Director O'Brien purchases 80,000 shares (80.0K shares) for $2,000,000.00 at $25.00; holds 116.9K post-trade; cluster pattern detected.
O'Brien Patrick D., a Director, executed 2 separate purchases totaling 80,000 shares for $2,000,000.00 at $25.00 on 2024-11-18, expanding his position by 216.7% from 36.9K to 116.9K shares. The current price is $38.19, representing -27.4% from the 52-week high and a -11.5% decline over the past 30 days, creating a backdrop where the director's acquisition occurred well below recent highs. Notably, 2 other insiders also bought within the past 14 days, forming a cluster buy pattern. His prior buys at MBIN showed strong subsequent performance: +21.4% and +29.4% over 30 days, and +24.7% and +32.9% over 90 days respectively, with 100% win rate on those same-ticker trades, suggesting a pattern of timing purchases near turning points in this stock.