Open Lending (LPRO) COO receives 118,142 restricted stock units in grant

Rhea-AI Filing Summary

Glasl Michelle reported acquisition or exercise transactions in this Form 4 filing.

Open Lending Corp reported that Chief Operating Officer Michelle Glasl received a grant of 118,142 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of LPRO common stock. These RSUs vest in four equal annual installments beginning on March 15, 2027, aligning the award with multi-year service and performance at the company.

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^*

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)
02/18/2026

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

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	(1)	02/18/2026		A		118,142		(2)	(2)	Common Stock, par value $0.01 per share	118,142	$0	190,142	D

Explanation of Responses:

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

2. These restricted stock units vest in four equal annual installments beginning on March 15, 2027.

Remarks:

	/s/ Ben Massey, as Attorney-in-Fact	02/20/2026
	** 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.

FAQ

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

Open Lending Corp reported that Chief Operating Officer Michelle Glasl received a grant of 118,142 restricted stock units. These units represent contingent rights to receive common shares, providing equity-based compensation tied to her continued role at the company over several years.

How many restricted stock units were granted to the Open Lending Corp COO?

Michelle Glasl, COO of Open Lending Corp, was granted 118,142 restricted stock units. Each unit corresponds to one share of LPRO common stock, creating a significant equity incentive that links her potential future ownership to the company’s long-term performance.

When do Michelle Glasl’s Open Lending (LPRO) restricted stock units vest?

The restricted stock units granted to Michelle Glasl vest in four equal annual installments beginning on March 15, 2027. This means the award will gradually become earned over four years, encouraging long-term retention and sustained alignment with shareholder interests.

What does each restricted stock unit represent in the Open Lending Form 4?

Each restricted stock unit granted to Michelle Glasl represents a contingent right to receive one share of Open Lending Corp common stock. The units do not convert immediately; they deliver shares only as they vest according to the specified multi-year schedule starting March 15, 2027.

Is Michelle Glasl’s Open Lending RSU grant an acquisition or a sale of securities?

The transaction is classified as an acquisition of derivative securities through a grant or award. It reflects equity compensation rather than an open-market purchase or sale, and is recorded at a price of zero dollars per unit in the Form 4 transaction details.

How many Open Lending RSUs does Michelle Glasl hold after this grant?

Following this grant, Michelle Glasl is reported to hold 190,142 restricted stock units in total. This figure includes the newly awarded 118,142 units and represents her direct derivative equity interest as disclosed in the Form 4 filing for Open Lending Corp.