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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 18,715 shares
Net Buy
9 txns
Insider
Massey Ben
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,520 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 6,250 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 13,966 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 4,520 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 1,100 | $1.45 | $2K |
| Exercise | Common Stock, par value $0.01 per share | 6,250 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 1,521 | $1.45 | $2K |
| Exercise | Common Stock, par value $0.01 per share | 13,966 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 3,400 | $1.45 | $5K |
Holdings After Transaction:
Restricted Stock Units — 151,777 shares (Direct);
Common Stock, par value $0.01 per share — 29,472 shares (Direct)
Footnotes (3)
- F1. Reflects restricted stock units that upon vesting converted into shares of LPRO common stock.
- F2. Each restricted stock unit represents a contingent right to receive one share of LPRO common stock.
- F3. These restricted stock units vested on March 15, 2026.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
