This insider selling cluster is too small to be informative. Monitor upcoming Q3 2026 earnings for any fundamental deterioration, but this filing alone does not warrant action.
Price Chart
Executive Summary
Three insiders at Live Oak Bancshares, including CEO James Mahan, sold a total of $716K in shares over a 7-day window. The CEO's two open-market sales of $774K are the most notable, but the total represents only ~0.04% of the $1.8B market cap, falling below the 0.1% materiality threshold. The cluster is likely driven by routine portfolio diversification or tax planning, not a bearish signal on the bank's fundamentals, especially given the weak predictive power of insider sales clusters per academic literature.
Key Financial Metrics
Key Facts
- CEO James Mahan sold 20,000 shares total ($774K) in two open-market sales on Sept 9-10, 2026.
- Director William L. Williams III sold 6,600 shares ($264K) on Sept 3, 2026.
- Director Tonya Williams Bradford sold 1,600 shares ($64K) on Sept 3, 2026.
- Total insider sales of $716K represent ~0.04% of LOB's $1.8B market cap.
- Prior 30-day insider activity shows 10 sells totaling $2.8M, consistent with ongoing routine selling.
- The cluster is a sell-only cluster, but the dollar amount is trivial relative to market cap, and insider sales clusters are not predictive per academic literature.
Financial Impact
Total insider sales of $716K represent ~0.04% of LOB's $1.8B market cap — immaterial.
Risk Factors
- Insider selling could accelerate if fundamentals deteriorate, but this cluster is too small to indicate that.
- The bank sector faces interest rate and credit risk, but this filing provides no new information on those risks.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LOB-1789192912030 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | — | awaiting T+20 | — | — |
Oct 21, 2026 5d ago | 8-K | $35.71 | awaiting T+20 | — | $34.68 (+2.88%) |
Oct 21, 2026 5d ago | Press Release | $35.71 | awaiting T+20 | — | $34.68 (+2.88%) |
Oct 20, 2026 6d ago | 8-K | $35.35 | awaiting T+20 | — | $34.68 (−1.90%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $34.68 (−11.98%) |
Sep 8, 2026 6w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $34.68 (−10.85%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $34.68 (−12.34%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $34.68 (−12.22%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $34.68 (+14.85%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $34.68 (−15.19%) |
US Market Status
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