JAMES S. MAHAN III - 03 Dec 2025 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jonathan A. Greene, By Power of Attorney
Issuer symbol
LOB
Transactions as of
03 Dec 2025
Transactions value $
-$330,468
Form type
4
Filing time
05 Dec 2025, 16:54:19 UTC
Previous filing
01 Dec 2025
Next filing
09 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
MAHAN JAMES S III Chief Executive Officer, Director, 10%+ Owner 1741 TIBURON DRIVE, WILMINGTON /s/ Jonathan A. Greene, By Power of Attorney 05 Dec 2025 0001036743

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Sale -$200K -6.08K -0.19% $32.92 3.12M 03 Dec 2025 By James S. Mahan Revocable Trust F1, F2
transaction LOB Voting Common Stock Sale -$130K -3.92K -0.13% $33.24 3.12M 03 Dec 2025 By James S. Mahan Revocable Trust F1, F3
holding LOB Voting Common Stock 3.03M 03 Dec 2025 By Marguerite D. Mahan Revocable Trust
holding LOB Voting Common Stock 127K 03 Dec 2025 By 2021 Chip Mahan Family and Charitable Trust
holding LOB Voting Common Stock 127K 03 Dec 2025 By 2021 Peggy Mahan Family Trust
holding LOB Voting Common Stock 140K 03 Dec 2025 By Peapod II, LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The 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.
F2 This transaction was executed in multiple trades at prices ranging from $32.206 to $33.189. 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.
F3 This transaction was executed in multiple trades at prices ranging from $33.19 to $33.29. 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.