Open Lending Corporation SEC Filings

Whetstone Capital Advisors, LLC and David Atterbury report a 5.1% beneficial ownership stake in Open Lending Corporation’s common stock. They disclose beneficial ownership of 6,014,667 shares of Open Lending common stock, with no sole voting or dispositive power and shared voting and dispositive power over all of these shares. This ownership level is reported as of 12/31/2025.

The reporting persons certify that the securities were not acquired and are not held for the purpose of changing or influencing control of Open Lending, and are not part of any transaction with that purpose or effect, other than activities solely in connection with a nomination under the relevant proxy rule.

Open Lending Corp (LPRO) reported a routine insider equity grant on a Form 4. A company director received 14,943 restricted stock units (RSUs), each representing a contingent right to receive one share of Open Lending common stock with a par value of $0.01 per share. The RSUs were granted on 11/21/2025 at a price of $0 per unit, reflecting a standard equity award rather than an open-market purchase.

The RSUs will vest on the earlier of November 21, 2026 or the next annual meeting of Open Lending’s stockholders following the grant date. After vesting, the director will receive the corresponding number of common shares, aligning the director’s compensation more closely with shareholder interests over this period.

Open Lending Corp (LPRO) director files initial ownership report showing no holdings. A member of the board of directors of Open Lending Corp submitted an initial beneficial ownership statement as of 11/21/2025. The filing indicates that this person serves as a director of the company and, according to the remarks section, currently has no securities beneficially owned in Open Lending common stock or related derivative securities.

Open Lending Corporation reported a change in its Board of Directors. On November 19, 2025, director Gene Yoon resigned from the Board. The company states that his resignation was not due to any dispute or disagreement with the company or its Board regarding operations, policies, or practices.

Effective November 21, 2025, the Board appointed Abhijit Chaudhary as a director to fill the vacancy, with a term expiring at the 2027 Annual Meeting of Stockholders. He was also appointed to the Audit Committee and the Nominating and Corporate Governance Committee. Chaudhary brings executive experience from Mastercard Inc., Pagaya Technologies Ltd., and Green Dot Corporation, with prior roles focused on product leadership and consumer financial services.

The company notes there are no arrangements or understandings with any other person regarding his selection and that he is not involved in related party transactions requiring disclosure. Open Lending has entered into its standard director indemnification agreement with him and issued a press release on November 25, 2025 announcing these changes.

Open Lending Corp (LPRO) disclosed that its Chief Underwriting Officer filed a report for a transaction in the company’s common stock on 11/19/2025. The filing shows activity in 40,000 shares of common stock, at a weighted average price of $1.52 per share, executed through multiple trades between $1.5099 and $1.53.

Following this transaction, the officer is reported to beneficially own 44,363 shares of Open Lending common stock in direct ownership. The report notes that detailed trade-by-trade pricing within the disclosed range is available upon request to the company, any security holder, or the SEC staff.

Open Lending Corp (LPRO) reported the initial holdings of its Chief Underwriting Officer on a Form 3. The officer directly owns 4,363 shares of common stock and holds derivative awards, including restricted stock units and stock options. The RSUs and options vest in equal annual installments beginning on March 15, 2026, giving the officer contingent rights to additional LPRO shares over time.

Open Lending Corp (LPRO) reported the equity holdings of its General Counsel, who is an officer of the company. As of the event dated 11/07/2025, the officer beneficially owns 10,757 shares of Open Lending common stock directly.

The officer also holds 83,656 restricted stock units (RSUs), each representing a contingent right to receive one share of LPRO common stock. These RSUs include 9,040 units that vest in two equal annual installments beginning on March 15, 2026, 18,750 units that vest in three equal annual installments beginning on March 15, 2026, and 55,866 units that vest in four equal annual installments beginning on March 15, 2026.

Open Lending Corporation reported Q3 results with total revenue of $24.2 million and a net loss of $7.6 million. Operating loss was $7.7 million, driven largely by a one-time $11.0 million payment tied to an amendment of a reseller agreement with Allied, recorded in general and administrative expense.

Program fees were $13.3 million and profit share revenue was $8.5 million, reflecting lower anticipated profit share on new originations but a positive change in prior-period estimates. Certified loans totaled 23,880 versus 27,435 a year ago, while average program fee per loan rose 8%. Cash and cash equivalents were $222.1 million and term loan principal outstanding was $135.0 million as of September 30, 2025. Cash from operations for the nine-month period was $(8.6) million, reflecting the Allied payment and softer collections.

The company repurchased 1,971,369 shares for $4.0 million under its authorization and remained in compliance with credit covenants. A shareholder class action filed in May 2025 was dismissed without prejudice in October 2025.

Open Lending Corporation furnished an Item 2.02 Form 8-K stating it issued a press release announcing financial results for the fiscal quarter ended September 30, 2025. The company attached an earnings release and supplemental financial information as Exhibit 99.1 and Exhibit 99.2, respectively. The company noted this information is furnished and shall not be deemed filed under the Exchange Act.