Open Lending Corp (LPRO) director tenders 318 shares at $3.15 in merger offer

Rhea-AI Filing Summary

Open Lending Corp director Thomas K. Hegge disposed of 318 shares of common stock on July 28, 2026 by tendering them into a cash tender offer at $3.15 per share, made pursuant to an Agreement and Plan of Merger with ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc. Following this transaction, he reported owning 0 shares directly.

Insider Trade Summary

Net Seller: 318 shares

Net Sell 1 txn

Insider Hegge Thomas K

Role Director

Type	Security	Shares	Price	Value
Tender Offer	Common Stock, par value $0.01 per share F1	318	$3.15	$1K

Holdings After Transaction: Common Stock, par value $0.01 per share — 0 shares (Direct)

Footnotes (1)

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: 318 shares Tender offer price: $3.15 per share Shares held after transaction: 0 shares +1 more

4 metrics

Shares tendered 318 shares Common stock tendered on July 28, 2026 pursuant to a tender offer

Tender offer price $3.15 per share Cash consideration received per share for tendered common stock

Shares held after transaction 0 shares Directly owned common shares reported following the disposition

Merger Agreement date June 15, 2026 Date of Agreement and Plan of Merger referenced in the tender offer

Key Terms

tender offer, Agreement and Plan of Merger, Merger Agreement

3 terms

tender offer financial

"tendered the shares of common stock in exchange for $3.15 per share in cash in the tender offer"

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

"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.

Merger Agreement regulatory

"dated as of June 15, 2026 (the "Merger Agreement"), among the Issuer"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/30/2026 - 10:04 AM Accepted by SEC EDGAR 07/30/2026 - 10:03 AM Learn about SEC filing dates

FAQ

What insider transaction did Open Lending Corp (LPRO) director Thomas K. Hegge report?

He disposed of 318 shares of Open Lending Corp common stock by tendering them into a cash tender offer at $3.15 per share, pursuant to an Agreement and Plan of Merger with ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc., leaving him with no direct holdings.

How many Open Lending Corp (LPRO) shares did Thomas K. Hegge tender and at what price?

Thomas K. Hegge tendered 318 shares of Open Lending Corp common stock at $3.15 per share. The shares were exchanged for cash in a tender offer conducted under an Agreement and Plan of Merger involving the company and acquisition entities.

Does Thomas K. Hegge still hold Open Lending Corp (LPRO) stock after this Form 4 transaction?

After the reported transaction, Thomas K. Hegge disclosed holding 0 shares of Open Lending Corp common stock directly. His entire directly reported position of 318 shares was tendered into the cash offer associated with the Agreement and Plan of Merger.

What is the tender offer referenced in the Open Lending Corp (LPRO) Form 4 filing?

The tender offer is a cash offer at $3.15 per share for Open Lending common stock, made pursuant to an Agreement and Plan of Merger dated June 15, 2026 among Open Lending Corp, ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc.

Was the Open Lending Corp (LPRO) Form 4 transaction made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnote describes the transaction as occurring in connection with a tender offer pursuant to a Merger Agreement, rather than under a pre-arranged Rule 10b5-1 trading plan.

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

X

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^*

Hegge Thomas K

(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)
07/28/2026

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	07/28/2026		U(1)		318	D	$3.15	0	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

Explanation of Responses:

1. 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.

Remarks:

	/s/ Ben Massey, as Attorney-in-Fact	07/30/2026
	** 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)