CFO equity units at Open Lending Corp (LPRO) swapped for $3.15 cash
Rhea-AI Filing Summary
Open Lending Corp Chief Financial Officer Massimo Monaco reported merger-related changes to his equity awards. 428,938 restricted stock units were disposed of to the issuer, leaving zero RSUs, and 207,232 performance stock units vested and were cancelled, with each underlying share converted into the right to receive $3.15 in cash under an Agreement and Plan of Merger.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Monaco Massimo
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F1 | 428,938 | -- | -- |
| Grant/Award | Performance Stock Units F2 | 207,232 | -- | -- |
| Disposition | Performance Stock Units F2 | 207,232 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 0 shares (Direct)
Footnotes (2)
- F1. 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., each time-based restricted stock unit of the Issuer outstanding at the effective time of the merger (the "Effective Time") was cancelled and converted into the right to receive $3.15 in cash.
- F2. Pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time, each outstanding performance-based stock unit of the Issuer (each, a "PSU") vested on a one PSU for one share of common stock basis and, at the Effective Time, was cancelled and converted into the right to receive $3.15 in cash.
Key Figures
Restricted stock units cancelled: 428938.0000 units
Performance stock units affected: 207232.0000 units
Cash consideration per share: $3.15 per share
+1 more
4 metrics
Restricted stock units cancelled
428938.0000 units
Time-based restricted stock units cancelled at the merger Effective Time and converted into cash rights
Performance stock units affected
207232.0000 units
Performance stock units vested one-for-one into common stock then were cancelled in connection with the merger
Cash consideration per share
$3.15 per share
Cash paid for each time-based RSU and each share underlying a vested PSU under the Merger Agreement
Form 4 transaction date
2026-07-30
Reported date of the derivative equity award transactions related to the merger
Key Terms
Restricted Stock Units, Performance Stock Units, Agreement and Plan of Merger, Effective Time
4 terms
Restricted Stock Units financial
"each time-based restricted stock unit of the Issuer outstanding at the effective time"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"each outstanding performance-based stock unit of the Issuer (each, a "PSU") vested"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Agreement and Plan of Merger regulatory
"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.
Effective Time regulatory
"outstanding at the effective time of the merger (the "Effective Time") was cancelled"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Open Lending (LPRO) CFO Massimo Monaco report on July 30, 2026?
Massimo Monaco reported merger-driven changes to equity awards: 428,938 restricted stock units were cancelled and converted to cash rights, and 207,232 performance stock units vested and were cancelled, with each underlying share exchanged for $3.15 in cash under the merger terms.
How many restricted stock units of Open Lending (LPRO) were affected for the CFO?
The filing shows 428,938 restricted stock units tied to Open Lending common stock were disposed of to the issuer at the merger’s Effective Time and converted into the right to receive $3.15 in cash per underlying share, leaving the CFO with zero RSUs outstanding.
What happened to Open Lending (LPRO) performance stock units held by the CFO?
According to the filing, 207,232 performance stock units vested on a one-to-one basis into common stock immediately before the merger Effective Time, then were cancelled and converted into rights to receive $3.15 in cash for each associated share of common stock.
Which merger agreement is referenced in the Open Lending (LPRO) CFO Form 4 filing?
The equity award changes occur under an Agreement and Plan of Merger dated June 15, 2026 among Open Lending Corp, ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc., which specifies a $3.15 cash payment for each eligible equity award share.
Does the Open Lending (LPRO) CFO Form 4 indicate use of a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not marked, and the explanatory footnotes describe mandatory merger treatment of equity awards, so the filing does not state that these transactions were executed under a Rule 10b5-1 trading plan.