Live Oak Bancshares Chairman and CEO Announces Prearranged Stock Trading Plan

Strategic Insights -

James S. Mahan III, Chairman and Chief Executive Officer of Live Oak Bancshares, Inc., has entered into a prearranged stock trading plan to sell up to 400,000 shares of the Company's voting common stock as part of his personal long-term financial and tax planning strategies. The shares may be sold starting in November 2025 through September 2026, and transactions will be publicly disclosed through Form 4 filings with the Securities and Exchange Commission. This move is designed to comply with Rule 10b5-1 promulgated under the Securities Exchange Act of 1934.

Key Takeaways:

  • James S. Mahan III, Chairman and CEO of Live Oak Bancshares, has entered into a prearranged stock trading plan to sell up to 400,000 shares of the Company's voting common stock.
  • The shares may be sold starting in November 2025 through September 2026, with transactions publicly disclosed through Form 4 filings with the SEC.
  • The trading plan is designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, which restricts insider trading.
  • The move is part of Mahan's personal long-term financial and tax planning strategies.
  • The exact number of shares to be sold, the timing of sales, and the prices at which the shares will be sold are not specified.
  • Live Oak Bancshares has confirmed that the trading plan is not related to any material information about the Company.

Statistics:

  • 400,000 shares of Live Oak Bancshares' voting common stock may be sold.
  • Sales are expected to start in November 2025.
  • Sales will continue through September 2026.
  • Transactions will be publicly disclosed through Form 4 filings with the SEC.

Sources:

  • SEC Form 8-K announcement by Live Oak Bancshares, Inc. on August 27, 2025.
  • Securities Exchange Act of 1934, Rule 10b5-1.
  • Securities and Exchange Commission (SEC).