Insider sales are small and routine relative to market cap. The CEO's sale of ~$395K is notable in absolute terms but not unusual for a top executive. No immediate catalyst — monitor next 10-Q for credit quality trends in the bank's loan portfolio.
Price Chart
Executive Summary
Three insiders at Live Oak Bancshares, including CEO James Mahan III, sold a total of ~$147K in open-market sales over two days. The CEO's sale of ~$395K dominates the cluster, but the total is only ~0.05% of the company's market cap, making it a routine liquidity event. No material news or catalyst accompanies the sales.
Key Financial Metrics
Key Facts
- CEO James Mahan III sold 10,000 shares total (~$395K) on 2026-09-02 at ~$39.53-$39.88.
- Director William L. Williams III sold 1,810 shares (~$72K) on 2026-09-02 at $40.00.
- Director Tonya Williams Bradford sold 1,600 shares (~$64K) on 2026-09-03 at $39.89.
- Total cluster value of ~$147K (excluding CEO's larger sale) is ~0.05% of market cap, well below the 0.1% materiality threshold.
- All sales are open-market (code S) with no indication of 10b5-1 plans, but the small dollar amounts relative to market cap suggest routine diversification.
Financial Impact
~$147K in total insider sales, representing ~0.05% of market cap — immaterial.
Risk Factors
- CEO selling 10,000 shares in a single day could signal personal portfolio rebalancing, but the amount is not alarming.
- No recent earnings or material events to contextualize the sales — cluster appears liquidity-driven.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LOB-1788898739477 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | — | awaiting T+20 | — | — |
Oct 21, 2026 5d ago | 8-K | $35.71 | awaiting T+20 | — | $35.15 (+1.57%) |
Oct 21, 2026 5d ago | Press Release | $35.71 | awaiting T+20 | — | $35.15 (+1.57%) |
Oct 20, 2026 6d ago | 8-K | $35.35 | awaiting T+20 | — | $35.15 (−0.57%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $35.15 (−10.79%) |
Sep 8, 2026 6w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $35.15 (−9.64%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $35.15 (−11.15%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $35.15 (−11.04%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $35.15 (+13.70%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $35.15 (−14.04%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers