This is a routine 144 filing consistent with a pre-existing pattern of monthly 10,000-share sales by the same trust. It carries minimal incremental signal for the preferred shares (LOB-PA). No immediate trading action is warranted; monitor for any unexpected acceleration or a sale at a materially different price or volume that would break the established pattern.
Price Chart
Executive Summary
James S. Mahan III, a director and/or officer of Live Oak Bancshares, filed a Form 144 to sell 10,000 common shares worth approximately $367,000 through Fidelity. This filing reflects intent to sell, not a completed transaction, and follows a pattern of nearly identical monthly 10,000-share sales in the James S. Mahan Rev Trust since March 2026, suggesting a systematic diversification plan rather than a one-off informed trade. The dollar value is modest for a preferred-stock holder, and the repeated pattern reduces any singular signal.
Key Facts
- Insider James S. Mahan III filed Form 144 to sell 10,000 common shares of Live Oak Bancshares, Inc. (LOB-PA).
- Approximate aggregate dollar value of the proposed sale is $367,000.
- The proposed sale is through Fidelity Brokerage Services LLC.
- Mahan is listed as both Officer and Director.
- This is part of a recurring monthly pattern: similar 10,000-share sales by the James S. Mahan Rev Trust have been recorded in March, May, and June 2026, with 11 similar transactions in the past 3 months.
Financial Impact
$367,000 proposed sale — negligible relative to the bank's total equity and market cap. The pattern of $329k–$377k monthly sales suggests a pre-arranged diversification program.
Risk Factors
- Preferred-share holders (LOB-PA) have limited exposure to common-share insider activity; the sale does not directly affect dividend coverage or credit quality.
- The recurring nature of these sales reduces the likelihood of a negative informational signal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-004326 |
| Document: 0001959173-26-004326-index.html | 0001959173-26-004326 |
| Document: 0001959173-26-004326.txt | 0001959173-26-004326 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $34.68 | awaiting T+20 | — | $34.72 (+0.12%) |
Oct 21, 2026 5d ago | 8-K | $35.71 | awaiting T+20 | — | $34.72 (+2.77%) |
Oct 21, 2026 5d ago | Press Release | $35.71 | awaiting T+20 | — | $34.72 (+2.77%) |
Oct 20, 2026 6d ago | 8-K | $35.35 | awaiting T+20 | — | $34.72 (−1.78%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $34.72 (−11.88%) |
Sep 8, 2026 6w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $34.72 (−10.75%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $34.72 (−12.23%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $34.72 (−12.12%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $34.72 (+14.76%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $34.72 (−15.09%) |
US Market Status
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