Live Oak CEO Mahan sells 20,000 shares under plan
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. (LOB) insider James S. Mahan III, the Chief Executive Officer, director and more-than-10% owner, reported sales of 20,000 shares of Voting Common Stock in open-market or private transactions under a Rule 10b5-1 trading plan adopted on August 27, 2025. The James S. Mahan Revocable Trust sold 10,000 shares at $40.5283 on August 20, 2026 and 8,002 shares at $41.0478 plus 1,998 shares at $41.9681 on August 19, 2026, all at weighted average prices executed across multiple trades. Indirect holdings reported after these transactions include 3,032,547 shares held by the Marguerite D. Mahan Revocable Trust, 127,167 shares held by the 2021 Chip Mahan Family and Charitable Trust, 127,167 shares held by the 2021 Peggy Mahan Family Trust, and 140,150 shares held by Peapod II, LLC.
Positive
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Negative
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
7 txns
Insider
MAHAN JAMES S III
Role
Chief Executive Officer
Sold
20,000 shs ($818K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock F1, F4 | 10,000 | $40.5283 | $405K |
| Sale | Voting Common Stock F1, F2 | 8,002 | $41.0478 | $328K |
| Sale | Voting Common Stock F1, F3 | 1,998 | $41.9681 | $84K |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 2,807,844 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 (4)
- 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 $40.785 to $41.75. 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 $41.77 to $42.6624. 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 $40.20 to $40.8137. 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: 20,000 shares
Sale price August 20, 2026: $40.5283 per share
Sale price August 19, 2026 (first block): $41.0478 per share
+5 more
8 metrics
Shares sold
20,000 shares
Total Voting Common Stock sold across reported transactions
Sale price August 20, 2026
$40.5283 per share
Weighted average price for 10,000 shares sold by James S. Mahan Revocable Trust
Sale price August 19, 2026 (first block)
$41.0478 per share
Weighted average price for 8,002 shares sold by James S. Mahan Revocable Trust
Sale price August 19, 2026 (second block)
$41.9681 per share
Weighted average price for 1,998 shares sold by James S. Mahan Revocable Trust
Marguerite D. Mahan Revocable Trust holdings
3,032,547 shares
Indirect Voting Common Stock holdings reported after transactions
2021 Chip Mahan Family and Charitable Trust holdings
127,167 shares
Indirect holdings reported after transactions
2021 Peggy Mahan Family Trust holdings
127,167 shares
Indirect holdings reported after transactions
Peapod II, LLC holdings
140,150 shares
Indirect holdings reported after transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, Voting Common Stock, Revocable Trust
4 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"
Revocable Trust financial
"nature_of_ownership: By James S. Mahan Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What insider transactions did LOB report for James S. Mahan III?
James S. Mahan III reported sales of 20,000 shares of Live Oak Bancshares Voting Common Stock in open-market or private transactions on August 19–20, 2026, carried out indirectly through the James S. Mahan Revocable Trust.
Were the LOB insider sales made under a Rule 10b5-1 trading plan?
Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025, and the Rule 10b5-1 checkbox is marked as affirmed.
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