SEC Form 4 · accession 0001036743-26-000035
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
Sep 2, 2026
Accepted (ET)
Sep 3, 2026 · 4:52 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 | Sep 2, 2026 | S | 9,742 | $39.5323 | D | 2,778,102 | I | By James S. Mahan Revocable Trust |
| Voting Common StockF3 | Sep 2, 2026 | S | 258 | $39.875 | D | 2,777,844 | 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 $35.855 to $39.79. 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 $39.84 to $39.975. 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.