Director Abhijit Chaudhary exits Open Lending Corp (LPRO) stake
Rhea-AI Filing Summary
Open Lending Corp director Abhijit Chaudhary disposed of 14,943 shares of common stock on July 28, 2026 by tendering them into a cash offer at $3.15 per share. The offer was made under a June 15, 2026 Agreement and Plan of Merger, leaving him with 0 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,943 shares
Net Sell
1 txn
Insider
Chaudhary Abhijit
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tender Offer | Common Stock, par value $0.01 per share F1 | 14,943 | $3.15 | $47K |
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: 14,943 shares
Tender offer price: $3.15 per share
Shares held after transaction: 0 shares
+1 more
4 metrics
Shares tendered
14,943 shares
Common stock tendered on July 28, 2026 pursuant to a tender offer
Tender offer price
$3.15 per share
Cash consideration received for each share tendered in the offer
Shares held after transaction
0 shares
Director’s directly owned Open Lending common shares following the tender offer disposition
Merger agreement date
June 15, 2026
Agreement and Plan of Merger among Open Lending Corp, ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc.
Key Terms
tender offer, Agreement and Plan of Merger, ANV Group Holdings Ltd., Lakers Acquisition Sub, Inc.
4 terms
tender offer regulatory
"in exchange for $3.15 per share in cash in the tender offer made pursuant to the Agreement"
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
"cash 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.
ANV Group Holdings Ltd. regulatory
"Agreement and Plan of Merger among the Issuer, ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc."
Lakers Acquisition Sub, Inc. regulatory
"Agreement and Plan of Merger among the Issuer, ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did director Abhijit Chaudhary report in Open Lending (LPRO)'s Form 4?
Director Abhijit Chaudhary reported a disposition of 14,943 shares of Open Lending common stock. He tendered these shares into a cash offer at $3.15 per share, fully exiting his direct common stock position reported in this filing.
What was the nature of the disposition reported for LPRO in this Form 4?
The disposition was a tender-offer transaction, coded as a disposition pursuant to a tender offer. Chaudhary exchanged 14,943 common shares for $3.15 per share in cash as part of an offer linked to a June 15, 2026 merger agreement.
Was the LPRO Form 4 transaction made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked, so the transaction is not reported as being effected under a Rule 10b5-1 trading plan. It instead reflects a tender offer disposition connected to a specified merger agreement.