Live Oak CEO trust sells 10K shares at $39.75
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Form Type
4
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. (LOB) insider activity shows a trust associated with Chief Executive Officer and director James S. Mahan III selling 10,000 shares of voting common stock on September 3, 2026 at a weighted average price of $39.75 per share under a Rule 10b5-1 trading plan adopted on August 27, 2025. After this sale, the James S. Mahan Revocable Trust held 2,767,844 shares indirectly, while other family-related trusts and an LLC continued to hold additional indirect positions.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
5 txns
Insider
MAHAN JAMES S III
Role
Chief Executive Officer
Sold
10,000 shs ($397K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock F1, F2 | 10,000 | $39.7466 | $397K |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 2,767,844 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 (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 August 27, 2025.
- F2. This transaction was executed in multiple trades at prices ranging from $39.54 to $40.17. 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 sale price: $39.75 per share
Shares held after sale – James S. Mahan Revocable Trust: 2,767,844 shares
+5 more
8 metrics
Shares sold
10,000 shares
Voting common stock sold on September 3, 2026 by James S. Mahan Revocable Trust
Weighted average sale price
$39.75 per share
Weighted average for trades ranging from $39.54 to $40.17 on September 3, 2026
Shares held after sale – James S. Mahan Revocable Trust
2,767,844 shares
Indirect ownership of Live Oak Bancshares voting common stock following the sale
Shares held – Marguerite D. Mahan Revocable Trust
3,032,547 shares
Indirect ownership associated with James S. Mahan III
Shares held – 2021 Chip Mahan Family and Charitable Trust
127,167 shares
Indirect holding of voting common stock
Shares held – 2021 Peggy Mahan Family Trust
127,167 shares
Indirect holding of voting common stock
Shares held – Peapod II, LLC
140,150 shares
Indirect holding of voting common stock associated with James S. Mahan III
Rule 10b5-1 plan adoption date
August 27, 2025
Date the trading plan governing the reported sales was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, voting common stock
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 August 27, 2025."
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
"Voting Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LOB report for James S. Mahan III on September 3, 2026?
On September 3, 2026, a trust associated with James S. Mahan III sold 10,000 shares of Live Oak Bancshares voting common stock. The transaction involved indirect ownership through the James S. Mahan Revocable Trust and was executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
