Monitor for further insider selling patterns, especially if the pace accelerates or if other C-suite executives join the selling. The consistent monthly sales by a director/officer could signal a lack of conviction in near-term upside, though the sales are pre-planned and relatively small. No immediate catalyst is identified, but the cumulative selling trend is a mild negative signal.
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, with an estimated aggregate market value of $405,500. This filing follows a pattern of regular monthly sales through the James S. Mahan Rev Trust, with 10 prior sales totaling approximately $3.8M over the past three months. While the sale is not large relative to the company's $1.9B market cap, the consistent insider selling by a top executive warrants attention.
Key Facts
- James S. Mahan III (Officer and Director) filed Form 144 to sell 10,000 shares of common stock.
- Estimated aggregate market value of the proposed sale is $405,500.
- The filing notes 10 prior sales by the James S. Mahan Rev Trust in the past 3 months, totaling approximately $3.8M.
- Shares to be sold were acquired pre-IPO on 12/18/2008 via cash.
- Broker is Fidelity Brokerage Services LLC; sale is planned for the open market on NYSE.
Financial Impact
Proposed sale of 10,000 shares valued at ~$405,500; cumulative insider sales of ~$4.2M over the past 3 months.
Risk Factors
- Continued insider selling could pressure the stock if it signals management's view of overvaluation or limited growth prospects.
- The filing is only an intent to sell; the actual sale may not occur, reducing the signal's reliability.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-006251 |
| Document: 0001959173-26-006251-index.html | 0001959173-26-006251 |
| Document: 0001959173-26-006251.txt | 0001959173-26-006251 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $34.68 | awaiting T+20 | — | $34.59 (−0.26%) |
Oct 21, 2026 5d ago | 8-K | $35.71 | awaiting T+20 | — | $34.59 (+3.14%) |
Oct 21, 2026 5d ago | Press Release | $35.71 | awaiting T+20 | — | $34.59 (+3.14%) |
Oct 20, 2026 6d ago | 8-K | $35.35 | awaiting T+20 | — | $34.59 (−2.15%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $34.59 (−12.21%) |
Sep 8, 2026 6w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $34.59 (−11.08%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $34.59 (−12.56%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $34.59 (−12.45%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $34.59 (+15.07%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $34.59 (−15.41%) |
US Market Status
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