LOB Live Oak Bancshares, Inc.
Price Chart
Executive Summary
James S. Mahan III, an officer and director of Live Oak Bancshares, filed a Form 144 to sell 10,000 common shares with an approximate market value of $381,851. The filing covers shares held in the James S. Mahan Rev Trust and notes that identical 10,000-share sales have been executed nearly daily since March 2026, indicating a systematic pre-planned selling program rather than a one-off event.
Actionable Insight
This 144 is part of an established routine selling pattern by Mahan — not a new or unexpected insider exit. Traders should monitor whether the pace or size of the sales accelerates, or if other insiders begin similar programs, but this filing alone carries negligible directional signal. No immediate catalyst-based trade is warranted.
Key Facts
- James S. Mahan III (Officer & Director) filed a Form 144 to sell 10,000 common shares valued at approximately $381,851.
- The Form 144 discloses 11 prior similar 10,000-share sales by the James S. Mahan Rev Trust between March 11 and June 10, 2026, totaling about 110,000 shares over the prior 3 months.
- The filing states all these sales occurred in the James S. Mahan Rev Trust, of which Mahan is a trustee and account stakeholder.
- Recent insider activity shows 6 sells totaling $2.1M in the past 30 days, consistent with this pattern.
- The historical P&L for neutral-scored LOB filings averages +2.48% at T+20, but the 144 signals a standing pre-planned selling program, not a new informed signal.
Financial Impact
Standard 10,000-share sale (part of ongoing daily program); the latest tranche is valued at ~$381,851. Total sales disclosed over the prior 3 months approximate ~$3.7M based on the 11 block trade values listed (range $325k–$387k each).
Risk Factors
- Sustained insider selling, even routine, can pressure sentiment in a $1.8B market-cap bank.
- If the selling pattern expands or if Mahan shifts from daily 10k-block sales to a significantly larger block, it could indicate reduced conviction.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-004571 |
| Document: 0001959173-26-004571-index.html | 0001959173-26-004571 |
| Document: 0001959173-26-004571.txt | 0001959173-26-004571 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
144
| $38.67 awaiting T+1 | awaiting T+1 | — | $39.03 (+0.93%) |
|
Jun 4, 2026
8d ago
|
144
| $25.14 $25.16 | ▲ +0.10% | ▲ +2.67% | $39.03 (+55.28%) |
|
Jun 3, 2026
9d ago
|
144
| $25.14 $25.16 | ▲ +0.10% | ▲ +2.67% | $39.03 (+55.28%) |
|
May 27, 2026
16d ago
|
144
| $25.35 $25.50 | ▲ +0.59% | ▲ +0.05% | $39.03 (+53.96%) |
|
May 21, 2026
22d ago
|
144
| $25.28 $25.34 | ▲ +0.24% | ▼ −0.21% | $39.03 (+54.39%) |
|
May 20, 2026
23d ago
|
144
| $25.27 $25.28 | ▲ +0.04% | ▼ −0.15% | $39.03 (+54.45%) |
|
May 19, 2026
24d ago
|
8-K
| $24.75 $24.76 | ▲ +0.04% | ▼ −0.15% | $39.03 (+57.69%) |
|
May 14, 2026
29d ago
|
144
| $24.77 $24.74 | ▼ −0.11% | ▼ −0.05% | $39.03 (+57.57%) |
|
May 13, 2026
4w ago
|
144
| $25.31 $25.22 | ▼ −0.34% | ▼ −1.11% | $39.03 (+54.24%) |
|
Apr 30, 2026
6w ago
|
144
| $25.32 $25.34 | ▲ +0.08% | ▼ −0.14% | $39.03 (+54.15%) |
US Market Status
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