This is a routine insider sale by a director/officer with no material negative signal. The prior sales over the past three months suggest a pattern of gradual portfolio diversification rather than a reaction to adverse company news. Monitor for any subsequent Form 4 filings to confirm execution, but 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 on May 14, 2026, indicating intent to sell 10,000 shares of common stock (not the preferred LOB-PA series) with an estimated aggregate market value of ~$362,263. The filing also discloses nine prior sales by the James S. Mahan Rev Trust between February and May 2026, totaling 90,000 shares. This is a routine insider sale by a director/officer; the dollar amount is modest relative to typical insider holdings and does not signal material concern.
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: ~$362,263.
- The filing also discloses nine prior sales by the James S. Mahan Rev Trust between Feb 18 and May 13, 2026, totaling 90,000 shares.
- The proposed sale is for common stock, not the LOB-PA preferred series.
- No material financial data or company-specific events accompany this filing.
Financial Impact
Proposed sale of 10,000 shares valued at ~$362,263; prior 3-month sales total 90,000 shares.
Risk Factors
- Insider selling may increase if the pattern accelerates or involves larger dollar amounts.
- No direct risk to LOB-PA preferred holders from common stock insider sales.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-003614 |
| Document: 0001959173-26-003614-index.html | 0001959173-26-003614 |
| Document: 0001959173-26-003614.txt | 0001959173-26-003614 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 144 | $34.68 | awaiting T+20 | — | $34.74 (+0.17%) |
Oct 21, 2026 6d ago | 8-K | $35.71 | awaiting T+20 | — | $34.74 (+2.72%) |
Oct 21, 2026 6d ago | Press Release | $35.71 | awaiting T+20 | — | $34.74 (+2.72%) |
Oct 20, 2026 7d ago | 8-K | $35.35 | awaiting T+20 | — | $34.74 (−1.73%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $34.74 (−11.83%) |
Sep 8, 2026 7w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $34.74 (−10.69%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $34.74 (−12.18%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $34.74 (−12.07%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $34.74 (+14.71%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $34.74 (−15.04%) |
US Market Status
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