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LOB - Live Oak Bancshares, Inc.

Insider Sale by Mahan James S III (CEO, 10%)

1 Month
After Trade
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Trade Summary

3 days ago, Mahan James S III, serving as CEO, 10% owner at Live Oak Bancshares, Inc. (LOB), sold 20,000 shares at $40.18 per share, for a total transaction value of $803,598.00. Following this transaction, Mahan James S III now holds 6,434,875 shares of LOB.

The trade was executed on Wednesday, February 18, 2026 and publicly disclosed via SEC Form 4 filing on Friday, February 20, 2026, 2 days after the trade was made.

Live Oak Bancshares, Inc. operates in the FINANCIAL SERVICES sector, specifically within the BANKS - REGIONAL industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Mahan James S III

CEO, 10%

James S. (Chip) Mahan III is the founder, Chairman, and Chief Executive Officer of Live Oak Bancshares, Inc. (NASDAQ: LOB), headquartered in Wilmington, North Carolina, a position he has held since founding the company in 2007.[[1]](https://www.comparably.com/competitors/live-oak-bancshares-ceo-vs-ncino-ceo)[[2]](https://www.liveoak.bank/board-of-directors/)[[4]](https://entrepreneurhof.com/chip-mahan/) Under his leadership, Live Oak Bank, the company's commercial banking subsidiary, has become the nation's leading SBA lender, specializing in lending and deposit services for small businesses nationwide, and pioneered cloud-based banking operations.[[2]](https://www.liveoak.bank/board-of-directors/)[[4]](https://entrepreneurhof.com/chip-mahan/)[[5]](https://www.ncbankers.org/wp-content/uploads/2018/11/Chip-Mahan.pdf) Mahan began his career in 1973 at Wachovia Bank & Trust Co. and held executive roles including Chairman, President, and CEO at Citizens Union National Bank & Trust Co., before co-founding Cardinal Bancshares Inc. in 1987, where he served as Chairman and CEO until 1996, growing it to $800 million in assets.[[1]](https://www.comparably.com/competitors/live-oak-bancshares-ceo-vs-ncino-ceo)[[5]](https://www.ncbankers.org/wp-content/uploads/2018/11/Chip-Mahan.pdf) He co-founded Security First Network Bank, S1 Corp. (serving as CEO from 1995-2000), and nCino, Inc. in 2011, and is involved in Finxact and Payrailz.[[1]](https://www.comparably.com/competitors/live-oak-bancshares-ceo-vs-ncino-ceo)[[2]](https://www.liveoak.bank/board-of-directors/) He holds a B.S. in Finance from Washington & Lee University and recently sold 20,000 LOB shares through his revocable trust on February 4-5, 2026, under a Rule 10b5-1 plan.[[1]](https://www.comparably.com/competitors/live-oak-bancshares-ceo-vs-ncino-ceo)[[3]](https://www.investing.com/news/insider-trading-news/live-oak-bancshares-ceo-mahan-sells-821k-in-stock-93CH-4492132)

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Trade Price

$40.18

Quantity

20,000

Total Value

$803,598.00

Shares Owned

6,434,875

Trade Date

Wednesday, February 18, 2026

3 days ago

SEC Filing Date

Friday, February 20, 2026

Filed 2 days after trade

FINANCIAL SERVICESBANKS - REGIONAL

About Live Oak Bancshares, Inc.

Company Overview

No company information available
View news mentioning LOB

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