Live Oak director sells 1,810 shares at $40
A Live Oak Bancshares director reported a small 10b5-1 plan-driven share sale while retaining substantial direct and indirect holdings.
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. (LOB) director William L. Williams III reported an indirect sale of 1,810 shares of Voting Common Stock on September 2, 2026, by the William L. Williams Revocable Trust at a weighted average price of $40.0006 per share, in trades ranging from $40.00 to $40.01. The sale was effected under a Rule 10b5-1 trading plan adopted on March 12, 2026. After this transaction, the revocable trust held 1,112,315.8621 shares, and Williams also reported 52,825 shares held directly, 14,110 shares held indirectly through Spoint-ILM, LLC, and 137,025 shares held indirectly through the Elizabeth Williams Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,810 shares
Net Sell
4 txns
Insider
WILLIAMS WILLIAM L. III
Role
Director
Sold
1,810 shs ($72K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock F1, F2 | 1,810 | $40.0006 | $72K |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 1,112,315.8621 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 $40.00 to $40.01. 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: 1,810 shares
Weighted average sale price: $40.0006 per share
Revocable trust holdings after transaction: 1,112,315.8621 shares
+4 more
7 metrics
Shares sold
1,810 shares
Indirect sale on September 2, 2026 by the William L. Williams Revocable Trust
Weighted average sale price
$40.0006 per share
Sale of 1,810 shares on September 2, 2026 in trades from $40.00 to $40.01
Revocable trust holdings after transaction
1,112,315.8621 shares
Indirect holdings by the William L. Williams Revocable Trust after the sale
Direct holdings after transaction
52,825 shares
Shares held directly by William L. Williams III as of September 2, 2026
Spoint-ILM, LLC indirect holdings
14,110 shares
Shares held indirectly through Spoint-ILM, LLC as of September 2, 2026
Elizabeth Williams Family Trust indirect holdings
137,025 shares
Shares held indirectly through the Elizabeth Williams Family Trust as of September 2, 2026
Rule 10b5-1 plan adoption date
March 12, 2026
Trading plan under which the reported sales were effected
Key Terms
Rule 10b5-1 trading plan, weighted average price, indirect ownership
3 terms
Rule 10b5-1 trading plan regulatory
"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."
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 ownership financial
"Indirect holdings reported through the William L. Williams Revocable Trust, Spoint-ILM, LLC and the Elizabeth Williams Family Trust."
FAQ
What insider transaction did LOB director William L. Williams III report?
He reported an indirect sale of 1,810 shares of Live Oak Bancshares Voting Common Stock on September 2, 2026 by the William L. Williams Revocable Trust at a weighted average price of $40.0006 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
