Open Lending Corp (LPRO) director tenders 13,933 shares in offer
Rhea-AI Filing Summary
Open Lending Corp director Todd C. Hart tendered 13,933 shares of common stock on July 28, 2026, disposing of them in a cash tender offer at $3.15 per share. The offer was made under a June 15, 2026 Merger Agreement with ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc., and left him with no directly held shares reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,933 shares
Net Sell
1 txn
Insider
Hart Todd C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tender Offer | Common Stock, par value $0.01 per share F1 | 13,933 | $3.15 | $44K |
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: 13,933 shares
Tender price: $3.15 per share
Direct shares after transaction: 0 shares
+1 more
4 metrics
Shares tendered
13,933 shares
Common stock tendered on July 28, 2026 pursuant to the Offer
Tender price
$3.15 per share
Cash consideration per share in the tender offer under the Merger Agreement
Direct shares after transaction
0 shares
Common shares reported as directly held by Todd C. Hart after the tender
Merger Agreement date
June 15, 2026
Date of Agreement and Plan of Merger governing the tender offer
Key Terms
tender offer, Agreement and Plan of Merger, par value, Merger Agreement
4 terms
tender offer financial
"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
"in the tender offer 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.
Merger Agreement regulatory
"dated as of June 15, 2026 (the "Merger Agreement"), among the Issuer, ANV Group Holdings Ltd."
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Todd C. Hart report in this Form 4 for LPRO?
Todd C. Hart, a director of Open Lending Corp, tendered 13,933 shares of common stock on July 28, 2026 at $3.15 per share in cash, pursuant to a tender offer under an Agreement and Plan of Merger, leaving him with no directly held common shares reported.
What are Todd C. Hart’s reported Open Lending (LPRO) holdings after this transaction?
Following the tender of 13,933 shares, Todd C. Hart reported 0 shares of Open Lending common stock held directly. The Form 4 lists a total of 0.0000 shares following the transaction for this security, indicating no directly held position was reported afterward.
Was Todd C. Hart’s Open Lending (LPRO) tender offer transaction under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnote does not reference any trading plan. The transaction is described solely as a disposition pursuant to a tender offer under a Merger Agreement, not as part of a pre-arranged Rule 10b5-1 plan.