<SEC-DOCUMENT>0001959173-25-007819.txt : 20251217
<SEC-HEADER>0001959173-25-007819.hdr.sgml : 20251217
<ACCEPTANCE-DATETIME>20251217162212
ACCESSION NUMBER:		0001959173-25-007819
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251217
DATE AS OF CHANGE:		20251217

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Live Oak Bancshares, Inc.
		CENTRAL INDEX KEY:			0001462120
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		ORGANIZATION NAME:           	02 Finance
		EIN:				264596286
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-37497
		FILM NUMBER:		251579550

	BUSINESS ADDRESS:	
		STREET 1:		1741 TIBURON DRIVE
		CITY:			WILMINGTON
		STATE:			NC
		ZIP:			28403
		BUSINESS PHONE:		910-790-5867

	MAIL ADDRESS:	
		STREET 1:		1741 TIBURON DRIVE
		CITY:			WILMINGTON
		STATE:			NC
		ZIP:			28403

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAHAN JAMES S III
		CENTRAL INDEX KEY:			0001036743
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		3390 PEACHTREE RD NE
		STREET 2:		STE 1700
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30324
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001036743</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001462120</issuerCik>
      <issuerName>Live Oak Bancshares, Inc.</issuerName>
      <secFileNumber>001-37497</secFileNumber>
      <issuerAddress>
        <com:street1>1741 TIBURON DRIVE</com:street1>
        <com:city>WILMINGTON</com:city>
        <com:stateOrCountry>NC</com:stateOrCountry>
        <com:zipCode>28403</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>910-790-5867</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>MAHAN JAMES S III</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Fidelity Brokerage Services LLC</name>
        <address>
          <com:street1>900 Salem Street</com:street1>
          <com:city>Smithfield</com:city>
          <com:stateOrCountry>RI</com:stateOrCountry>
          <com:zipCode>02917</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>10000</noOfUnitsSold>
      <aggregateMarketValue>359724.00</aggregateMarketValue>
      <noOfUnitsOutstanding>45857617</noOfUnitsOutstanding>
      <approxSaleDate>12/17/2025</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>08/20/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Open Market Purchase</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>253</amountOfSecuritiesAcquired>
      <paymentDate>08/21/2020</paymentDate>
      <natureOfPayment>Cash</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>08/21/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Open Market Purchase</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>9747</amountOfSecuritiesAcquired>
      <paymentDate>08/21/2020</paymentDate>
      <natureOfPayment>Cash</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>James S Mahan Rev Trust</name>
        <address>
          <com:street1>1741 Tiburon Drive</com:street1>
          <com:city>Wilmington</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>28403</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>11/26/2025</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>321747.83</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>James S Mahan Rev Trust</name>
        <address>
          <com:street1>1741 Tiburon Drive</com:street1>
          <com:city>Wilmington</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>28403</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>11/28/2025</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>320458.60</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>James S Mahan Rev Trust</name>
        <address>
          <com:street1>1741 Tiburon Drive</com:street1>
          <com:city>Wilmington</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>28403</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>12/03/2025</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>330467.30</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>James S Mahan Rev Trust</name>
        <address>
          <com:street1>1741 Tiburon Drive</com:street1>
          <com:city>Wilmington</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>28403</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>12/05/2025</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>328114.80</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>James S Mahan Rev Trust</name>
        <address>
          <com:street1>1741 Tiburon Drive</com:street1>
          <com:city>Wilmington</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>28403</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>12/10/2025</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>343307.20</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>James S Mahan Rev Trust</name>
        <address>
          <com:street1>1741 Tiburon Drive</com:street1>
          <com:city>Wilmington</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>28403</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>12/12/2025</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>351337.65</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>Today's sale and those that are recorded in the past 3 months occurred in the James S Mahan Rev Trust of which James S. Mahan III is a Trustee and Account Stakeholder.</remarks>
    <noticeSignature>
      <noticeDate>12/17/2025</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>08/27/2025</planAdoptionDate>
      </planAdoptionDates>
      <signature>/s/ Tyler Johnson, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for James S. Mahan III</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
