Live Oak Bancshares insider plans sale of 10,000 shares on NYSE

James S Mahan Rev Trust filed a Form 144 indicating an intent to sell 10,000 shares of Live Oak Bancshares common stock through Fidelity Brokerage Services LLC on the NYSE.

Rhea-AI Filing Summary

James S Mahan Rev Trust filed a Form 144 indicating an intent to sell 10,000 shares of Live Oak Bancshares common stock through Fidelity Brokerage Services LLC on the NYSE. The planned sale has an aggregate market value of $343,307.20, based on the price information used in the form, and is made against a backdrop of 45,857,617 common shares outstanding. The trust originally acquired these 10,000 shares in an open market purchase from the issuer on 08/21/2020, paid in cash on the same date.

Over the prior three months, the trust reported four separate sales of 10,000 common shares each, on 11/26/2025, 11/28/2025, 12/03/2025, and 12/05/2025, with gross proceeds of $321,747.83, $320,458.60, $330,467.30, and $328,114.80, respectively. The signer represents that they are not aware of any undisclosed material adverse information about Live Oak Bancshares’ current or prospective operations.

FAQ

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

What does the Form 144 filing for LOB disclose?

The Form 144 discloses that James S Mahan Rev Trust intends to sell 10,000 shares of Live Oak Bancshares common stock through Fidelity Brokerage Services LLC on the NYSE, with an aggregate market value of $343,307.20 based on the form’s figures.

How many Live Oak Bancshares (LOB) shares are outstanding in this Form 144?

The filing states that there are 45,857,617 shares of Live Oak Bancshares common stock outstanding, providing context for the size of the reported trades relative to the total share count.

When and how were the 10,000 LOB shares to be sold originally acquired?

The 10,000 common shares were acquired on 08/21/2020 in an open market purchase from the issuer, with cash paid in full on the same date.

What prior sales of Live Oak Bancshares stock are reported in the last 3 months?

The trust reports four prior sales of 10,000 common shares each on 11/26/2025, 11/28/2025, 12/03/2025, and 12/05/2025, with gross proceeds of $321,747.83, $320,458.60, $330,467.30, and $328,114.80, respectively.

Which broker is handling the planned sale in the LOB Form 144?

The planned sale of 10,000 Live Oak Bancshares common shares is listed as being handled by Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, RI 02917, with the shares to be sold on the NYSE.

Does the Form 144 for LOB mention any undisclosed negative information?

The signer represents that they do not know of any material adverse information regarding the current or prospective operations of Live Oak Bancshares that has not been publicly disclosed.

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

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Accepted by SEC EDGAR 12/10/2025 - 04:28 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	343307.20	45857617	12/10/2025	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	08/21/2020	Open Market Purchase	Issuer			10000	08/21/2020	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

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	12/10/2025
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)