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LOB Insider Trading & Form 4 Activity

Live Oak Bancshares, Inc.
Last filing: Sep 11, 2026·1mo ago· Data may be outdated
BEARISH · LAST 90 DAYS
0%
buyers
$0
0 buys
$542K
5 sells
-$542K
net selling
4
insiders
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ACTIVE SELLING CLUSTER

3 insiders sold a combined $479K of LOB between Jul 27, 2026 and Aug 4, 2026.

Lucht David G, Moroz Mark Michael, Spencer Courtney

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Net flow — last 12 months

Monthly net of insider buys minus sells. Green months indicate net buying; red months indicate net selling.

Most active insiders

Ranked by total transaction value over the last 90 days.

INSIDERBOUGHTSOLDNET
Mahan James S III
Chief Executive Officer
—
$4.0M
-$4.0M
Williams William L. III
Insider
—
$698K
-$698K
Moroz Mark Michael
Chief Banking Officer
—
$257K
-$257K
Lucht David G
Insider
—
$215K
-$215K
Bradford Tonya Williams
Insider
—
$64K
-$64K
Spencer Courtney
Chief Experience Officer
—
$7K
-$7K
Losch William C III
President
—
—
$0
Cairns Michael
Chief Credit Officer
—
—
$0

Recent transactions

Every Form 4 transaction for LOB, newest first.

SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Sep 10·Filed Sep 11·EDGAR ↗
10,000 sh @ $38.75
$387K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Sep 9·Filed Sep 11·EDGAR ↗
10,000 sh @ $38.63
$386K
SELL
Bradford Tonya Williams · Insider
Tx Sep 3·Filed Sep 8·EDGAR ↗
1,600 sh @ $39.89
$64K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Sep 3·Filed Sep 8·EDGAR ↗
10,000 sh @ $39.75
$397K
SELL10b5-1
Williams William L. III · Insider
Tx Sep 3·Filed Sep 8·EDGAR ↗
6,590 sh @ $40.09
$264K
SELL10b5-1
Williams William L. III · Insider
Tx Sep 2·Filed Sep 3·EDGAR ↗
1,810 sh @ $40.00
$72K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Sep 2·Filed Sep 3·EDGAR ↗
258 sh @ $39.88
$10K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Sep 2·Filed Sep 3·EDGAR ↗
9,742 sh @ $39.53
$385K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Aug 27·Filed Aug 28·EDGAR ↗
10,000 sh @ $39.66
$397K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Aug 26·Filed Aug 28·EDGAR ↗
10,000 sh @ $39.99
$400K
EXERCISE
Losch William C III · President
Tx Aug 25·Filed Aug 26·EDGAR ↗
50,000 sh
—
TAX
Losch William C III · President
Tx Aug 25·Filed Aug 26·EDGAR ↗
22,221 sh @ $39.99
$889K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Aug 20·Filed Aug 21·EDGAR ↗
10,000 sh @ $40.53
$405K
EXERCISE
Cairns Michael · Chief Credit Officer
Tx Aug 19·Filed Aug 21·EDGAR ↗
2,420 sh
—
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Aug 19·Filed Aug 21·EDGAR ↗
1,998 sh @ $41.97
$84K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Aug 19·Filed Aug 21·EDGAR ↗
8,002 sh @ $41.05
$328K
TAX
Cairns Michael · Chief Credit Officer
Tx Aug 19·Filed Aug 21·EDGAR ↗
1,076 sh @ $40.89
$44K
EXERCISE
Phifer Walter J · Chief Financial Officer
Tx Aug 18·Filed Aug 19·EDGAR ↗
2,916 sh
—
TAX
Phifer Walter J · Chief Financial Officer
Tx Aug 18·Filed Aug 19·EDGAR ↗
1,296 sh @ $42.60
$55K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Aug 13·Filed Aug 14·EDGAR ↗
10,000 sh @ $43.10
$431K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Aug 12·Filed Aug 14·EDGAR ↗
10,000 sh @ $42.75
$427K
TAX
Losch William C III · President
Tx Aug 10·Filed Aug 12·EDGAR ↗
18,665 sh @ $42.23
$788K
EXERCISE
Derraik Renato · Chief Info./Digital Off., Bank
Tx Aug 10·Filed Aug 12·EDGAR ↗
25,000 sh
—
TAX
Derraik Renato · Chief Info./Digital Off., Bank
Tx Aug 10·Filed Aug 12·EDGAR ↗
11,111 sh @ $42.23
$469K
EXERCISE
Losch William C III · President
Tx Aug 10·Filed Aug 12·EDGAR ↗
42,000 sh
—
SELL
Spencer Courtney · Chief Experience Officer
Tx Aug 4·Filed Aug 5·EDGAR ↗
154 sh @ $43.68
$7K
SELL
Lucht David G · Insider
Tx Aug 4·Filed Aug 5·EDGAR ↗
2,000 sh @ $44.36
$89K
SELL10b5-1
Williams William L. III · Insider
Tx Aug 3·Filed Aug 5·EDGAR ↗
8,400 sh @ $43.08
$362K
SELL
Moroz Mark Michael · Chief Banking Officer
Tx Jul 28·Filed Jul 29·EDGAR ↗
6,100 sh @ $42.08
$257K
SELL
Lucht David G · Insider
Tx Jul 27·Filed Jul 29·EDGAR ↗
3,000 sh @ $42.13
$126K
SELL10b5-1
Williams William L. III · Insider
Tx Jul 1·Filed Jul 6·EDGAR ↗
5,796 sh @ $41.78
$242K
SELL10b5-1
Williams William L. III · Insider
Tx Jul 1·Filed Jul 6·EDGAR ↗
2,604 sh @ $41.23
$107K
SELL10b5-1
Williams William L. III · Insider
Tx Jun 24·Filed Jun 25·EDGAR ↗
8,400 sh @ $40.05
$336K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Jun 11·Filed Jun 12·EDGAR ↗
10,000 sh @ $38.19
$382K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Jun 10·Filed Jun 12·EDGAR ↗
915 sh @ $39.20
$36K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Jun 10·Filed Jun 12·EDGAR ↗
9,085 sh @ $38.68
$351K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Jun 4·Filed Jun 5·EDGAR ↗
9,921 sh @ $37.26
$370K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Jun 4·Filed Jun 5·EDGAR ↗
79 sh @ $37.65
$3K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Jun 3·Filed Jun 5·EDGAR ↗
637 sh @ $37.14
$24K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx Jun 3·Filed Jun 5·EDGAR ↗
9,363 sh @ $36.42
$341K
EXERCISE
Lunsford Jeffrey W · Insider
Tx May 1·Filed Jun 2·EDGAR ↗
1,890 sh
—
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx May 21·Filed May 26·EDGAR ↗
6,612 sh @ $36.92
$244K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx May 21·Filed May 26·EDGAR ↗
3,388 sh @ $37.42
$127K
EXERCISE
Moroz Mark Michael · Chief Banking Officer
Tx May 20·Filed May 21·EDGAR ↗
7,117 sh
—
TAX
Moroz Mark Michael · Chief Banking Officer
Tx May 20·Filed May 21·EDGAR ↗
3,163 sh @ $36.20
$115K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx May 20·Filed May 21·EDGAR ↗
9,645 sh @ $36.83
$355K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx May 20·Filed May 21·EDGAR ↗
355 sh @ $37.15
$13K
EXERCISE
Lunsford Jeffrey W · Insider
Tx May 1·Filed May 21·EDGAR ↗
1,890 sh
—
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx May 14·Filed May 18·EDGAR ↗
10,000 sh @ $36.23
$362K
SELL10b5-1
Mahan James S III · Chief Executive Officer
Tx May 13·Filed May 15·EDGAR ↗
10,000 sh @ $35.96
$360K

