CEO Adopts New 10b5-1 Plan to Sell Up to 400,000 Shares Over 12 Months
LOB sits 37% above its 52-week low of $29.36.
Summary
Live Oak Bancshares CEO James Mahan adopted a new Rule 10b5-1 plan to sell up to 400,000 shares from November 2026 through November 2027, adding a significant forward overhang to an ongoing insider selling pattern.
Key Events · Ownership and Investor Activity · LOB
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New 10b5-1 Plan for 400,000 Shares
CEO James S. Mahan III adopted a prearranged trading plan on August 28, 2026, authorizing sale of up to 400,000 shares from November 2026 through November 2027.
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Potential Proceeds of ~$16M
At the current price of $40.13, 400,000 shares represent approximately $16 million in potential future selling pressure.
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Extends Insider Distribution Trend
Follows four Form 144 filings in June 2026 and a Chief Banking Officer sale in July 2026, with net insider selling of $4.8M over the past 90 days.
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Sales Begin November 2026
The plan permits sales starting in November 2026 and running through November 2027, with each transaction to be disclosed via Form 4.
Analysis · LOB · Finance
Chairman and CEO James S. Mahan III has adopted a new prearranged trading plan authorizing the sale of up to 400,000 shares of Live Oak Bancshares common stock between November 2026 and November 2027. At the current price of $40.13, that represents roughly $16 million in potential future selling pressure. This is a separate, forward-looking authorization from the $796K sale disclosed in a concurrent filing, and it extends an already notable insider distribution trend — four Form 144 filings in June 2026 and a Chief Banking Officer sale in July 2026. The plan is framed as part of personal long-term financial and tax planning, and sales will be disclosed via Form 4 filings as they occur.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 31.7% of the 1731 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LOB was trading at $40.13 on NYSE in the Finance sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $29.36 to $44.53. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.