James S. Mahan III, CEO, Director, and a ten percent owner of Live Oak Bancshares, Inc. (NASDAQ:LOB), sold 10,000 shares of voting common stock on May 20, 2026, totaling approximately $368,369.
The shares were sold at prices ranging from $36.137 to $37.2137 per share under a Rule 10b5-1 trading plan adopted on August 27, 2025. All shares were held indirectly through the James S. Mahan Revocable Trust.
The stock currently trades at $37.41, up 39% over the past year. According to Bond.az analysis, Live Oak Bancshares appears undervalued at current levels, with a P/E ratio of 20.46.
Following the sale, the James S. Mahan Revocable Trust holds 2,917,844 shares. Mahan also holds additional indirect shares through other trusts and entities.
In other news, Live Oak Bancshares reported Q1 2026 earnings with EPS of $0.60, beating estimates, but revenue of $145.47 million missed forecasts. The company also declared dividends for shareholders.
