Live Oak Bancshares general counsel Gregory Seward sells $176,550 in stock

Live Oak Bancshares General Counsel Gregory Seward divested 5,000 shares of the company's common stock on October 26, 2026, selling them for a total of $176,550. The transactions were conducted within a range of $35.2602 to $35.7734 per share, following a Rule 10b5-1 trading plan initiated on February 27, 2026. The insider sale occurred as Live Oak Bancshares' stock was trading at $34.66, resulting in a company market capitalization of $1.61 billion.

The stock appeared undervalued, trading below its Fair Value, with a P/E ratio of 12.24 considered low relative to near-term earnings growth. Seward personally owns 108,797 shares of Live Oak Bancshares, in addition to RSUs that vest in annual installments from 2023 to 2027, contingent upon continuous service. Despite a mixed earnings report in the third quarter of 2026, with earnings per share below expectations due to a provision charge from its distillery portfolio, the company's revenue exceeded forecasts, and adjusted earnings per share remained strong.

Investors focused on the positive aspects, such as record pre-provision earnings and continued loan growth, highlighting the company's resilience in maintaining revenue despite financial setbacks.