CEO’s trust sells 20,000 Live Oak (LOB) shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. insider reporting shows that the James S. Mahan Revocable Trust, associated with CEO James S. Mahan III, sold a total of 20,000 shares of Voting Common Stock in open-market transactions on February 25–26, 2026.
The reported sales were executed at transaction prices such as $39.2119, $39.6454, $39.2899 and $39.9970 per share, with the trust holding 2,987,844 shares following the last sale. The filing notes these trades were made under a Rule 10b5-1 trading plan adopted on August 27, 2025, indicating they were pre-arranged rather than discretionary market-timed sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
8 txns
Insider
MAHAN JAMES S III
Role
Chief Executive Officer
Sold
20,000 shs ($787K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock | 8,754 | $39.2899 | $344K |
| Sale | Voting Common Stock | 1,246 | $39.997 | $50K |
| Sale | Voting Common Stock | 7,463 | $39.2119 | $293K |
| Sale | Voting Common Stock | 2,537 | $39.6454 | $101K |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 2,987,844 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 (5)
- 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 $38.61 to $39.60. 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 $39.61 to $39.755. 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.
- F4. This transaction was executed in multiple trades at prices ranging from $38.725 to $39.66. 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.
- F5. This transaction was executed in multiple trades at prices ranging from $39.795 to $40.16. 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.
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