Open Lending (NASDAQ: LPRO) director receives 13,933 shares as restricted stock units vest

Rhea-AI Filing Summary

Open Lending Corp director Todd C. Hart acquired shares through equity compensation. On June 3, 2026, restricted stock units (RSUs) covering 13,933 shares of Open Lending common stock vested and converted into an equal number of common shares.

Each RSU represented a contingent right to receive one share of common stock, and following this exercise Hart directly held 13,933 common shares. The filing shows a routine compensation-related equity grant vesting, with no open‑market purchases or sales reported.

Insider Trade Summary

13,933 shares exercised/converted

Mixed 2 txns

Insider Hart Todd C

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	13,933	$0.00	--
Exercise	Common Stock, par value $0.01 per share	13,933	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock, par value $0.01 per share — 13,933 shares (Direct, null)

Footnotes (1)

1. Reflects restricted stock units that upon vesting converted into shares of LPRO common stock. Each restricted stock unit represents a contingent right to receive one share of LPRO common stock. These restricted stock units vested on June 3, 2026.

Key Figures

Common shares acquired: 13,933 shares RSUs converted: 13,933 units Shares held after transaction: 13,933 shares +1 more

4 metrics

Common shares acquired 13,933 shares Shares of common stock received from RSU vesting on June 3, 2026

RSUs converted 13,933 units Restricted stock units that vested and converted into common shares

Shares held after transaction 13,933 shares Total directly held Open Lending common shares following the Form 4 transaction

RSU-to-share ratio 1:1 Each restricted stock unit represented one share of common stock

Key Terms

restricted stock units, derivative exercise/conversion, contingent right, Form 4

4 terms

restricted stock units financial

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

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.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

contingent right financial

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

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Hart Todd C

(Last) (First) (Middle)

C/O OPEN LENDING CORPORATION

1501 S. MOPAC EXPRESSWAY, SUITE 450

(Street)

AUSTIN TEXAS 78746

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Open Lending Corp [ LPRO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/03/2026		M		13,933(1)	A	$0	13,933	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)	06/03/2026		M			13,933	(3)	(3)	Common Stock, par value $0.01 per share	13,933	$0	0	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 June 3, 2026.

Remarks:

	/s/ Ben Massey, as Attorney-in-Fact	06/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Open Lending (LPRO) director Todd C. Hart report in this Form 4?

Todd C. Hart reported the vesting and conversion of restricted stock units into 13,933 shares of Open Lending common stock. This reflects an equity compensation event, not an open-market trade, and increased his directly held common share position to 13,933 shares.

How many Open Lending (LPRO) shares did Todd C. Hart receive from RSU vesting?

Todd C. Hart received 13,933 shares of Open Lending common stock from restricted stock units vesting. The RSUs converted on June 3, 2026, with each unit representing a contingent right to one share, as disclosed in the Form 4 footnotes.

What are restricted stock units in the Open Lending (LPRO) Form 4 filing?

Restricted stock units are equity awards that convert into shares upon vesting. In this case, each RSU granted to Todd C. Hart represented a contingent right to receive one share of Open Lending common stock when vesting conditions were met on June 3, 2026.

Did Todd C. Hart buy or sell Open Lending (LPRO) shares on the market?

The Form 4 does not show any open-market purchases or sales by Todd C. Hart. It reports only a derivative exercise, where vested restricted stock units converted into 13,933 common shares as part of his compensation, with no sale transaction code disclosed.

How did Todd C. Hart’s Open Lending (LPRO) holdings change after this transaction?

After the transaction, Todd C. Hart directly held 13,933 shares of Open Lending common stock. The restricted stock unit position related to this grant went to zero as they fully converted into shares upon vesting, as reflected in the Form 4 transaction details.

When did the restricted stock units in the Open Lending (LPRO) Form 4 vest?

The restricted stock units reported in the Form 4 vested on June 3, 2026. Upon vesting, 13,933 RSUs converted into an equal number of Open Lending common shares, consistent with the footnote stating each unit represents a right to receive one share.