Home / Restatements / Live Oak Bancshares, Inc.
Filed 2025-11-12 路 Form 8-K 路 Accession 0001462120-25-000096 small
Price before filing: $31.85 (2025-11-11 close, split/dividend-adjusted)
Market cap at flag: $1.47B (2025-11-12) 路 Latest: $1.62B (2026-10-16)
| Window | LOB | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +10.6% | -0.2% | +10.8% | 2025-12-12 |
| 90 days | +28.5% | +1.6% | +26.9% | 2026-02-10 |
| 180 days | +15.0% | +8.9% | +6.1% | 2026-05-11 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider bought $100K (1 purchase)
30 days after: 2 insiders sold $2.0M (9 sales); 1 insider bought $30K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-18 | LUCHT DAVID G Director | Purchase | 4,000 | $25.12 | $100K | no | Form 4 |
| 2025-11-12: red flag filed | |||||||
| 2025-11-19 | Seward Gregory W General Counsel | Sale | 1,200 | $30.20 | $36K | no | Form 4 |
| 2025-11-20 | Bradford Tonya Williams Director | Purchase | 1,000 | $30.24 | $30K | no | Form 4 |
| 2025-11-26 | MAHAN JAMES S III Chief Executive Officer, Director, 10% owner | Sale | 10,000 | $32.17 | $322K | yes | Form 4 |
| 2025-11-28 | MAHAN JAMES S III Chief Executive Officer, Director, 10% owner | Sale | 10,000 | $32.04 | $320K | yes | Form 4 |
| 2025-12-03 | MAHAN JAMES S III Chief Executive Officer, Director, 10% owner | Sale | 6,082 | $32.92 | $200K | yes | Form 4 |
| 2025-12-03 | MAHAN JAMES S III Chief Executive Officer, Director, 10% owner | Sale | 3,918 | $33.24 | $130K | yes | Form 4 |
| 2025-12-05 | MAHAN JAMES S III Chief Executive Officer, Director, 10% owner | Sale | 10,000 | $32.81 | $328K | yes | Form 4 |
| 2025-12-10 | MAHAN JAMES S III Chief Executive Officer, Director, 10% owner | Sale | 3,505 | $33.65 | $118K | yes | Form 4 |
| 2025-12-10 | MAHAN JAMES S III Chief Executive Officer, Director, 10% owner | Sale | 6,495 | $34.69 | $225K | yes | Form 4 |
| 2025-12-12 | MAHAN JAMES S III Chief Executive Officer, Director, 10% owner | Sale | 10,000 | $35.13 | $351K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-14 to 2025-12-12. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"The Company's management, in consultation with the Audit Committee of the Company's Board of Directors, determined on November 10, 2025, that the Company's previously issued Consolidated Statement of Cash Flows within the Financial Statements included in the Prior Filings and the associated reports of the Company's current and prior registered accounting firms should no longer be relied upon."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Read the original filing on SEC.gov →
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