LPRO Form 4: RSU vesting of 18,301 shares and 4,456-share sale

Rhea-AI Filing Summary

Open Lending (LPRO) insider transaction: Matthew Stark, Chief Legal and Compliance Officer, reported equity activity on 10/19/2025. Restricted stock units vested and converted into 18,301 shares of common stock at a stated price of $0 under transaction code M. A separate entry shows 4,456 shares disposed at $1.95 under transaction code F.

Following these transactions, the filing lists 73,270 shares of common stock beneficially owned directly. The derivative table shows 138,555 restricted stock units beneficially owned following the reported transactions. The filing notes these RSUs represent a contingent right to receive one share of LPRO common stock each and vested on October 19, 2025.

Insights

Securities compliance analyst

Routine insider RSU vesting and share withholding; neutral impact.

The officer reported RSU vesting converting into 18,301 LPRO shares on 10/19/2025 at a stated price of $0 (code M). A separate transaction shows 4,456 shares disposed at $1.95 (code F). These entries align with equity award mechanics disclosed in the footnotes.

Post-transaction, direct beneficial ownership is listed at 73,270 common shares, and the derivative table shows 138,555 restricted stock units remaining. This is an administrative update; it does not indicate a strategic change. Actual market effect depends on future holder decisions and any subsequent equity events.

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^*

Stark Matthew

(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)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
10/19/2025

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	10/19/2025		M		18,301(1)	A	$0	77,726	D
Common Stock, par value $0.01 per share	10/19/2025		F		4,456	D	$1.95	73,270	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)	10/19/2025		M			18,301	(3)	(3)	Common Stock, par value $0.01 per share	18,301	$0	138,555	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 October 19, 2025.

Remarks:

Chief Legal and Compliance Officer

	/s/ Matthew Stark	10/21/2025
	** 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 did LPRO officer Matthew Stark report on Form 4?

He reported RSU vesting converting into 18,301 LPRO shares on 10/19/2025, plus a separate disposition of 4,456 shares at $1.95.

How many LPRO shares does the insider beneficially own after the transactions?

The filing lists 73,270 shares of LPRO common stock beneficially owned directly after the reported transactions.

How many restricted stock units (RSUs) remain for the insider at LPRO?

The derivative table shows 138,555 restricted stock units beneficially owned following the reported transactions.

What transaction codes appear in the LPRO Form 4 filing?

The filing shows code M for the RSU conversion into shares and code F for a disposition entry.

What were the prices listed for the LPRO transactions?

The RSU conversion shows $0 for 18,301 shares; the disposition entry lists $1.95 for 4,456 shares.

What is the insider’s role at Open Lending (LPRO)?

The remarks identify the reporting person as the Chief Legal and Compliance Officer.