Welcome to our dedicated page for Open Lending Corporation SEC filings (Ticker: LPRO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Open Lending Corporation (NASDAQ: LPRO) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. These documents offer detailed information on how Open Lending reports its automotive lending enablement and risk analytics activities, its financial condition, and key governance developments.
Investors can review Form 8-K current reports, where Open Lending discloses material events such as quarterly earnings announcements, executive and director appointments or resignations, and changes in key roles like Chief Financial Officer or General Counsel. For example, recent 8-K filings describe the appointment of new board members, executive transitions, and the issuance of press releases reporting financial results for quarters ended June 30 and September 30.
While this page focuses on recent 8-Ks, Open Lending also files annual reports on Form 10-K and quarterly reports on Form 10-Q, which contain comprehensive financial statements, management’s discussion and analysis, risk factors, and descriptions of its business in automotive lending enablement, loan analytics, risk-based pricing, risk modeling, and default insurance. These periodic reports are central resources for understanding revenue categories such as program fees, profit share, and claims administration and other service fees, as well as non-GAAP measures like Adjusted EBITDA.
Through Stock Titan, users can see new LPRO filings as they are made available from the SEC’s EDGAR system and use AI-powered summaries to interpret complex disclosures. The platform is designed to help readers quickly identify the main points in lengthy filings, such as how Open Lending’s certified loan volumes relate to its financial results, or how governance changes are documented in connection with director and officer transitions.
In addition, the filings page can surface insider-related filings, such as Forms 3, 4, and 5, when available, which report transactions by directors and executive officers. By combining real-time updates with AI-generated explanations, the Open Lending SEC filings page offers a structured way to review the company’s regulatory history and better understand its position in the finance and insurance sector.
Open Lending Corp Chief Underwriting Officer Matthew Sather reported compensation-related equity activity involving restricted stock units (RSUs). On March 15, 2026, a total of 24,133 RSUs vested and converted into the same number of shares of Open Lending common stock.
To cover tax obligations, 7,070 shares of common stock were withheld and disposed of at a price of $1.45 per share, which is recorded with transaction code F as a tax-withholding disposition rather than an open-market sale. After these transactions, Sather directly owns 61,426 shares of Open Lending common stock, reflecting a routine compensation and tax-settlement event rather than a discretionary open-market trade.
Open Lending Corp General Counsel Ben Massey reported routine equity compensation activity involving restricted stock units on March 15, 2026. He exercised RSUs that converted into 24,736 shares of Open Lending common stock, consistent with each RSU representing one share upon vesting.
To cover tax obligations, 6,021 shares of common stock were withheld at a price of $1.45 per share, a non-market disposition coded as tax withholding. After these exercises and withholdings, Massey directly held 29,472 shares of Open Lending common stock. No open‑market purchases or sales were reported, and no derivative positions remained from these RSUs following conversion.
Open Lending Corp Chief Operating Officer Michelle Glasl reported vesting and conversion of restricted stock units into common stock. On March 15, 2026, she exercised derivative awards covering 18,000 restricted stock units, each representing one share of LPRO common stock.
Following the vesting, 5,760 common shares were withheld at $1.45 per share to cover tax obligations, and 12,240 common shares remained directly owned after these dispositions. The filing reflects routine equity compensation activity rather than open-market buying or selling.
Open Lending Corporation provides lending enablement and risk analytics to credit unions, regional banks, finance companies and automaker captive finance units. Its cloud-based Lenders Protection Platform (LPP) helps these automotive lenders serve near-prime and non-prime borrowers by combining risk-based pricing, real-time underwriting and default insurance.
Since 2000 the company has facilitated over one million automotive loans totaling more than $27.9 billion in originations and now serves 450 active lenders. Revenue comes from per-loan program fees, profit-sharing on insurance underwriting, and claims administration fees. In 2025, average program fees were $558 per loan and average profit share revenue was $298 per loan.
Open Lending partners with three A.M. Best–rated insurance carriers and, as of December 31, 2025, employed 164 people, primarily in Austin, Texas. Key risks highlighted include dependence on a concentrated group of top lenders and insurers, sensitivity to macroeconomic and interest rate conditions, complex regulatory oversight, data privacy and cybersecurity threats, model risk and the need to maintain accurate forecasting for profit-share revenue.
Open Lending Corporation reported a sharp improvement in results for the fourth quarter and full year 2025. Q4 revenue was $19.3 million, up from a loss-like $(56.9) million a year earlier, as profit share estimates on older loan vintages were essentially flat versus a large negative adjustment in 2024. Q4 gross profit reached $14.7 million and net income was $1.7 million, compared with a $(144.4) million net loss in Q4 2024. Adjusted EBITDA improved to $2.8 million from $(75.9) million.
For 2025, revenue rose to $93.2 million from $24.0 million, and gross profit climbed to $71.7 million. The company narrowed its net loss to $4.2 million from $(135.0) million, while Adjusted EBITDA swung to a positive $15.6 million from $(55.0) million. Certified loans declined to 97,348 from 110,652 as management tightened underwriting and tested pricing changes. Credit unions and banks accounted for 89.4% of Q4 certified loans, supporting higher-fee business.
Open Lending also launched its ApexOne Auto platform to reach prime borrowers and voluntarily repaid $48.0 million of term debt in December 2025. For 2026, it expects 100,000–110,000 certified loans and Adjusted EBITDA of $25–$29 million, signaling anticipated continued margin improvement.
Open Lending Corporation entered into a Cooperation Agreement with Palogic entities on March 6, 2026. The company will add William Dabbs Cavin as a Class III director nominee at the 2026 Annual Meeting and will recommend shareholders support his election.
The company will also recommend shareholders vote for Palogic’s non-binding proposal requesting declassification of the Board so directors are elected annually. In return, Palogic agreed to vote with the Board’s recommendations during a defined cooperation period and accepted ownership, proxy-solicitation, and non-disparagement restrictions. Director Charles D. Jehl informed the Board he will not stand for re-election at the 2026 Annual Meeting, and there are no known disagreements.
Open Lending Corp ownership disclosure: Portolan Capital Management, LLC and George McCabe report beneficial ownership of 7,007,120 shares of common stock, representing 5.93% of the class as shown on the cover page dated 02/19/2026. The filing states the shares are held directly by Portolan and indirectly by Mr. McCabe in his capacity as Manager.
Open Lending Corp reported that Chief Underwriting Officer Matthew Sather acquired 102,028 restricted stock units (RSUs) as a grant or award. Each RSU represents a contingent right to receive one share of LPRO common stock.
These RSUs vest in four equal annual installments beginning on March 15, 2027, meaning the executive receives the underlying shares over time rather than immediately. Following this grant, Sather now holds 191,926 RSUs directly.
Massey Ben reported acquisition or exercise transactions in this Form 4 filing.
Open Lending Corp General Counsel Ben Massey received a grant of 92,857 restricted stock units on February 18, 2026. Each unit represents a contingent right to receive one share of LPRO common stock. After this award, he holds 176,513 restricted stock units directly.
These restricted stock units vest in four equal annual installments beginning on March 15, 2027, meaning the award will be paid out over four years if vesting conditions are met.
Glasl Michelle reported acquisition or exercise transactions in this Form 4 filing.
Open Lending Corp reported that Chief Operating Officer Michelle Glasl received a grant of 118,142 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of LPRO common stock. These RSUs vest in four equal annual installments beginning on March 15, 2027, aligning the award with multi-year service and performance at the company.