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About LOB insider trading data

Form 4 is the SEC filing required when an officer, director, or 10% owner of a public company buys or sells the company's stock. By law, these filings must be submitted within two business days of the trade. Tracenotes pulls every Form 4 filing for LOB from EDGAR, parses it, and surfaces the activity on this page.

What insider buying tells you. Open-market purchases by insiders are widely studied as a meaningful signal. Unlike stock awards (which are compensation, not conviction), an executive spending their own money to buy shares of the company they run is a vote of confidence. Studies have found insider-buying clusters — three or more insiders buying within a short window — outperform the broader market over the following year.

What insider selling tells you. Selling is noisier. Many sales are pre-scheduled under SEC Rule 10b5-1 plans, which let insiders sell on a fixed schedule regardless of company news. We label these "10b5-1" so you can see them. Discretionary sales — sales not tied to a plan — are more meaningful, especially when multiple insiders sell in quick succession.

Tracenotes methodology. We scan EDGAR daily for new Form 4 filings, parse them into individual transactions, and detect clusters when three or more distinct insiders buy or sell within a 14-day window. The data on this page covers the last 12 months. For deeper analysis, Tracenotes also runs language-change detection on 10-K and 10-Q filings — that's our core product.

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Frequently asked questions

What is a Form 4 filing?

Form 4 is the SEC disclosure required when a company insider — an officer, director, or 10% owner — buys or sells the company's stock. By law these filings must be submitted within two business days of the trade.

Is insider buying LOB always bullish?

Open-market purchases by insiders are widely viewed as a bullish signal because executives are spending their own money. Stock awards and option exercises are part of compensation and don't carry the same weight, which is why we treat them separately on this page.

What is a 10b5-1 trade?

A trade made under SEC Rule 10b5-1, which lets insiders pre-schedule sales weeks or months in advance. These sales execute on a fixed plan regardless of company news, so they're a weaker signal than discretionary sales. We label them with a "10b5-1" tag.

What is an insider cluster?

A cluster is when three or more distinct insiders buy or sell within a 14-day window. Clusters are studied as stronger signals than single trades because multiple people independently reach the same view. We surface active clusters on Live Oak Bancshares, Inc. (LOB) when they form.

Where does LOB insider trading data come from?

Every Form 4 filing for LOB is sourced directly from SEC EDGAR. Tracenotes scans EDGAR daily, parses each Form 4 into individual transactions, and updates this page within hours of new filings.

Nothing on this page constitutes investment advice. Form 4 data is sourced from SEC EDGAR and provided for research purposes only.

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