Open Lending (LPRO) director gains 14,943 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Open Lending Corp director Abhijit Chaudhary reported the vesting of restricted stock units that converted into common shares. On June 3, 2026, 14,943 restricted stock units vested and were exercised into 14,943 shares of LPRO common stock, all held directly after the transaction. Each unit represented a contingent right to receive one common share, and no open-market purchase or sale was reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,943 shares exercised/converted
Mixed
2 txns
Insider
Chaudhary Abhijit
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,943 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 14,943 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock, par value $0.01 per share — 14,943 shares (Direct, null)
Footnotes (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
RSUs vested: 14,943 units
Shares received: 14,943 shares
Post-transaction holdings: 14,943 shares
+3 more
6 metrics
RSUs vested
14,943 units
Restricted stock units vested on June 3, 2026
Shares received
14,943 shares
Common stock received upon RSU conversion
Post-transaction holdings
14,943 shares
Total direct common stock after transaction
Exercise/Conversion price
$0.00 per unit
Reported transaction price for RSU conversion
Transactions classified as exercises
1 exercise, 14,943 shares
Derivative exercise/conversion per transactionSummary
Derivative RSU balance
0 units
Restricted stock units following the vesting event
Key Terms
Restricted Stock Units, contingent right, derivative security
3 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of LPRO common stock."
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did Open Lending (LPRO) report for Abhijit Chaudhary?
Open Lending reported that director Abhijit Chaudhary had 14,943 restricted stock units vest and convert into the same number of common shares. This reflects compensation-related equity vesting, not an open-market share purchase or sale.
When did the restricted stock units vest for Open Lending (LPRO) director Abhijit Chaudhary?
The restricted stock units vested on June 3, 2026. On that date, 14,943 restricted stock units converted into an equal number of Open Lending common shares, as disclosed in the Form 4 insider transaction report.
What does each restricted stock unit represent for Open Lending (LPRO)?
Each restricted stock unit represents a contingent right to receive one share of Open Lending common stock. Upon vesting, these units convert into common shares, as occurred with the 14,943 units reported in this Form 4 filing.