Wasatch Advisors Files Schedule 13G Disclosing 5.2% Stake in LPRO

Rhea-AI Filing Summary

Wasatch Advisors LP reported beneficial ownership of 6,182,607 shares of Open Lending Corp common stock, equal to 5.2% of the class. The Schedule 13G shows Wasatch holds sole voting power for 5,868,476 shares and sole dispositive power for 6,182,607 shares. The filing lists Open Lending's executive offices in Austin, Texas, and Wasatch's business address in Salt Lake City, and classifies the reporting person as IA (investment adviser).

Wasatch certified the shares were acquired and are held in the ordinary course of business and are not held to change or influence control of the issuer. The form is signed by CEO Mike Yeates on behalf of Wasatch Advisors LP.

Positive

• Wasatch Advisors LP beneficially owns 6,182,607 shares of Open Lending, representing 5.2% of the class
• The filer reports sole voting power for 5,868,476 shares and sole dispositive power for 6,182,607 shares
• Wasatch certified the securities are held in the ordinary course of business and not for the purpose of changing or influencing control
• Reporting person is classified as IA (investment adviser), consistent with regulated portfolio management activities

Negative

• None.

Insights

Financial Analyst

TL;DR: A >5% passive stake reported; notable but disclosed as non-activist, showing significant economic exposure to LPRO.

Wasatch Advisors LP reports beneficial ownership of 6,182,607 shares (5.2%), with sole voting power over 5,868,476 shares. The Schedule 13G classification and the certifying statement that holdings are in the ordinary course indicate a non-activist, passive position rather than an intent to influence control. For investors, this is a material disclosure because surpassing 5% triggers public reporting, but the filing does not describe any strategic or control actions.

Corporate Governance Expert

TL;DR: Holder has substantial voting and dispositive power but explicitly disclaims intent to influence control; governance implications are limited by that classification.

The filing documents Wasatch's sole dispositive power for 6,182,607 shares and substantial sole voting power, yet the certification states the position is held in the ordinary course and not for changing control. That distinction is key for governance: the holder meets reporting thresholds but is positioned as a passive investor under Schedule 13G, which generally reduces immediate concerns about activist campaigns or control contests.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Open Lending Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

68373J104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 68373J104

1

Names of Reporting Persons

WASATCH ADVISORS LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,868,476.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,182,607.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,182,607.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Open Lending Corp
(b)	Address of issuer's principal executive offices: 1501 S. MOPAC EXPRESSWAY, SUITE #450, AUSTIN, TEXAS, 78746
Item 2.
(a)	Name of person filing: Wasatch Advisors LP
(b)	Address or principal business office or, if none, residence: 505 Wakara Way, 3rd Floor, Salt Lake City, 84108, United States
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 68373J104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6,182,607
(b)	Percent of class: 5.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5,868,476
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6,182,607
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

WASATCH ADVISORS LP

Signature:	Mike Yeates
Name/Title:	CEO
Date:	08/12/2025

FAQ

How many Open Lending (LPRO) shares does Wasatch Advisors LP report owning?

Wasatch Advisors LP reports beneficial ownership of 6,182,607 shares of Open Lending common stock.

What percentage of LPRO does Wasatch Advisors own according to the filing?

The filing shows Wasatch owns 5.2% of the outstanding class of Open Lending common stock.

How much voting power does Wasatch Advisors have in LPRO?

Wasatch reports sole voting power for 5,868,476 shares and shared voting power of 0 shares.

Does the Schedule 13G indicate Wasatch intends to influence control of Open Lending (LPRO)?

No. The filer certifies the shares are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Who signed the Schedule 13G on behalf of Wasatch Advisors LP?

The Schedule 13G is signed by Mike Yeates, CEO, on behalf of Wasatch Advisors LP.