David E. Rainbolt, an executive and director, has been a consistent seller of BancFirst Corporation (BANF) stock over the past two years, with no open-market purchases recorded in his recent SEC Form 4 filings. Across 48 total transactions spanning three companies, his sales total approximately $28.05 million, while his acquisitions—all compensation-related grants or awards—amount to roughly $407,000. The selling bias is pronounced: 13 of his most recent trades were open-market sales (code S), and none were purchases (code P), the only transaction type that signals fresh conviction in a stock.
The bulk of Rainbolt’s selling activity has concentrated in BANF, with a cluster of large dispositions in late July and early August 2026. On July 27, 2026, he sold shares valued at $3.46 million, followed by a $9.51 million sale on July 28, a $1.46 million sale on July 29, and a final $1.32 million sale on August 3. Earlier in the year, he executed additional BANF sales in April and May, ranging from roughly $23,000 to $2.84 million per transaction, including a $2.02 million sale on April 23 and a $1.04 million sale on May 7. His only other notable equity activity involved OGE Energy Corp. (OGE), where he received recurring stock awards—$15,312 quarterly grants in 2026 and larger annual awards of $162,500 in December 2024 and $170,000 in December 2025—none of which represent open-market buying.
The pattern is unambiguous: Rainbolt has been a net seller of BANF shares, with total sales exceeding $28 million against zero open-market purchases. His OGE holdings grew only through automatic compensation grants, not discretionary investment. The recent acceleration of BANF sales—particularly the $9.5 million block on July 28—suggests a deliberate reduction of his position, though the filings themselves offer no insight into his reasoning.
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