Oppenheimer director reports vesting of 75,000 shares

Oppenheimer Holdings director Robert S. Lowenthal reported equity compensation activity involving Class A non-voting common stock.

Rhea-AI Filing Summary

Oppenheimer Holdings director Robert S. Lowenthal reported equity compensation activity involving Class A non-voting common stock. On January 28, 2026, 75,000 shares of Restricted Class A non-voting common stock awarded on January 28, 2021 vested. Of these, 35,505 Class A non-voting common shares were converted and 39,495 shares were forfeited. Following the transactions, he directly owned 129,608 shares of Class A non-voting common stock and 105,000 shares of Restricted Class A non-voting common stock.

Insider Trade Summary

Other: 110,505 shares

Other 2 txns

Insider Lowenthal Robert S

Role Director

Type	Security	Shares	Price	Value
Other	Restricted Class A non-voting common stock	75,000	$0.00	$0.00
Other	Class A non-voting common stock	35,505	$0.00	$0.00

Holdings After Transaction: Restricted Class A non-voting common stock — 105,000 contracts (Direct); Class A non-voting common stock — 129,608 shares (Direct)

Footnotes (1)

1. F1. The transaction describes the vesting of 75,000 shares of Restricted Class A non-voting common stock which were awarded on January 28, 2021 of which 35,505 Class A non-voting common shares were converted and 39,495 shares were forfeited.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Oppenheimer Holdings (OPY) report for director Robert S. Lowenthal?

Oppenheimer Holdings reported equity compensation activity for director Robert S. Lowenthal. On January 28, 2026, 75,000 Restricted Class A non-voting shares vested, with 35,505 shares converted into Class A non-voting common stock and 39,495 shares forfeited, reflecting standard stock award vesting.

How many Oppenheimer Holdings (OPY) shares did Robert S. Lowenthal hold after this Form 4 transaction?

After the reported transactions, Robert S. Lowenthal directly held 129,608 shares of Class A non-voting common stock. He also held 105,000 shares of Restricted Class A non-voting common stock, according to the Form 4 filing, reflecting his post-vesting equity position in Oppenheimer Holdings.

Was the Oppenheimer Holdings (OPY) Form 4 for a stock sale or for vesting of awards?

The Form 4 reflects vesting and related adjustments of equity awards, not an open-market stock sale. It describes vesting of 75,000 Restricted Class A non-voting shares granted in 2021, with a portion converted into common shares and the remaining shares forfeited per the award terms.

What does the forfeiture of 39,495 Oppenheimer Holdings (OPY) shares mean in this Form 4?

The forfeiture of 39,495 shares indicates that part of the original 75,000-share restricted award did not convert into common shares upon vesting. Instead, those shares were canceled or lapsed, consistent with the vesting terms described in the Form 4 footnote for this 2021 stock award.

What transaction code is used in the Oppenheimer Holdings (OPY) Form 4 for this award vesting?

The Form 4 uses transaction code "J" for both the restricted stock and common stock entries. Code "J" denotes an "other" type of transaction, which in this case corresponds to the vesting, conversion, and forfeiture mechanics of a previously granted Restricted Class A non-voting stock award.

Does Robert S. Lowenthal report direct or indirect ownership of Oppenheimer Holdings (OPY) shares in this filing?

Robert S. Lowenthal reports direct ownership for all securities in this filing. Both the 129,608 Class A non-voting common shares and the 105,000 Restricted Class A non-voting shares are marked as directly held, with no separate entity or indirect ownership structure noted in the Form 4.

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Accepted by SEC EDGAR 01/29/2026 - 04:48 PM Learn about SEC filing dates

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^*

Lowenthal Robert S

(Last) (First) (Middle)

OPPENHEIMER HOLDINGS INC.

85 BROAD STREET

(Street)

NEW YORK NY 10004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OPPENHEIMER HOLDINGS INC [ OPY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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
Class A non-voting common stock	01/28/2026		J		35,505	A	(1)	129,608	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 Class A non-voting common stock	(1)	01/28/2026		J			75,000	(1)	(1)	Class A non-voting common stock	75,000	(1)	105,000	D

Explanation of Responses:

1. The transaction describes the vesting of 75,000 shares of Restricted Class A non-voting common stock which were awarded on January 28, 2021 of which 35,505 Class A non-voting common shares were converted and 39,495 shares were forfeited.

Remarks:

	/s/ Jenny Chan, as Attorney-in-fact for Robert S. Lowenthal	01/28/2026
	** 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.
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