Director William L. Williams III filed a Form 4 with the SEC on September 3, 2026, reporting the sale of 1,810 shares of Live Oak Bancshares, Inc. voting common stock on September 2, 2026, executed pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Shares sold: 1,810 shares of voting common stock were disposed of on September 2, 2026.
  • Weighted average price: $40.0006 per share, with individual trades ranging from $40.00 to $40.01.
  • 10b5-1 plan: The sale was made under a Rule 10b5-1 trading plan adopted by Williams on March 12, 2026.
  • Post-transaction indirect holdings: Williams indirectly holds 1,112,315.8621 shares through the William L. Williams Revocable Trust following the reported transaction.
  • Additional positions: Williams also holds 52,825 shares directly, 14,110 shares indirectly through Spoint-ILM, LLC, and 137,025 shares indirectly through the Elizabeth Williams Family Trust.

Williams Sale Details and Beneficial Ownership at Live Oak Bancshares

According to the filing, William L. Williams III, a director of Live Oak Bancshares, Inc. (NASDAQ:LOB), sold 1,810 shares of voting common stock on September 2, 2026, at a weighted average price of $40.0006 per share. The filing notes that the transaction was executed in multiple trades at prices ranging from $40.00 to $40.01, and that Williams undertakes to provide full details of individual trade prices and quantities upon request to the SEC staff, the issuer, or a security holder.

The filing indicates the sale was carried out pursuant to a Rule 10b5-1 trading plan that Williams adopted on March 12, 2026. The form was signed by Jonathan A. Greene, acting by Power of Attorney, and filed on September 3, 2026.

Following the reported sale, the filing discloses that Williams beneficially owns shares across several accounts. The William L. Williams Revocable Trust holds 1,112,315.8621 shares indirectly. Williams also reports 52,825 shares held directly, 14,110 shares held indirectly through Spoint-ILM, LLC, and 137,025 shares held indirectly through the Elizabeth Williams Family Trust. No derivative securities transactions were reported in the filing.

What Was Disclosed

The filing reported a single open-market sale of 1,810 shares of Live Oak Bancshares voting common stock by director William L. Williams III on September 2, 2026, at a weighted average price of $40.0006, under a pre-established Rule 10b5-1 plan adopted March 12, 2026.