Officer/Director Files Intent to Sell Additional $362K in Shares, Continuing Recent Sales Pattern
LOB sits 38% above its 52-week low of $26.19.
Summary
An Officer and Director of Live Oak Bancshares, Inc. has filed to sell an additional $362,263 worth of shares, extending a recent pattern of insider selling.
Key Events · Ownership and Investor Activity · LOB
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Officer/Director Files Intent to Sell
James S. Mahan III, an Officer and Director, filed a Form 144 to sell 10,000 common shares.
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Proposed Sale Value
The proposed sale is valued at approximately $362,263.
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Continuation of Recent Insider Sales
This filing extends a pattern of sales by Mahan, who has sold over $3.3 million worth of shares in the past three months, indicating ongoing insider disposition.
Analysis · LOB · Finance
James S. Mahan III, an Officer and Director, has filed a Form 144 indicating intent to sell an additional 10,000 shares worth approximately $362,263. This follows a series of sales by Mahan, totaling over $3.3 million in the past three months, and adds to the pattern of insider selling observed recently. The ongoing disposition of shares by a key insider could be interpreted as a lack of confidence or a move for personal liquidity.
At the time of this filing, LOB was trading at $36.19 on NYSE in the Finance sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $26.19 to $42.89. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.