Insider plans 10,000-share common stock sale for issuer (LOB)
Rhea-AI Filing Summary
A person filing under Rule 144 plans to sell 10,000 common shares through Fidelity Brokerage Services LLC on or about 02/12/2026 on the NYSE, with an indicated aggregate market value of $414,000. The issuer has 45,857,617 common shares outstanding.
The 10,000 shares to be sold were originally acquired by open market purchase from the issuer on 08/19/2020 for cash. Over the prior three months, James S Mahan Rev Trust reported multiple separate sales of 10,000 common shares each, with gross proceeds ranging from $320,458.60 to $418,983.13.
Positive
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Negative
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Insights
Form 144 shows continued insider-related selling in 10,000-share blocks, but without broader context its impact is unclear.
This notice indicates an intention to sell 10,000 common shares under Rule 144, valued around $414,000, against an outstanding base of 45,857,617 shares. The seller previously acquired these shares in an open market purchase on 08/19/2020 for cash.
The filing lists a pattern where James S Mahan Rev Trust sold multiple 10,000-share blocks between 11/26/2025 and 02/11/2026, with gross proceeds between $320,458.60 and $418,983.13. Without additional ownership data, the overall significance of these sales for remaining holdings or float cannot be assessed from this excerpt alone.