Director William L. Williams III filed a Form 4 with the SEC on September 8, 2026, reporting the sale of 6,590 shares of Live Oak Bancshares, Inc. voting common stock on September 3, 2026, pursuant to a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Shares sold: William L. Williams III disposed of 6,590 shares of voting common stock on September 3, 2026.
  • Weighted average price: The reported price was $40.0941 per share, with individual trades ranging from $40.09 to $40.1850.
  • 10b5-1 plan: The sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2026.
  • Indirect ownership following sale: The William L. Williams Revocable Trust held 1,105,725.8621 shares after the transaction.
  • Additional holdings: 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 Sells Live Oak Bancshares Shares Under Pre-Planned Trading Program

According to the Form 4 filed on September 8, 2026, William L. Williams III, a director of Live Oak Bancshares, Inc. (NYSE:LOB), sold 6,590 shares of voting common stock on September 3, 2026. The filing states the transaction was executed in multiple trades at prices ranging from $40.09 to $40.1850, with a weighted average price of $40.0941 per share reported in the filing. The reporting person undertakes to provide full information on individual trade prices and share counts upon request to the SEC staff, the issuer, or a security holder.

The filing notes that the sale was effected pursuant to a Rule 10b5-1 trading plan that Williams adopted on March 12, 2026. The transaction was made indirectly through the William L. Williams Revocable Trust, which held 1,105,725.8621 shares following the reported transaction, according to the filing.

In addition to the trust's holdings, the filing discloses that Williams directly owns 52,825 shares, holds 14,110 shares indirectly through Spoint-ILM, LLC, and holds 137,025 shares indirectly through the Elizabeth Williams Family Trust. The Form 4 was signed by Jonathan A. Greene, by power of attorney, on September 8, 2026.

What Was Disclosed

The filing reported a single disposition of 6,590 voting common shares by a Live Oak Bancshares director on September 3, 2026, at a weighted average price of $40.0941, made under a pre-adopted Rule 10b5-1 plan. Multiple indirect ownership positions were also disclosed.