The filing signals continued insider selling by a key officer/director, but the pattern of regular 10,000-share sales suggests a pre-arranged plan or diversification strategy rather than a negative signal. Monitor for any acceleration in selling frequency or volume, which would be more concerning.
Price Chart
Executive Summary
James S. Mahan III, an officer and director of Live Oak Bancshares, Inc., filed a Form 144 on June 3, 2026, indicating intent to sell 10,000 shares of common stock with an estimated aggregate market value of approximately $364,671. This filing follows a series of similar 10,000-share sales by the Mahan Rev Trust over the past three months, suggesting a pattern of routine portfolio diversification rather than a one-time event.
Key Facts
- James S. Mahan III (officer and director) filed Form 144 to sell 10,000 shares of Live Oak Bancshares common stock.
- Estimated aggregate market value of proposed sale: approximately $364,671.
- The filing notes that today's sale and those recorded in the past 3 months occurred in the James S Mahan Rev Trust, of which Mahan is a trustee and account stakeholder.
- The Form 144 lists 10 prior sales of 10,000 shares each by the trust between March and May 2026, with proceeds ranging from ~$325,000 to ~$377,000.
- The filing is an advance notice of intent to sell; the actual sale may or may not occur.
Financial Impact
Proposed sale of 10,000 shares valued at ~$364,671. This is part of a recurring pattern of similar-sized sales by the trust.
Risk Factors
- Insider selling may be perceived negatively by the market, though the recurring pattern reduces alarm.
- The sale may not occur; Form 144 is an intent to sell, not a completed transaction.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-004315 |
| Document: 0001959173-26-004315-index.html | 0001959173-26-004315 |
| Document: 0001959173-26-004315.txt | 0001959173-26-004315 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $34.68 | awaiting T+20 | — | $34.80 (+0.35%) |
Oct 21, 2026 5d ago | 8-K | $35.71 | awaiting T+20 | — | $34.80 (+2.55%) |
Oct 21, 2026 5d ago | Press Release | $35.71 | awaiting T+20 | — | $34.80 (+2.55%) |
Oct 20, 2026 6d ago | 8-K | $35.35 | awaiting T+20 | — | $34.80 (−1.56%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $34.80 (−11.68%) |
Sep 8, 2026 6w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $34.80 (−10.54%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $34.80 (−12.03%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $34.80 (−11.92%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $34.80 (+14.56%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $34.80 (−14.89%) |
US Market Status
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