Open Lending (LPRO) General Counsel converts 24,736 RSUs, holds 29,472 shares

Rhea-AI Filing Summary

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.

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

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Massey Ben

(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)
	General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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
Common Stock, par value $0.01 per share	03/15/2026		M		4,520(1)	A	$0	15,277	D
Common Stock, par value $0.01 per share	03/15/2026		F		1,100	D	$1.45	14,177	D
Common Stock, par value $0.01 per share	03/15/2026		M		6,250(1)	A	$0	20,427	D
Common Stock, par value $0.01 per share	03/15/2026		F		1,521	D	$1.45	18,906	D
Common Stock, par value $0.01 per share	03/15/2026		M		13,966(1)	A	$0	32,872	D
Common Stock, par value $0.01 per share	03/15/2026		F		3,400	D	$1.45	29,472	D

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	(2)	03/15/2026		M			4,520	(3)	(3)	Common Stock, par value $0.01 per share	4,520	$0	171,993	D
Restricted Stock Units	(2)	03/15/2026		M			6,250	(3)	(3)	Common Stock, par value $0.01 per share	6,250	$0	165,743	D
Restricted Stock Units	(2)	03/15/2026		M			13,966	(3)	(3)	Common Stock, par value $0.01 per share	13,966	$0	151,777	D

Explanation of Responses:

1. Reflects restricted stock units that upon vesting converted into shares of LPRO common stock.

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

3. These restricted stock units vested on March 15, 2026.

Remarks:

	/s/ Ben Massey	03/17/2026
	** 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 insider transactions did Open Lending (LPRO) report for Ben Massey?

Open Lending General Counsel Ben Massey exercised restricted stock units that converted into 24,736 shares of common stock on March 15, 2026. These transactions reflect equity compensation vesting rather than open-market buying or selling activity.

How many Open Lending (LPRO) shares did Ben Massey receive from RSU exercises?

Ben Massey’s restricted stock unit exercises resulted in 24,736 shares of Open Lending common stock. Footnotes state each RSU corresponds to one share, and the units vested and converted into shares on March 15, 2026 as part of compensation.

Were any Open Lending (LPRO) shares sold by Ben Massey in this Form 4?

No open-market sales were reported. The filing shows 6,021 shares of common stock were disposed of under code F, which indicates shares were withheld at $1.45 per share solely to satisfy tax obligations on the RSU vesting.

What is Ben Massey’s direct Open Lending (LPRO) shareholding after these transactions?

Following the RSU conversions and related tax withholdings, Ben Massey directly held 29,472 shares of Open Lending common stock. This share count reflects his position after all March 15, 2026 transactions reported in the Form 4 were completed.

What do the restricted stock unit footnotes mean in the Open Lending (LPRO) Form 4?

The footnotes explain that each restricted stock unit represents a contingent right to receive one share of Open Lending common stock and that these RSUs vested on March 15, 2026. Upon vesting, they automatically converted into shares reported in the Form 4.

Did Ben Massey retain derivative positions in Open Lending (LPRO) after this Form 4?

No remaining derivative positions from these RSUs are shown. The Form 4 indicates the restricted stock units vested and converted into common shares, and the derivative summary is empty, implying those specific RSU awards were fully settled into stock.