Live Oak Bancshares (NYSE: LOB) director sells 8,400 shares via 10b5-1 plan
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. director William L. Williams III, through the William L. Williams Revocable Trust, sold 8,400 shares of Voting Common Stock on August 3, 2026 at a weighted average price of $43.0792, in multiple trades between $42.56 and $43.40, under a Rule 10b5-1 trading plan adopted March 12, 2026.
Following the sale, the Revocable Trust held 1,114,125.8621 shares indirectly; additional reported holdings were 52,825 shares held directly, and 14,110 and 137,025 shares held indirectly through Spoint-ILM, LLC and the Elizabeth Williams Family Trust, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 8,400 shares
Net Sell
4 txns
Insider
WILLIAMS WILLIAM L. III
Role
Director
Sold
8,400 shs ($362K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock F1, F2 | 8,400 | $43.0792 | $362K |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 1,114,125.8621 shares (Indirect, By William L. Williams Revocable Trust);
Voting Common Stock — 52,825 shares (Direct);
Voting Common Stock — 14,110 shares (Indirect, By Spoint-ILM, LLC);
Voting Common Stock — 137,025 shares (Indirect, By Elizabeth Williams Family Trust)
Footnotes (2)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2026.
- F2. This transaction was executed in multiple trades at prices ranging from $42.56 to $43.40. 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: 8,400 shares
Weighted average sale price: $43.0792 per share
Trade price range: $42.56–$43.40 per share
+5 more
8 metrics
Shares sold
8,400 shares
Voting Common Stock sold on August 3, 2026
Weighted average sale price
$43.0792 per share
Average price across multiple trades for the 8,400-share sale
Trade price range
$42.56–$43.40 per share
Range of prices at which the 8,400 shares were sold
Revocable Trust holdings after sale
1,114,125.8621 shares
Indirect ownership by William L. Williams Revocable Trust following the transaction
Direct holdings after transaction
52,825 shares
Shares held directly by the reporting person after the reported date
Spoint-ILM, LLC holdings
14,110 shares
Indirect holdings reported as owned through Spoint-ILM, LLC
Elizabeth Williams Family Trust holdings
137,025 shares
Indirect holdings reported as owned through Elizabeth Williams Family Trust
Rule 10b5-1 plan adoption date
March 12, 2026
Adoption date of trading plan governing the reported sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, Voting Common Stock, Revocable Trust
4 terms
Rule 10b5-1 trading plan regulatory
"The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
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.
Voting Common Stock financial
"security_title: Voting Common Stock"
Revocable Trust financial
"nature_of_ownership: By William L. Williams 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Was the LOB insider sale by William L. Williams III under a Rule 10b5-1 trading plan?
Yes. The 8,400-share sale was effected pursuant to a Rule 10b5-1 trading plan. The plan was adopted on March 12, 2026, and the Form 4 indicates the Rule 10b5-1 checkbox is affirmed for these transactions.