Monitor for the actual execution of this sale and any subsequent Form 4 filings. The consistent monthly selling pattern by a director/officer is not alarming given the small relative size, but a sudden increase in volume or a change in pattern (e.g., larger blocks, accelerated frequency) would be a more concerning signal. No immediate trading action is warranted.
Price Chart
Executive Summary
James S. Mahan III, an officer and director of Live Oak Bancshares, filed a Form 144 notice of intent to sell 10,000 shares of common stock, with an estimated aggregate market value of $427,800. This filing follows a series of similar 10,000-share sales by Mahan's trust over the past three months, totaling approximately $3.8 million in proceeds. While the filing itself is a routine advance notice of intent to sell, the pattern of consistent monthly selling by a key insider warrants attention, though the amounts are not outsized relative to the company's $2.0B market cap.
Key Facts
- James S. Mahan III, an officer and director, filed a Form 144 to sell 10,000 shares of Live Oak Bancshares common stock.
- The estimated aggregate market value of the proposed sale is $427,800.
- Mahan's trust has sold 10,000 shares in each of the last 10 transactions dating back to May 2026, totaling approximately $3.8 million in proceeds.
- The filing is an advance notice of intent to sell; the actual sale may or may not occur.
- The company has a market cap of $2.0B, making the proposed sale approximately 0.02% of market cap.
Financial Impact
Proposed sale of 10,000 shares valued at approximately $427,800, representing about 0.02% of the company's $2.0B market cap.
Risk Factors
- Insider selling pattern may signal lack of confidence if it accelerates or increases in size.
- Form 144 is only an intent to sell; the sale may not be executed, reducing the signal's reliability.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-006195 |
| Document: 0001959173-26-006195-index.html | 0001959173-26-006195 |
| Document: 0001959173-26-006195.txt | 0001959173-26-006195 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $34.68 | awaiting T+20 | — | $34.59 (−0.26%) |
Oct 21, 2026 5d ago | 8-K | $35.71 | awaiting T+20 | — | $34.59 (+3.14%) |
Oct 21, 2026 5d ago | Press Release | $35.71 | awaiting T+20 | — | $34.59 (+3.14%) |
Oct 20, 2026 6d ago | 8-K | $35.35 | awaiting T+20 | — | $34.59 (−2.15%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $34.59 (−12.21%) |
Sep 8, 2026 6w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $34.59 (−11.08%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $34.59 (−12.56%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $34.59 (−12.45%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $34.59 (+15.07%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $34.59 (−15.41%) |
US Market Status
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