This 144 is part of an established routine selling pattern by Mahan — not a new or unexpected insider exit. Traders should monitor whether the pace or size of the sales accelerates, or if other insiders begin similar programs, but this filing alone carries negligible directional signal. No immediate catalyst-based trade is warranted.
Price Chart
Executive Summary
James S. Mahan III, an officer and director of Live Oak Bancshares, filed a Form 144 to sell 10,000 common shares with an approximate market value of $381,851. The filing covers shares held in the James S. Mahan Rev Trust and notes that identical 10,000-share sales have been executed nearly daily since March 2026, indicating a systematic pre-planned selling program rather than a one-off event.
Key Facts
- James S. Mahan III (Officer & Director) filed a Form 144 to sell 10,000 common shares valued at approximately $381,851.
- The Form 144 discloses 11 prior similar 10,000-share sales by the James S. Mahan Rev Trust between March 11 and June 10, 2026, totaling about 110,000 shares over the prior 3 months.
- The filing states all these sales occurred in the James S. Mahan Rev Trust, of which Mahan is a trustee and account stakeholder.
- Recent insider activity shows 6 sells totaling $2.1M in the past 30 days, consistent with this pattern.
Financial Impact
Standard 10,000-share sale (part of ongoing daily program); the latest tranche is valued at ~$381,851. Total sales disclosed over the prior 3 months approximate ~$3.7M based on the 11 block trade values listed (range $325k–$387k each).
Risk Factors
- Sustained insider selling, even routine, can pressure sentiment in a $1.8B market-cap bank.
- If the selling pattern expands or if Mahan shifts from daily 10k-block sales to a significantly larger block, it could indicate reduced conviction.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-004571 |
| Document: 0001959173-26-004571-index.html | 0001959173-26-004571 |
| Document: 0001959173-26-004571.txt | 0001959173-26-004571 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $34.68 | awaiting T+20 | — | $34.63 (−0.14%) |
Oct 21, 2026 5d ago | 8-K | $35.71 | awaiting T+20 | — | $34.63 (+3.02%) |
Oct 21, 2026 5d ago | Press Release | $35.71 | awaiting T+20 | — | $34.63 (+3.02%) |
Oct 20, 2026 6d ago | 8-K | $35.35 | awaiting T+20 | — | $34.63 (−2.04%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $34.63 (−12.11%) |
Sep 8, 2026 6w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $34.63 (−10.98%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $34.63 (−12.46%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $34.63 (−12.35%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $34.63 (+14.98%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $34.63 (−15.31%) |
US Market Status
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