LSB Industries Insider Barry Golsen Sells 24,001 Shares in Steady 10(b)(5)(1) Plan: A Quiet Liquidity Move, Not a Red Flag

Insider Selling Surge at LSB Industries: What It Means for Investors

The recent Form 4 filed by GOLSEN BARRY H on January 21, 2026, shows a sizable sell‑off of 24,001 shares of common stock at an average price of $10.06. The transaction was executed under a 10(b)(5)(1) trading plan that had been in place since September 4, 2025, and the shares were held by both the Irrevocable Family Trusts and BGG Family LLC. The sale brings Barry’s post‑transaction holdings down to roughly 63,800 shares—about 8.9 % of the outstanding shares—while the overall insider ownership has dipped slightly from 14.3 % to 13.7 %.

Implications for the Stock and the Business

A single transaction of this size, executed at a price barely above the current market close ($9.75), is unlikely to move the market on its own. However, it adds to a pattern of frequent, medium‑to‑large volume sales that have been ongoing since mid‑December 2025. The cumulative effect of these sales—often within a tight $9–10 range—has kept the stock trading near the upper end of its 52‑week range, suggesting that insiders are comfortable with a modest upside but wary of a potential pullback. For investors, the key takeaway is that the stock is not currently being sold off at distressed levels; rather, insiders appear to be liquidating positions in a measured, plan‑driven manner, which may signal confidence in the company’s near‑term trajectory.

What It Means for Investors and the Company’s Future

The steady stream of insider sales, coupled with a negative P/E of –1,050, indicates that LSB Industries is still in a recovery phase, with earnings below break‑even. The company’s price‑to‑book ratio of 1.37 suggests that the market values it slightly above book value, implying room for upside if earnings improve. The insider sales could be interpreted as a way to diversify portfolios or fund other ventures, rather than a signal of impending trouble. Nevertheless, the volume of shares sold—over 1 million shares traded in the past year—may pressure the stock if market sentiment shifts. Investors should monitor future filings for any changes in the 10(b)(5)(1) plans or sudden large block sales that could act as a catalyst.

Profile of GOLSEN BARRY H

Barry has been an active participant in LSB’s insider market since at least September 2025, with a consistent pattern of selling large blocks (10,000–90,000 shares) at prices ranging from $9.00 to $10.10. His transactions are almost exclusively through 10(b)(5)(1) plans—one through the Irrevocable Family Trusts, another through BGG Family LLC—both of which are controlled by him. The trust‑based structure keeps his personal holdings relatively small while allowing him to liquidate portions of the family portfolio. Historically, his sales have been executed at market prices slightly above the close, indicating a strategy that prioritizes liquidity over price maximization. In the past year, his cumulative sales have reduced his stake from about 24 % to under 10 %, a notable dilution for the remaining shareholders.

Bottom Line for Readers

The January 21, 2026 sale by GOLSEN BARRY H is a continuation of a disciplined, plan‑driven selling program rather than an alarming red flag. For investors, it signals that insiders are comfortable with current valuation levels but are also seeking liquidity, perhaps in anticipation of future opportunities. The company’s fundamentals—negative earnings but a modestly positive price‑to‑book—suggest that the stock remains undervalued if earnings can turn positive. As always, investors should watch for any sudden shifts in insider activity that could signal a change in sentiment or strategic direction.