The sustained selling by a key insider (officer and director) over three months is a bearish signal. Monitor for any upcoming earnings or material news that might explain the selling. The pattern suggests potential headwinds or a lack of confidence in near-term valuation.
Price Chart
Executive Summary
James S. Mahan III, an officer and director of Live Oak Bancshares, filed a Form 144 indicating intent to sell 10,000 shares of common stock valued at approximately $427,800. The filing also details a series of 10 prior sales totaling 100,000 shares between May and June 2026, executed through the James S. Mahan Rev Trust. This represents a continuation of significant insider selling activity, with Mahan having sold 110,000 shares over the past three months, which is notable given the company's $2.0B market cap and the insider's dual role as both officer and director.
Key Facts
- James S. Mahan III, an officer and director, filed to sell 10,000 shares (~$427,800) on 08/12/2026.
- The filing reveals 10 prior sales totaling 100,000 shares from May 13 to June 11, 2026, through the James S. Mahan Rev Trust.
- Total insider selling over the past ~3 months amounts to 110,000 shares, a substantial volume for a $2B market cap bank.
- The proposed sale is at an estimated market price of $42.78 per share, near the current market price.
Financial Impact
Proposed sale of 10,000 shares valued at ~$427,800; cumulative 3-month insider selling of 110,000 shares valued at ~$3.9M
Risk Factors
- Form 144 is an intent to sell, not a completed sale; the actual sale may not occur.
- Insider selling could be for personal diversification or tax planning, not necessarily a signal of company distress.
- The bank's analyst consensus is 56% bullish, which may counterbalance insider selling sentiment.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (LOB) — Batch item 1 | 0001959173-26-005914 |
| Document: 0001959173-26-005914-index.html | 0001959173-26-005914 |
| Document: 0001959173-26-005914.txt | 0001959173-26-005914 |
| 144 Filing (LOB) — Batch item 4 | 0001959173-26-005914 |
| Document: 0001959173-26-005914-index.html | 0001959173-26-005914 |
| Document: 0001959173-26-005914.txt | 0001959173-26-005914 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $34.68 | awaiting T+20 | — | $34.83 (+0.44%) |
Oct 21, 2026 5d ago | 8-K | $35.71 | awaiting T+20 | — | $34.83 (+2.46%) |
Oct 21, 2026 5d ago | Press Release | $35.71 | awaiting T+20 | — | $34.83 (+2.46%) |
Oct 20, 2026 6d ago | 8-K | $35.35 | awaiting T+20 | — | $34.83 (−1.46%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $34.83 (−11.59%) |
Sep 8, 2026 6w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $34.83 (−10.46%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $34.83 (−11.95%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $34.83 (−11.84%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $34.83 (+14.48%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $34.83 (−14.81%) |
US Market Status
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