Open Lending Corp (NASDAQ: LPRO) director tenders 122,686 shares at $3.15
Rhea-AI Filing Summary
Open Lending Corp director Eric A. Feldstein disposed of 122,686 shares of common stock on July 28, 2026 through a tender-offer disposition at $3.15 per share in cash. The shares were tendered under an Agreement and Plan of Merger with ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc., leaving Feldstein with 0 shares directly held.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 122,686 shares
Net Sell
1 txn
Insider
FELDSTEIN ERIC A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tender Offer | Common Stock, par value $0.01 per share F1 | 122,686 | $3.15 | $386K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 0 shares (Direct)
Footnotes (1)
- F1. The Reporting Person tendered the shares of common stock in exchange for $3.15 per share in cash in the tender offer (the "Offer") made pursuant to the Agreement and Plan of Merger, dated as of June 15, 2026 (the "Merger Agreement"), among the Issuer, ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc.
Key Figures
Shares tendered: 122,686 shares
Tender offer price: $3.15 per share
Post-transaction holdings: 0 shares
+1 more
4 metrics
Shares tendered
122,686 shares
Common stock disposed of by Eric A. Feldstein in tender offer on July 28, 2026
Tender offer price
$3.15 per share
Cash consideration per share in merger-related tender offer
Post-transaction holdings
0 shares
Direct common stock holdings of Eric A. Feldstein after the tender-offer disposition
Transaction date
July 28, 2026
Date of reported tender-offer disposition of common stock
Key Terms
tender offer, Agreement and Plan of Merger, par value
3 terms
tender offer financial
"The Reporting Person tendered the shares of common stock in exchange for $3.15 per share in cash in the tender offer"
A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.
Agreement and Plan of Merger regulatory
"made pursuant to the Agreement and Plan of Merger, dated as of June 15, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
par value financial
"Common Stock, par value $0.01 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Open Lending (LPRO) report for Eric A. Feldstein?
Open Lending reported that director Eric A. Feldstein tendered 122,686 shares of common stock in a tender offer at $3.15 per share in cash, as part of a merger-related transaction with ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc.
Was Eric A. Feldstein’s Open Lending (LPRO) tender-offer trade under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating that the transaction was executed pursuant to a Rule 10b5-1 trading plan. The transaction is described instead as a tender offer disposition in connection with a merger agreement.