On May 21, 2026, James S. Mahan III, the Chief Executive Officer of Live Oak Bancshares, Inc. (NASDAQ:LOB), sold 10,000 shares of the company’s voting common stock for a total of $370,915. The transactions were executed in two parts: 6,612 shares at an average price of $36.9221 and 3,388 shares at $37.4223. This sale occurred as Live Oak Bancshares' stock has surged nearly 39% over the past year, currently trading at $37.85 and boasting a market capitalization of $1.67 billion. The shares sold were held indirectly by the James S. Mahan Revocable Trust, which now holds 2,907,844 shares. The sales were part of a Rule 10b5-1 trading plan adopted in August 2025. In recent earnings, the company reported an EPS of $0.60, surpassing analyst expectations, although revenue fell short at $145.47 million. The company also declared dividends for common and preferred shares, payable in June 2026, and approved key proposals at its 2026 Annual Meeting.