SEC Form 4 · accession 0001036743-26-000031
Live Oak Bancshares, Inc. · LOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James S Mahan III
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Aug 19, 2026
Accepted (ET)
Aug 21, 2026 · 4:37 pm EDT
Rule 10b5-1 plan
yes — trade under a plan
Issuer CIK
0001462120
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Voting Common StockF2 | Aug 19, 2026 | S | 8,002 | $41.0478 | D | 2,819,842 | I | By James S. Mahan Revocable Trust |
| Voting Common StockF3 | Aug 19, 2026 | S | 1,998 | $41.9681 | D | 2,817,844 | I | By James S. Mahan Revocable Trust |
| Voting Common StockF4 | Aug 20, 2026 | S | 10,000 | $40.5283 | D | 2,807,844 | I | By James S. Mahan Revocable Trust |
| Voting Common Stock | holding | — | — | — | 3,032,547 | I | By Marguerite D. Mahan Revocable Trust | |
| Voting Common Stock | holding | — | — | — | 127,167 | I | By 2021 Chip Mahan Family and Charitable Trust | |
| Voting Common Stock | holding | — | — | — | 127,167 | I | By 2021 Peggy Mahan Family Trust | |
| Voting Common Stock | holding | — | — | — | 140,150 | I | By Peapod II, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.
- F2This transaction was executed in multiple trades at prices ranging from $40.785 to $41.75. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
- F3This transaction was executed in multiple trades at prices ranging from $41.77 to $42.6624. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
- F4This transaction was executed in multiple trades at prices ranging from $40.20 to $40.8137. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.