LPRO Insider Filing: Massimo Monaco Granted 257,510 RSUs with Four-Year Vesting

Rhea-AI Filing Summary

Massimo Monaco, Chief Financial Officer and Director of Open Lending Corp (LPRO), was granted 257,510 restricted stock units (RSUs) on 09/25/2025. Each RSU converts to one share of LPRO common stock and the awards were granted with a $0 purchase price. The RSUs are scheduled to vest in four equal annual installments beginning on 09/25/2026, and following the grant Mr. Monaco beneficially owns 257,510 shares subject to these restrictions. The Form 4 filing was signed by an attorney-in-fact on 09/29/2025.

Positive

• 257,510 RSU grant to the CFO aligns management incentives with shareholders through equity compensation
• Four-year annual vesting beginning 09/25/2026 supports retention and long-term performance alignment

Negative

• None.

Insights

Financial Analyst

TL;DR: A sizeable RSU grant aligns the CFO with shareholder value through multi-year vesting, increasing near-term equity compensation.

The 257,510 RSU grant to the CFO represents a meaningful equity award that vests over four years, creating multi-year retention and incentive alignment with shareholders. The award is recorded as a direct beneficial ownership of 257,510 shares subject to vesting and carries no purchase price per the filing. For investors, this is a governance signal that management compensation includes equity-based incentives tied to future performance, though the filing does not disclose grant-date fair value or how this compares to prior grants.

Corporate Governance Expert

TL;DR: Significant RSU grant for the CFO indicates retention focus and standard multi-year vesting; materiality depends on company share count not provided.

The award's four-year annual vesting schedule is conventional for executive retention. The filing documents the mechanics (1 RSU = 1 share) and the vesting start date of 09/25/2026. The Form 4 does not include contextual metrics such as total outstanding shares, prior holdings, grant valuation, or board compensation rationale, limiting assessment of dilution or proportionality.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Monaco Massimo

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	257,510	$0.00	--

Holdings After Transaction: Restricted Stock Units — 257,510 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of LPRO common stock. These restricted stock units will vest in four equal annual installments beginning on September 25, 2026.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Monaco Massimo

(Last) (First) (Middle)

C/O OPEN LENDING CORPORATION

1501 S. MOPAC EXPRESSWAY, SUITE 450

(Street)

AUSTIN TX 78746

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Open Lending Corp [ LPRO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	09/25/2025		A		257,510		(2)	(2)	Common Stock, par value $0.01 per share	257,510	$0	257,510	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of LPRO common stock.

2. These restricted stock units will vest in four equal annual installments beginning on September 25, 2026.

Remarks:

	/s/ Matthew Stark, as Attorney-in-Fact	09/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Open Lending (LPRO) disclose in this Form 4?

The filing shows Massimo Monaco, CFO and Director, was granted 257,510 restricted stock units on 09/25/2025.

What is the vesting schedule for the RSUs awarded to LPRO's CFO?

The RSUs vest in four equal annual installments beginning on 09/25/2026.

How many shares does the CFO beneficially own following the grant?

Following the reported transaction, the CFO beneficially owns 257,510 shares subject to restriction.

Was there a purchase price for the RSUs in the Form 4?

The filing reports a $0 price for the restricted stock units.

When was the Form 4 signed and filed?

The Form 4 bears a signature by an attorney-in-fact dated 09/29/2025.