Live Oak Bancshares (LOB) CEO Mahan sells 20,000 shares via 10b5-1 plan
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. director, Chief Executive Officer and 10% owner James S. Mahan III reported indirect open-market sales of Voting Common Stock totaling 20,000 shares. On August 12, 2026, a revocable trust associated with him sold 10,000 shares at a weighted average price of $42.7475 per share. On August 13, 2026, the same trust sold an additional 10,000 shares at a weighted average price of $43.0973 per share. The filing states these sales were effected pursuant to a Rule 10b5-1 trading plan adopted on August 27, 2025. Indirect holdings reported include 3,032,547 shares held by a revocable trust for Marguerite D. Mahan, 127,167 shares each held by two family trusts, and 140,150 shares held by Peapod II, LLC.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
6 txns
Insider
MAHAN JAMES S III
Role
Chief Executive Officer
Sold
20,000 shs ($858K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock F1, F3 | 10,000 | $43.0973 | $431K |
| Sale | Voting Common Stock F1, F2 | 10,000 | $42.7475 | $427K |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 2,827,844 shares (Indirect, By James S. Mahan Revocable Trust);
Voting Common Stock — 3,032,547 shares (Indirect, By Marguerite D. Mahan Revocable Trust);
Voting Common Stock — 127,167 shares (Indirect, By 2021 Chip Mahan Family and Charitable Trust);
Voting Common Stock — 127,167 shares (Indirect, By 2021 Peggy Mahan Family Trust);
Voting Common Stock — 140,150 shares (Indirect, By Peapod II, LLC)
Footnotes (3)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.
- F2. This transaction was executed in multiple trades at prices ranging from $42.395 to $42.97. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
- F3. This transaction was executed in multiple trades at prices ranging from $42.895 to $43.39. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected
Key Figures
Shares sold Aug 12, 2026: 10,000 shares at $42.7475 per share
Shares sold Aug 13, 2026: 10,000 shares at $43.0973 per share
Total shares sold: 20,000 shares
+4 more
7 metrics
Shares sold Aug 12, 2026
10,000 shares at $42.7475 per share
Indirect sale by James S. Mahan Revocable Trust, weighted average price
Shares sold Aug 13, 2026
10,000 shares at $43.0973 per share
Indirect sale by James S. Mahan Revocable Trust, weighted average price
Total shares sold
20,000 shares
Aggregate non-derivative sales of Voting Common Stock reported
Marguerite D. Mahan trust holding
3,032,547 shares
Indirect Voting Common Stock holding reported as of August 12, 2026
2021 Chip Mahan Family and Charitable Trust
127,167 shares
Indirect Voting Common Stock holding reported
2021 Peggy Mahan Family Trust
127,167 shares
Indirect Voting Common Stock holding reported
Peapod II, LLC holding
140,150 shares
Indirect Voting Common Stock holding reported
Key Terms
Rule 10b5-1 trading plan, weighted average price, indirect, revocable trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect financial
"ownership_type" : "indirect" for the reporting person’s trust transactions"
revocable trust financial
"nature_of_ownership" : "By James S. Mahan Revocable Trust""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Voting Common Stock financial
"security_title" : "Voting Common Stock" for all reported entries"
FAQ
What insider transactions did LOB CEO James S. Mahan III report?
James S. Mahan III reported two indirect open-market sales of Live Oak Bancshares Voting Common Stock totaling 20,000 shares, executed on August 12 and 13, 2026 through the James S. Mahan Revocable Trust.
Were the recent LOB insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025, indicating the transactions followed a pre-established trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
