Open Lending (NASDAQ: LPRO) COO exercises 18,000 RSUs in Form 4

Rhea-AI Filing Summary

Open Lending Corp Chief Operating Officer Michelle Glasl reported vesting and conversion of restricted stock units into common stock. On March 15, 2026, she exercised derivative awards covering 18,000 restricted stock units, each representing one share of LPRO common stock.

Following the vesting, 5,760 common shares were withheld at $1.45 per share to cover tax obligations, and 12,240 common shares remained directly owned after these dispositions. The filing reflects routine equity compensation activity rather than open-market buying or selling.

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^*

Glasl Michelle

(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)
	Chief Operating Officer

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		9,000(1)	A	$0	9,000	D
Common Stock, par value $0.01 per share	03/15/2026		F		2,880	D	$1.45	6,120	D
Common Stock, par value $0.01 per share	03/15/2026		M		9,000(1)	A	$0	15,120	D
Common Stock, par value $0.01 per share	03/15/2026		F		2,880	D	$1.45	12,240	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			9,000	(3)	(3)	Common Stock, par value $0.01 per share	9,000	$0	181,142	D
Restricted Stock Units	(2)	03/15/2026		M			9,000	(3)	(3)	Common Stock, par value $0.01 per share	9,000	$0	172,142	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, as Attorney-in-Fact	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).
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FAQ

What insider transaction did Open Lending (LPRO) report for Michelle Glasl?

Open Lending’s COO Michelle Glasl reported vesting of restricted stock units converting into common shares. On March 15, 2026, 18,000 RSUs converted to LPRO common stock as part of her equity compensation awards, according to the Form 4 filing.

How many restricted stock units vested for Open Lending’s COO?

A total of 18,000 restricted stock units vested for COO Michelle Glasl. Each restricted stock unit represented a contingent right to receive one share of LPRO common stock, and these units converted into shares upon vesting on March 15, 2026.

Were any of Michelle Glasl’s Open Lending shares sold in the market?

The Form 4 shows no open-market sales by Michelle Glasl. Instead, 5,760 common shares were withheld at $1.45 per share to satisfy tax obligations related to the RSU vesting, a standard non-market tax-withholding disposition.

How many Open Lending shares does the COO hold after this Form 4 transaction?

After the reported transactions, Michelle Glasl directly holds 12,240 shares of Open Lending common stock. This reflects the net position following the vesting of 18,000 RSUs and withholding of 5,760 shares to cover tax liabilities.

What does transaction code “M” mean in the Open Lending Form 4?

In this Form 4, transaction code “M” indicates the exercise or conversion of a derivative security. For Michelle Glasl, it reflects restricted stock units converting into common shares of Open Lending upon vesting on March 15, 2026.

What does transaction code “F” indicate in Michelle Glasl’s filing?

Transaction code “F” indicates shares withheld to pay taxes or exercise costs. In this case, 5,760 Open Lending common shares were withheld at $1.45 each to satisfy tax liabilities tied to Michelle Glasl’s restricted stock unit vesting.