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sellWeak cluster of 2

Courtney Spencer sold $378k of LOB

Chief Experience Officer at Live Oak Bancshares, Inc.. 9,700 shares at an average of $39.01, traded Jan 26, 2026, filed Jan 28, 2026.

Warning score
34
Value
$378k
9,700 shares
Holdings after
25,160
-28% from before
From 52-week low
+70%
low $23.05, close $39.15
From 52-week high
-4%
high $40.66, as of Jan 26, 2026

Score components

  • Role
    Officer
    +15
  • Trade size
    $378k at market
    +16
  • Share of holdings sold
    Sold 28% of holdings
    +10
  • Cluster
    2 insiders selling within 14 days
    +8
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -5.3%, 3m -1.2%, 6m +11.7%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

LOBOct 12, 2026 · close 34.80
Since filing Jan 28, 2026: -8.9%SPY +12.8% · excess -21.7%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001937224-26-000002, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Jan 26, 2026MOption exercise
Voting Common Stock
+14,000$13.59$190k34,860Jan 28, 2026
Jan 26, 2026SOpen-market sale
Voting Common Stock
-9,700$39.01$378k25,160Jan 28, 2026
Jan 26, 2026MOption exercise
Stock Option (right to buy)derivative
-14,000$0.00$00Jan 28, 2026

Related signals

Other insiders at Live Oak Bancshares, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
42Moderate
LOBsell 310b5-1
Live Oak Bancshares, Inc.
James S Mahan III
Chief Executive Officer
$774k
20,000 shares
-1%
43Moderate
LOBsell 3
Live Oak Bancshares, Inc.
Tonya Williams Bradford
director
$64k
1,600 shares
-17%
36Weak
LOBsell 310b5-1
Live Oak Bancshares, Inc.
James S Mahan III
Chief Executive Officer
$397k
10,000 shares
-0%
23Weak
LOBsell 310b5-1
Live Oak Bancshares, Inc.
William L. Williams III
director
$264k
6,590 shares
-1%
36Weak
LOBsell 310b5-1
Live Oak Bancshares, Inc.
James S Mahan III
Chief Executive Officer
$395k
10,000 shares
-0%
18Weak
LOBsell 310b5-1
Live Oak Bancshares, Inc.
William L. Williams III
director
$72k
1,810 shares
-0%
42Moderate
LOBsell 310b5-1
Live Oak Bancshares, Inc.
James S Mahan III
Chief Executive Officer
$796k
20,000 shares
-1%
35Weak
LOBsell 210b5-1
Live Oak Bancshares, Inc.
James S Mahan III
Chief Executive Officer
$818k
20,000 shares
-1%
43Moderate
LOBsell 410b5-1
Live Oak Bancshares, Inc.
James S Mahan III
Chief Executive Officer
$858k
20,000 shares
-1%
44Moderate
LOBsell 5
Live Oak Bancshares, Inc.
David G Lucht
director
$89k
2,000 shares
-13%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Courtney Spencer sold $378k of LOB | InsiderTell