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Live Oak Bancshares CEO Sells 20,000 Shares
Routine portfolio management, not a strategic reduction, says company.
Published on Mar. 2, 2026
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James S. Mahan III, the CEO of Live Oak Bancshares, reported the indirect sale of 20,000 shares of the company's common stock in open-market transactions on February 18 and 19, 2026, for a total of approximately $804,000. The sales were executed under a pre-arranged Rule 10b5-1 trading plan and represent routine portfolio management rather than a strategic reduction or exit from the company's equity.
Why it matters
Live Oak Bancshares is a regional bank holding company that is known for being one of the most active SBA 7(a) lenders in the nation. The company has seen strong financial performance in recent quarters, but its stock has been volatile over the past two years. This transaction by the CEO provides insight into his personal financial management and the company's overall outlook.
The details
According to the SEC Form 4 filing, the sales were executed at a weighted average price of $40.18 per share. After the transactions, Mahan's indirect holdings decreased from 6,454,875 shares to 6,434,875 shares, while his direct holdings remained unchanged at zero.
- The sales took place on February 18 and 19, 2026.
The players
James S. Mahan III
The Chief Executive Officer of Live Oak Bancshares.
Live Oak Bancshares
A Wilmington, North Carolina-based regional bank holding company that offers commercial banking products and services.
The takeaway
This transaction by the Live Oak Bancshares CEO provides insight into his personal financial management and the company's overall outlook. While the sales were routine portfolio management, investors will likely continue to monitor the company's financial performance and stock price movements closely.
