Form 4: Live Oak Bancshares Director Tonya Williams Bradford Sells 2,600 Shares
SEC Form 4 Filing
Director Tonya Williams Bradford sold 2,600 shares of Live Oak Bancshares (LOB) on May 15, 2024, at a price of $35.97 per share.
Summary
- On May 15, 2024, Tonya Williams Bradford, a director of Live Oak Bancshares, Inc. (LOB), sold 2,600 shares of the company's voting common stock.
- The sale was executed at a price of $35.97 per share.
- Following the transaction, Bradford directly owns 5,870 shares of Live Oak Bancshares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by an insider. It's neutral in sentiment as it simply reports facts without expressing any opinion or forward-looking statements.
Industry Context
This transaction is a routine disclosure of insider trading activity. It provides transparency to the market but, without additional context, it's difficult to assess the motivation behind the sale or its potential impact on the company.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the relatively small number of shares sold is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Tonya Williams Bradford sold 2,600 shares of Live Oak Bancshares at $35.97 per share. |
| 05/16/2024 | Date of signature: Jonathan A. Greene, by Power of Attorney, signed the Form 4 on behalf of Tonya Williams Bradford. |
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