Live Oak Bancshares CEO Sells 20000 Shares for $653000
Key Points
CEO James Mahan III sold 20,000 indirect shares of voting common stock for a total of ~$653,000 at a weighted average price of around $32.67 per share on March 11 and March 12, 2026.
LOB shares have continued to fall throughout 2026.
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James S. Mahan III, Chief Executive Officer of Live Oak Bancshares (NYSE:LOB), reported the indirect sale of 20,000 shares of Common Stock for a transaction value of approximately $653,000 across multiple transactions on March 11 and March 12, 2026, according to a SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Shares sold (indirect) | 20,000 |
| Transaction value | $653,321 |
Transaction value based on SEC Form 4 weighted average purchase price ($32.67).
Key questions
- How does the size of this transaction compare to Mahan’s historical trading activity?
This sale matched the recent median trade size of 20,000 shares for Mahan’s sell transactions since December of last year. - What portion of Mahan’s ownership base was affected?
The transaction amounted to 0.31% of his indirect Common Stock holdings, leaving 6,374,875 shares held through indirect vehicles.
Company overview
| Metric | Value |
|---|---|
| Price (as of 3/21/26) | $31.85 |
| Market capitalization | $1.47 billion |
| Revenue (TTM) | $480.78 million |
| Net income (TTM) | $102.82 million |
Company snapshot
Live Oak Bancshares is a Wilmington, North Carolina-based regional bank holding company that offers commercial banking products and services, including deposit accounts, commercial and industrial loans, construction and real estate loans, and government-guaranteed loan services. It generates revenue primarily from interest income on loans and deposits, as well as fees from wealth management and investment advisory accounts.
What this transaction means for investors
Although Live Oak Banking Company, the bank that Live Oak Bancshares owns, may be one of the lesser-known banks compared to larger global banks, it’s still widely popular among businesses.
In October 2025, the U.S. Small Business Administration (SBA) named it the most active SBA 7(a) lender in the nation by dollar volume. A 7(a) loan is the SBA’s primary business loan program that offers financial assistance to small businesses. The bank secured 2,280 SBA loan approvals in FY 2025, providing small business owners with over $2.8 billion in funding.
Live Oak Bancshares had its Q4 earnings report for fiscal year 2025 on Jan 21, 2026, posting its fourth consecutive quarter of revenue growth, generating $150.93 million in revenue, a 61.75% increase from the previous year. The holding company also posted growth in net income and earnings per share (EPS).
While the Q4 results were an improvement over recent quarters, the company has still posted better numbers in previous fiscal years, which contributed to the company’s stock falling over the previous two years. The stock is down 7.29% year to date (YTD), with four consecutive weeks of price declines (as of March 21, 2026). With such a niche operational focus, LOB is less ideal a stock to invest in than other banking competitors.
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Adé Hennis has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Live Oak Bancshares. The Motley Fool has a disclosure policy.
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