Live Oak CEO sets plan to sell up to 400K shares
Live Oak Bancshares, Inc. (LOB) reports that its Chairman and Chief Executive Officer, James S. Mahan III, has adopted a prearranged stock trading plan under Rule 10b5-1.
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. (LOB) reports that its Chairman and Chief Executive Officer, James S. Mahan III, has adopted a prearranged stock trading plan under Rule 10b5-1. The plan permits sales of up to 400,000 shares of his voting common stock holdings, with potential sales occurring from November 2026 through November 2027 as part of his personal long-term financial and tax planning strategies. Individual transactions under this plan will be reported on Forms 4 filed with the SEC.
Positive
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Negative
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Maximum shares under trading plan: 400,000 shares
Plan adoption date: August 28, 2026
Potential sale window start: November 2026
+1 more
4 metrics
Maximum shares under trading plan
400,000 shares
Shares of Live Oak Bancshares, Inc. voting common stock that may be sold by James S. Mahan III under the Rule 10b5-1 plan
Plan adoption date
August 28, 2026
Date James S. Mahan III entered into the prearranged stock trading plan
Potential sale window start
November 2026
Earliest month in which shares may be sold under the trading plan
Potential sale window end
November 2027
Latest month in which shares may be sold under the trading plan
Key Terms
prearranged stock trading plan, Rule 10b5-1, Form 4, voting common stock
4 terms
prearranged stock trading plan financial
"entered into a prearranged stock trading plan to sell up to 400,000 shares"
Rule 10b5-1 regulatory
"The trading plan is designed to comply with Rule 10b5-1 promulgated under"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Form 4 regulatory
"Transactions under the trading plan will be publicly disclosed through Form 4 filings"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
voting common stock financial
"holdings of the Company’s voting common stock, no par value per share"
FAQ
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 28, 2026
(Exact name of registrant as specified in its charter) | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
Registrant’s Telephone Number, Including Area Code: (910 ) 790-5867
| Not Applicable | ||
| (Former name or former address, if changed since last report) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01. Other Events.
On August 28, 2026, James S. Mahan III, who serves as Chairman and Chief Executive Officer of Live Oak Bancshares, Inc. (the “Company”), entered into a prearranged stock trading plan to sell up to 400,000 shares of his holdings of the Company’s voting common stock, no par value per share, as part of his personal long-term financial and tax planning strategies. The shares may be sold starting in November 2026 through November 2027. The trading plan is designed to comply with Rule 10b5-1 promulgated under the Securities Exchange Act of 1934. Transactions under the trading plan will be publicly disclosed through Form 4 filings with the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| LIVE OAK BANCSHARES, INC. | ||||||||
| Date: August 28, 2026 | By: | /s/ Gregory W. Seward | ||||||
| Gregory W. Seward General Counsel | ||||||||