Live Oak Bancshares (NASDAQ: LOB) CEO trust sells 10,000 company shares
Rhea-AI Filing Summary
Live Oak Bancshares Chief Executive Officer James S. Mahan III, through the James S. Mahan Revocable Trust, sold a total of 10,000 shares of Voting Common Stock on May 21, 2026 in two open-market transactions. The trades covered 3,388 shares at a weighted average price of $37.4223 per share and 6,612 shares at a weighted average price of $36.9221 per share. The filing states these sales were executed under a Rule 10b5-1 trading plan adopted on August 27, 2025. The report also lists indirect holdings of Voting Common Stock by related entities, including 140,150 shares held by Peapod II, LLC, 127,167 shares held by the 2021 Peggy Mahan Family Trust, 127,167 shares held by the 2021 Chip Mahan Family and Charitable Trust, and 3,032,547 shares held by the Marguerite D. Mahan Revocable Trust.
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 ($371K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock | 6,612 | $36.9221 | $244K |
| Sale | Voting Common Stock | 3,388 | $37.4223 | $127K |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 2,907,844 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 $36.37 to $37.3548. 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 $37.3569 to $37.49. 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
Total shares sold: 10,000 shares
First trade size: 3,388 shares
First trade price: $37.4223/share
+5 more
8 metrics
Total shares sold
10,000 shares
Open-market sales on May 21, 2026 by James S. Mahan Revocable Trust
First trade size
3,388 shares
Voting Common Stock sold at a weighted average price of $37.4223
First trade price
$37.4223/share
Weighted average sale price for 3,388 shares of Voting Common Stock
Second trade size
6,612 shares
Voting Common Stock sold at a weighted average price of $36.9221
Second trade price
$36.9221/share
Weighted average sale price for 6,612 shares of Voting Common Stock
Rule 10b5-1 plan adoption date
August 27, 2025
Date the reporting person adopted the trading plan used for these sales
Peapod II, LLC holdings
140,150 shares
Indirect Voting Common Stock held by Peapod II, LLC
Marguerite D. Mahan Revocable Trust holdings
3,032,547 shares
Indirect Voting Common Stock held by Marguerite D. Mahan Revocable Trust
Key Terms
Rule 10b5-1 trading plan, open-market sale, weighted average price, Voting Common Stock, +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 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.
open-market sale financial
"transaction_action": "open-market sale""
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.
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""
indirect financial
"ownership_type": "indirect""
AI-generated analysis. How Rhea-AI works. Not financial advice.
