: 12/18/2008 +3 more

6 metrics

Shares to be sold 10,000 shares of common stock Proposed sale under Rule 144

Aggregate market value of proposed sale $399,877.69 Estimated value for 10,000 shares in proposed Rule 144 sale

Acquisition date of shares to be sold 12/18/2008 Pre-IPO shares originally acquired from issuer

Past sale on 05/27/2026 10,000 shares for $376,513.10 Sale by James S Mahan Rev Trust during past 3 months

Past sale on 06/10/2026 10,000 shares for $387,321.69 Sale by James S Mahan Rev Trust during past 3 months

Past sale on 08/13/2026 10,000 shares for $431,006.70 Sale by James S Mahan Rev Trust during past 3 months

Key Terms

Rule 144, Pre-IPO Shares, attorney-in-fact, Rev Trust

4 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.

Rev Trust financial

"James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403"

FAQ

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

What is Live Oak Bancshares, Inc. (LOB) reporting in this Form 144?

The filing states that James S. Mahan III, via the James S Mahan Rev Trust, has given notice under Rule 144 of a proposed sale of 10,000 shares of Live Oak Bancshares common stock held as pre-IPO shares.

How many LOB shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of 10,000 shares of Live Oak Bancshares, Inc. common stock, with an indicated aggregate market value of $399,877.69 routed through Fidelity Brokerage Services LLC.

What type of Live Oak Bancshares (LOB) shares are being sold?

The shares are identified as pre-IPO shares of Live Oak Bancshares common stock, originally acquired on 12/18/2008 from the issuer and now proposed to be sold for cash under Rule 144.

Who is the beneficial owner involved in this LOB Form 144 filing?

The notice is filed for the account of James S. Mahan III. The sales occurred in the James S Mahan Rev Trust, where he is described as a trustee and account stakeholder.

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

The filing lists multiple past 3‑month sales by the James S Mahan Rev Trust, each of 10,000 shares of Live Oak common stock on dates including 05/27/2026, 05/28/2026, 06/03/2026, 06/04/2026, and others, each with reported dollar proceeds.

Which broker is handling the proposed Live Oak (LOB) share sale?

The proposed 10,000‑share sale of Live Oak Bancshares common stock is listed through Fidelity Brokerage Services LLC, with the stock traded on the NYSE according to the filing.

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

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Available on EDGAR 08/26/2026 - 04:21 PM EDT Accepted by SEC EDGAR 08/26/2026 - 04:20 PM 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	399877.69	46283620	08/26/2026	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	05/27/2026	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 1741 Tiburon Drive Wilmington NC 28403	Common	06/10/2026	10000	387321.69
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	06/11/2026	10000	381850.88
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	08/12/2026	10000	427475.33
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	08/13/2026	10000	431006.70
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	08/19/2026	10000	412350.76
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	08/20/2026	10000	405317.46

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	08/26/2026
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/ Jennifer Ruchti, 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)