The consistent monthly 10,000-share sales by a director are routine and not alarming, but traders should watch for any acceleration or a change in the pattern (e.g., larger block or sudden halt) which could signal a shift in insider sentiment. Monitor next Form 4 filings to confirm actual execution of this 144 notice.
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 common shares valued at approximately $390,000. This filing is part of a consistent pattern of monthly sales through his revocable trust, with nine prior sales of 10,000 shares each over the past three months totaling ~$3.6M. The sale is routine for a director and represents a small fraction of his likely total holdings, but the persistent monthly cadence warrants monitoring for any change in pace or context ahead of the next earnings report.
Key Facts
- James S. Mahan III (officer/director) filed Form 144 to sell 10,000 shares of LOB common stock.
- Estimated aggregate value of proposed sale: $390,000 based on filing date price.
- Mahan has sold 10,000 shares per month through his revocable trust in each of the last three months (June, August, September 2026), totaling ~$3.6M in prior sales.
- The filing notes the shares were acquired pre-IPO on 12/18/2008, indicating long-held control stock.
Financial Impact
Proposed sale of 10,000 shares at ~$390,000; prior three-month sales total ~$3.6M.
Risk Factors
- Insider selling could accelerate if the company's financial performance deteriorates or if the director's personal liquidity needs change.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-006638 |
| Document: 0001959173-26-006638-index.html | 0001959173-26-006638 |
| Document: 0001959173-26-006638.txt | 0001959173-26-006638 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $34.68 | awaiting T+20 | — | $34.89 (+0.61%) |
Oct 21, 2026 5d ago | 8-K | $35.71 | awaiting T+20 | — | $34.89 (+2.30%) |
Oct 21, 2026 5d ago | Press Release | $35.71 | awaiting T+20 | — | $34.89 (+2.30%) |
Oct 20, 2026 6d ago | 8-K | $35.35 | awaiting T+20 | — | $34.89 (−1.30%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $34.89 (−11.45%) |
Sep 8, 2026 6w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $34.89 (−10.31%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $34.89 (−11.80%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $34.89 (−11.69%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $34.89 (+14.34%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $34.89 (−14.67%) |
US Market Status
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