Live Oak Bancshares CEO Sells Another 20,000 Shares

Transaction and post-transaction values based connected SEC Form 4 weighted mean acquisition terms of $40.18 connected Feb. 19, 2026.

• What is the interaction connected Mr. Mahan’s nonstop and indirect ownership?
  Direct holdings stay unchanged astatine zero, portion indirect holdings decreased modestly from 6,454,875 to 6,434,875 shares.

• What is the discourse of the transaction?
  The income were executed nether a pre-arranged Rule 10b5-1 trading program adopted connected Aug. 27, 2025, and correspond routine, scheduled portfolio absorption alternatively than a strategical simplification oregon exit from the company’s equity.

Live Oak Bancshares is simply a Wilmington, North Carolina-based determination slope holding institution that offers commercialized banking products and services including deposit accounts, commercialized and concern loans, operation and existent property loans, and government-guaranteed indebtedness services. It generates gross chiefly from involvement income connected loans and deposits, arsenic good arsenic fees from wealthiness absorption and concern advisory accounts.

Although Live Oak Banking Company, the slope that Live Oak Bancshares owns, whitethorn beryllium 1 of the lesser-known banks compared to larger planetary banks, it’s inactive wide fashionable wrong the concern sector.

In October 2025, the U.S. Small Business Administration (SBA) named it the astir progressive SBA 7(a) lender successful the federation by dollar volume. A 7(a) indebtedness is the SBA’s superior concern indebtedness programme that offers fiscal assistance to tiny businesses. The slope secured 2,280 SBA indebtedness approvals successful FY 2025, providing tiny concern owners with implicit $2.8 cardinal successful funding.

Live Oak Bancshares had its Q4 net study for fiscal twelvemonth 2025 connected Jan 21, 2026, posting its 4th consecutive 4th of gross growth, generating $150.93 cardinal successful revenue, a 61.75% summation from the erstwhile year. The holding institution besides posted maturation successful nett income and net per stock (EPS).

While the Q4 results were an betterment implicit caller quarters, the institution has inactive posted amended numbers successful erstwhile fiscal years, which contributed to the company’s banal falling implicit the erstwhile 2 years. The banal is not down successful terms successful 2026 (as of Feb. 28), but it whitethorn beryllium hard to determine whether to put successful a institution that focuses connected a niche marketplace successful tiny concern banking.