Live Oak CEO sells 10K shares via trust plan
Live Oak Bancshares, Inc. director and CEO James S. Mahan reported indirect open-market sales of 10,000 shares of Voting Common Stock on May 20, 2026 through the James S. Mahan Revocable Trust.
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. director and CEO James S. Mahan reported indirect open-market sales of 10,000 shares of Voting Common Stock on May 20, 2026 through the James S. Mahan Revocable Trust. The shares were sold at weighted average prices of $36.8253 and $37.1524.
The filing notes these transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 27, 2025. Following the sales, the revocable trust held 2,917,844 shares indirectly, and additional indirect holdings are reported in other family trusts and an LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
6 txns
Insider
MAHAN JAMES S III
Role
Chief Executive Officer
Sold
10,000 shs ($368K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock | 9,645 | $36.8253 | $355K |
| Sale | Voting Common Stock | 355 | $37.1524 | $13K |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 2,917,844 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 $36.137 to $37.1241. 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 $37.1279 to $37.2137. 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: 10,000 shares
Weighted average price (9,645 shares): $36.8253 per share
Weighted average price (355 shares): $37.1524 per share
+3 more
6 metrics
Shares sold
10,000 shares
Open-market sales on May 20, 2026 by revocable trust
Weighted average price (9,645 shares)
$36.8253 per share
Open-market sale of 9,645 shares on May 20, 2026
Weighted average price (355 shares)
$37.1524 per share
Open-market sale of 355 shares on May 20, 2026
Shares held after sale
2,917,844 shares
James S. Mahan Revocable Trust indirect holdings after transactions
Indirect holdings (Marguerite D. Mahan Revocable Trust)
3,032,547 shares
Voting Common Stock total following reported holdings entry
Indirect holdings (Peapod II, LLC)
140,150 shares
Voting Common Stock total following reported holdings entry
Key Terms
Rule 10b5-1 trading plan, weighted average price, Voting Common Stock, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 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.
Voting Common Stock financial
"security_title: Voting Common Stock for each reported transaction."
open-market sale financial
"transaction_action: open-market sale for the S-coded transactions."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"ownership_type: indirect with nature of ownership by various trusts and an LLC."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.
