Form 4: Live Oak Bancshares CEO James S. Mahan III Reports Gift of Shares

James S. Mahan III, CEO of Live Oak Bancshares, reports gifting 72,000 shares of voting common stock on February 14, 2025.

Summary

• On February 14, 2025, James S. Mahan III, the CEO of Live Oak Bancshares, reported a transaction involving the gifting of 72,000 shares of voting common stock.
• The shares were disposed of at a price of $0.
• Following the transaction, Mahan continues to hold shares indirectly through various trusts and LLCs.
• These include Peapod II, LLC (140,150 shares), 2021 Chip Mahan Family and Charitable Trust (127,167 shares), James S. Mahan Revocable Trust (3,147,844 shares), Marguerite D. Mahan Revocable Trust (3,032,547 shares), and 2021 Peggy Mahan Family Trust (127,167 shares).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their potential impact on the stock's ownership structure.

Stakeholder Impact

• The gifting of shares by the CEO could have a minor impact on shareholders, potentially affecting the stock's float and ownership distribution.

Key Dates

Keywords

Live Oak Bancshares, James S. Mahan III, CEO, Form 4, SEC, Share Gifting, Voting Common Stock, Beneficial Ownership, Insider Transaction